Xperi (NASDAQ:XPER) Upgraded at StockNews.com

StockNews.com upgraded shares of Xperi (NASDAQ:XPER) from a hold rating to a buy rating in a research report released on Saturday morning.

Several other research analysts have also recently issued reports on the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 target price on shares of Xperi in a research report on Thursday, February 27th. BWS Financial reaffirmed a “top pick” rating and set a $30.00 target price on shares of Xperi in a research report on Thursday, May 8th.

Xperi Price Performance

XPER opened at $7.98 on Friday. Xperi has a fifty-two week low of $6.29 and a fifty-two week high of $11.08. The firm has a market capitalization of $363.23 million, a PE ratio of -4.20 and a beta of 1.29. The company’s 50-day moving average is $7.41 and its 200 day moving average is $8.60.

Hedge Funds Weigh In On Xperi

Several hedge funds have recently made changes to their positions in XPER. Virtus Fund Advisers LLC purchased a new position in shares of Xperi in the fourth quarter valued at $43,000. BNP Paribas Financial Markets purchased a new position in shares of Xperi in the fourth quarter valued at $56,000. New York State Common Retirement Fund grew its position in shares of Xperi by 140.5% in the first quarter. New York State Common Retirement Fund now owns 8,900 shares of the semiconductor company’s stock valued at $69,000 after purchasing an additional 5,200 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Xperi in the first quarter valued at $105,000. Finally, LPL Financial LLC purchased a new position in shares of Xperi in the fourth quarter valued at $115,000. 94.28% of the stock is currently owned by hedge funds and other 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.