Rosenblatt Securities Reaffirms “Buy” Rating for Xperi (NASDAQ:XPER)

Xperi (NASDAQ:XPER)‘s stock had its “buy” rating reaffirmed by Rosenblatt Securities in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $15.00 target price on the semiconductor company’s stock. Rosenblatt Securities’ price target points to a potential upside of 77.62% from the company’s previous close.

Separately, BWS Financial reiterated a “top pick” rating and issued a $30.00 price target on shares of Xperi in a research report on Thursday, November 7th.

Xperi Trading Up 1.9 %

Shares of NASDAQ XPER opened at $8.45 on Thursday. The firm has a market capitalization of $378.59 million, a PE ratio of -4.44 and a beta of 1.31. Xperi has a 1 year low of $6.89 and a 1 year high of $12.29. The firm’s 50-day moving average is $9.35 and its 200-day moving average is $9.13.

Institutional Trading of Xperi

A number of hedge funds have recently modified their holdings of XPER. Virtus Fund Advisers LLC acquired a new stake in shares of Xperi in the 4th quarter valued at approximately $43,000. BNP Paribas Financial Markets acquired a new stake in Xperi during the 4th quarter worth approximately $56,000. Harbor Capital Advisors Inc. raised its holdings in Xperi by 13.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,098 shares of the semiconductor company’s stock worth $104,000 after buying an additional 1,197 shares during the period. LPL Financial LLC acquired a new stake in Xperi during the 4th quarter worth approximately $115,000. Finally, Intech Investment Management LLC acquired a new stake in Xperi during the 3rd quarter worth approximately $121,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

About Xperi

Xperi Inc operates as a consumer and entertainment technology company worldwide. It offers Pay-TV solutions, including UX solutions that allows service providers to customize elements of the interactive program guide for their customers and to upgrade the programming features and services; IPTV, a cloud-based solution that supports various services and applications, such as TV programming, broadband OTT video content, digital music, photos, and other media experiences; managed IPTV service; video metadata and services; managed IPTV Service, a customizable, cloud-enabled, and end-to-end streaming video solution that enables operators to quickly launch a branded, fully compliant, full-featured Pay-TV service; metadata libraries comprising television, sports, movies, digital-first, celebrities, books, and video games; personalized content discovery, natural language voice, and insights; and TiVo DVR subscriptions, as well as technical support service.