Craig Hallum Cuts Xperi (NASDAQ:XPER) Price Target to $12.00

Xperi (NASDAQ:XPER) had its price objective trimmed by Craig Hallum from $15.00 to $12.00 in a report released on Tuesday morning, MarketBeat reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

Several other equities research analysts have also issued reports on XPER. StockNews.com lowered shares of Xperi from a buy rating to a hold rating in a research report on Friday, May 10th. Rosenblatt Securities reaffirmed a buy rating and issued a $15.00 target price on shares of Xperi in a research note on Tuesday. Finally, BWS Financial reaffirmed a top pick rating and issued a $30.00 target price on shares of Xperi in a research note on Thursday, May 9th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Buy and a consensus target price of $19.00.

Xperi Stock Performance

Shares of Xperi stock traded down $0.13 during trading hours on Tuesday, reaching $7.16. The company had a trading volume of 324,580 shares, compared to its average volume of 518,087. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.01 and a quick ratio of 2.10. Xperi has a one year low of $6.89 and a one year high of $13.16. The firm has a market cap of $323.26 million, a PE ratio of -2.63 and a beta of 1.56. The business has a fifty day simple moving average of $7.91 and a 200 day simple moving average of $9.67.

Xperi (NASDAQ:XPER) last released its quarterly earnings data on Wednesday, May 8th. The semiconductor company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. Xperi had a negative net margin of 21.67% and a negative return on equity of 10.15%. The company had revenue of $118.84 million during the quarter, compared to analyst estimates of $125.23 million. On average, analysts anticipate that Xperi will post -0.95 earnings per share for the current fiscal year.

Institutional Trading of Xperi

Several large investors have recently added to or reduced their stakes in XPER. Vanguard Group Inc. boosted its holdings in Xperi by 1.6% in the third quarter. Vanguard Group Inc. now owns 5,492,250 shares of the semiconductor company’s stock valued at $54,154,000 after acquiring an additional 87,173 shares in the last quarter. Raymond James & Associates boosted its holdings in Xperi by 11.3% in the fourth quarter. Raymond James & Associates now owns 46,266 shares of the semiconductor company’s stock valued at $510,000 after acquiring an additional 4,713 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Xperi during the 4th quarter valued at $239,000. Mackenzie Financial Corp boosted its holdings in shares of Xperi by 5.9% during the 4th quarter. Mackenzie Financial Corp now owns 35,706 shares of the semiconductor company’s stock valued at $393,000 after buying an additional 2,002 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Xperi by 46.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,235 shares of the semiconductor company’s stock valued at $113,000 after buying an additional 3,262 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

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.