Craig Hallum Trims Xperi (XPER) Target Price to $20.00

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Xperi (NASDAQ:XPER) had its price target decreased by Craig Hallum from $25.00 to $20.00 in a research note issued to investors on Thursday, The Fly reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Craig Hallum’s price objective would indicate a potential upside of 39.76% from the stock’s previous close.

XPER has been the subject of several other research reports. Royal Bank of Canada reiterated a “buy” rating and set a $22.00 price target on shares of Xperi in a research report on Thursday, August 9th. BidaskClub cut shares of Xperi from a “sell” rating to a “strong sell” rating in a research report on Friday, September 14th. ValuEngine upgraded shares of Xperi from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 8th. B. Riley assumed coverage on shares of Xperi in a report on Thursday, July 19th. They set a “buy” rating and a $26.00 price objective for the company. Finally, National Securities assumed coverage on shares of Xperi in a report on Thursday, September 6th. They set a “buy” rating and a $31.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating and five have given a buy rating to the stock. Xperi has an average rating of “Hold” and a consensus target price of $27.80.

Shares of NASDAQ:XPER traded down $0.19 during trading on Thursday, hitting $14.31. 2,353 shares of the company’s stock were exchanged, compared to its average volume of 398,969. Xperi has a 1-year low of $12.08 and a 1-year high of $28.33. The company has a debt-to-equity ratio of 0.84, a current ratio of 7.92 and a quick ratio of 7.92. The stock has a market cap of $676.56 million, a price-to-earnings ratio of 10.40 and a beta of 0.67.

Xperi (NASDAQ:XPER) last issued its quarterly earnings results on Wednesday, November 7th. The semiconductor company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.15). Xperi had a negative return on equity of 2.09% and a negative net margin of 19.66%. The business had revenue of $100.59 million for the quarter, compared to analyst estimates of $98.50 million. Equities research analysts anticipate that Xperi will post 2.05 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Rothschild Asset Management Inc. grew its holdings in Xperi by 0.6% during the second quarter. Rothschild Asset Management Inc. now owns 583,751 shares of the semiconductor company’s stock valued at $9,398,000 after purchasing an additional 3,425 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Xperi by 30.5% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,700 shares of the semiconductor company’s stock valued at $269,000 after purchasing an additional 3,900 shares during the period. Rhumbline Advisers lifted its stake in Xperi by 3.8% in the second quarter. Rhumbline Advisers now owns 118,519 shares of the semiconductor company’s stock valued at $1,908,000 after buying an additional 4,384 shares in the last quarter. UBS Group AG lifted its stake in Xperi by 42.4% in the first quarter. UBS Group AG now owns 15,137 shares of the semiconductor company’s stock valued at $320,000 after buying an additional 4,509 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Xperi by 4.6% in the second quarter. Legal & General Group Plc now owns 107,729 shares of the semiconductor company’s stock valued at $1,722,000 after buying an additional 4,753 shares in the last quarter. Hedge funds and other institutional investors own 99.53% of the company’s stock.

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, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.

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