Xperi (NASDAQ:XPER) Downgraded to Hold Rating by StockNews.com

StockNews.com cut shares of Xperi (NASDAQ:XPER) from a buy rating to a hold rating in a report issued on Friday morning.

Several other research firms have also recently weighed in on XPER. BWS Financial restated a “top pick” rating and set a $30.00 price target on shares of Xperi in a report on Thursday. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 target price on shares of Xperi in a report on Thursday, February 27th.

Xperi Trading Up 0.7 %

NASDAQ:XPER opened at $8.08 on Friday. The stock has a 50-day moving average price of $7.38 and a 200 day moving average price of $8.66. The stock has a market capitalization of $367.79 million, a P/E ratio of -4.25 and a beta of 1.29. Xperi has a 12-month low of $6.29 and a 12-month high of $11.08.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Barclays PLC grew its holdings in Xperi by 197.0% in the third quarter. Barclays PLC now owns 69,991 shares of the semiconductor company’s stock worth $646,000 after purchasing an additional 46,426 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Xperi in the 4th quarter worth $658,000. Harbor Capital Advisors Inc. grew its stake 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 last quarter. Arrowstreet Capital Limited Partnership increased its position in Xperi by 8.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 794,782 shares of the semiconductor company’s stock valued at $8,162,000 after buying an additional 61,610 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in 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 buying an additional 2,253 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Xperi Company Profile

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.