Xperi Corp (NASDAQ:XPER) has earned an average rating of “Hold” from the seven research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $31.50.
Several research firms recently commented on XPER. cut shares of Xperi from a “strong-buy” rating to a “hold” rating in a report on Saturday, October 12th. B. Riley reaffirmed a “buy” rating and issued a $28.00 price target on shares of Xperi in a research note on Friday, December 13th. Finally, BidaskClub raised shares of Xperi from a “sell” rating to a “hold” rating in a research report on Thursday.
Institutional investors and hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System grew its position in Xperi by 1.2% during the third quarter. California State Teachers Retirement System now owns 76,753 shares of the semiconductor company’s stock worth $1,587,000 after buying an additional 916 shares in the last quarter. NumerixS Investment Technologies Inc raised its holdings in Xperi by 46.4% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 4,100 shares of the semiconductor company’s stock valued at $84,000 after acquiring an additional 1,300 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in Xperi in the 3rd quarter valued at approximately $30,000. Alpha Windward LLC lifted its position in shares of Xperi by 8.0% in the 3rd quarter. Alpha Windward LLC now owns 21,960 shares of the semiconductor company’s stock worth $454,000 after acquiring an additional 1,620 shares during the period. Finally, Swiss National Bank lifted its position in shares of Xperi by 2.6% in the 2nd quarter. Swiss National Bank now owns 90,500 shares of the semiconductor company’s stock worth $1,863,000 after acquiring an additional 2,300 shares during the period. 95.76% of the stock is owned by institutional investors and hedge funds.
Shares of Xperi stock opened at $18.24 on Friday. Xperi has a 1 year low of $16.67 and a 1 year high of $25.84. The company has a market cap of $922.97 million, a P/E ratio of 7.35 and a beta of 0.30. The company has a current ratio of 8.09, a quick ratio of 8.09 and a debt-to-equity ratio of 0.71. The stock has a 50-day moving average price of $20.14 and a 200 day moving average price of $20.24.
Xperi (NASDAQ:XPER) last released its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.01. The company had revenue of $90.63 million for the quarter, compared to analysts’ expectations of $90.40 million. Xperi had a return on equity of 22.15% and a net margin of 9.20%. On average, equities analysts forecast that Xperi will post 2.39 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $0.80 annualized dividend and a dividend yield of 4.39%. Xperi’s payout ratio is 32.26%.
About Xperi
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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