StockNews.com Downgrades Xperi (NASDAQ:XPER) to Hold

StockNews.com cut shares of Xperi (NASDAQ:XPER) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

A number of other equities research analysts also recently commented on XPER. BWS Financial restated a “top pick” rating and issued a $30.00 target price on shares of Xperi in a research report on Thursday, February 27th. Rosenblatt Securities restated a “buy” rating and issued a $15.00 price objective on shares of Xperi in a report on Thursday, February 27th.

Xperi Price Performance

Shares of NASDAQ XPER opened at $8.06 on Wednesday. The company has a market capitalization of $357.55 million, a P/E ratio of -4.24 and a beta of 1.32. The company has a 50 day simple moving average of $8.75 and a 200-day simple moving average of $9.10. Xperi has a 1 year low of $6.89 and a 1 year high of $12.13.

Institutional Investors Weigh In On Xperi

A number of institutional investors have recently modified their holdings of XPER. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Xperi by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,742 shares of the semiconductor company’s stock valued at $264,000 after acquiring an additional 1,140 shares during the period. Invesco Ltd. lifted its position in shares of Xperi by 1.4% during the fourth quarter. Invesco Ltd. now owns 87,467 shares of the semiconductor company’s stock worth $898,000 after purchasing an additional 1,183 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Xperi by 13.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 10,098 shares of the semiconductor company’s stock valued at $104,000 after purchasing an additional 1,197 shares during the period. Nebula Research & Development LLC grew its holdings in shares of Xperi by 10.1% in the fourth quarter. Nebula Research & Development LLC now owns 22,972 shares of the semiconductor company’s stock valued at $236,000 after purchasing an additional 2,104 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Xperi by 3.1% in the fourth quarter. Rhumbline Advisers now owns 73,905 shares of the semiconductor company’s stock valued at $759,000 after purchasing an additional 2,253 shares in the last quarter. 94.28% of the stock is 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.