Shares of Xperi Corp (NASDAQ:XPER) have been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $27.00.
A number of brokerages have recently commented on XPER. Zacks Investment Research lowered shares of Xperi from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. BidaskClub lowered shares of Xperi from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. B. Riley reaffirmed a “buy” rating and set a $35.00 target price on shares of Xperi in a research report on Tuesday, July 28th. Craig Hallum reaffirmed a “buy” rating and set a $20.00 target price on shares of Xperi in a research report on Sunday, July 5th. Finally, BWS Financial started coverage on shares of Xperi in a report on Monday, August 24th. They set a “buy” rating and a $26.00 price objective on the stock.
In other news, Director David C. Habiger bought 7,530 shares of the stock in a transaction on Monday, August 24th. The stock was bought at an average cost of $13.31 per share, for a total transaction of $100,224.30. Following the completion of the purchase, the director now directly owns 30,593 shares in the company, valued at $407,192.83. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jon Kirchner bought 2,000 shares of the stock in a transaction on Monday, August 31st. The stock was purchased at an average price of $12.58 per share, with a total value of $25,160.00. Following the completion of the purchase, the chief executive officer now owns 605,963 shares of the company’s stock, valued at $7,623,014.54. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 25,462 shares of company stock worth $330,359. 1.80% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in XPER. Envestnet Asset Management Inc. acquired a new stake in Xperi in the first quarter valued at approximately $160,000. Texas Permanent School Fund boosted its stake in Xperi by 24.3% in the first quarter. Texas Permanent School Fund now owns 42,116 shares of the semiconductor company’s stock valued at $586,000 after acquiring an additional 8,229 shares in the last quarter. Ziegler Capital Management LLC acquired a new stake in Xperi in the first quarter valued at approximately $797,000. Comerica Bank lifted its stake in shares of Xperi by 3.7% during the first quarter. Comerica Bank now owns 48,176 shares of the semiconductor company’s stock worth $708,000 after buying an additional 1,705 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of Xperi by 91.2% during the first quarter. SG Americas Securities LLC now owns 42,514 shares of the semiconductor company’s stock worth $591,000 after buying an additional 20,284 shares during the period. Institutional investors own 86.16% of the company’s stock.
Xperi stock traded down $0.17 during midday trading on Tuesday, reaching $11.87. The stock had a trading volume of 1,352,508 shares, compared to its average volume of 1,040,606. The company has a quick ratio of 7.25, a current ratio of 2.54 and a debt-to-equity ratio of 0.77. Xperi has a 52-week low of $9.01 and a 52-week high of $21.71. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of -20.47 and a beta of 0.33. The company has a fifty day moving average of $14.94 and a 200 day moving average of $14.63.
Xperi (NASDAQ:XPER) last issued its earnings results on Monday, August 10th. The semiconductor company reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.12. The business had revenue of $93.40 million for the quarter, compared to analyst estimates of $119.20 million. Xperi had a negative net margin of 8.65% and a positive return on equity of 18.37%. Equities research analysts predict that Xperi will post -0.5 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 21st. Investors of record on Monday, August 31st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.68%. The ex-dividend date is Friday, August 28th. Xperi’s payout ratio is 7.81%.
Xperi Company Profile
Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, South Korea, Taiwan, Japan, Europe, the Middle East, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.
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