Xperi (NASDAQ:XPER) Price Target Cut to $28.00 by Analysts at B. Riley

Xperi (NASDAQ:XPER) had its price objective decreased by equities research analysts at B. Riley from $30.00 to $28.00 in a report issued on Thursday, November 7th, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. B. Riley’s price objective would indicate a potential upside of 34.29% from the company’s current price.

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XPER has been the topic of a number of other reports. BidaskClub raised shares of Xperi from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. ValuEngine downgraded shares of Xperi from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research cut shares of Xperi from a “strong-buy” rating to a “hold” rating in a research report on Saturday, October 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $30.60.

Xperi stock traded up $0.09 during mid-day trading on Thursday, reaching $20.85. The company’s stock had a trading volume of 235,800 shares, compared to its average volume of 225,031. Xperi has a 12 month low of $12.61 and a 12 month high of $25.84. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 8.41 and a beta of 0.34. The company has a debt-to-equity ratio of 0.71, a quick ratio of 8.09 and a current ratio of 8.09. The business’s 50 day simple moving average is $20.66 and its 200 day simple moving average is $20.86.

Large investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its holdings in Xperi by 26.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 724,011 shares of the semiconductor company’s stock valued at $14,908,000 after acquiring an additional 151,165 shares in the last quarter. Chicago Equity Partners LLC boosted its holdings in Xperi by 886.7% in the second quarter. Chicago Equity Partners LLC now owns 155,498 shares of the semiconductor company’s stock valued at $3,202,000 after acquiring an additional 139,738 shares in the last quarter. Meritage Portfolio Management lifted its position in Xperi by 9.0% during the third quarter. Meritage Portfolio Management now owns 109,224 shares of the semiconductor company’s stock valued at $2,259,000 after buying an additional 8,984 shares during the period. Rothschild & Co. Asset Management US Inc. lifted its position in Xperi by 7.0% during the second quarter. Rothschild & Co. Asset Management US Inc. now owns 227,979 shares of the semiconductor company’s stock valued at $4,694,000 after buying an additional 14,969 shares during the period. Finally, Pacer Advisors Inc. lifted its position in Xperi by 13.2% during the third quarter. Pacer Advisors Inc. now owns 31,035 shares of the semiconductor company’s stock valued at $642,000 after buying an additional 3,627 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

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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