Xperi Corp (NASDAQ:XPER) has been given a consensus rating of “Hold” by the seven analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $32.00.
Several brokerages have recently commented on XPER. B. Riley set a $30.00 price objective on shares of Xperi and gave the company a “buy” rating in a research note on Tuesday, July 2nd. BidaskClub raised shares of Xperi from a “strong sell” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research downgraded shares of Xperi from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 14th. Finally, ValuEngine downgraded shares of Xperi from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st.
Xperi stock opened at $20.52 on Friday. The company has a quick ratio of 7.58, a current ratio of 7.58 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $979.42 million, a PE ratio of 8.27 and a beta of 0.38. The firm has a fifty day simple moving average of $19.80 and a two-hundred day simple moving average of $21.93. Xperi has a twelve month low of $12.08 and a twelve month high of $25.84.
Xperi (NASDAQ:XPER) last posted its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.10. The business had revenue of $92.30 million during the quarter, compared to the consensus estimate of $90.20 million. Xperi had a net margin of 7.37% and a return on equity of 22.90%. As a group, equities analysts expect that Xperi will post 2.27 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend is Monday, August 26th. Xperi’s dividend payout ratio (DPR) is 32.26%.
In other news, insider Paul E. Davis sold 6,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $22.00, for a total transaction of $132,000.00. Following the completion of the transaction, the insider now directly owns 103,904 shares of the company’s stock, valued at $2,285,888. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in shares of Xperi by 3.3% during the 2nd quarter. BlackRock Inc. now owns 7,312,208 shares of the semiconductor company’s stock valued at $150,558,000 after acquiring an additional 231,013 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Xperi by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 5,390,209 shares of the semiconductor company’s stock valued at $110,985,000 after purchasing an additional 62,614 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Xperi by 17.1% in the 2nd quarter. Janus Henderson Group PLC now owns 3,205,717 shares of the semiconductor company’s stock valued at $66,006,000 after purchasing an additional 468,478 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Xperi by 91.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,687,914 shares of the semiconductor company’s stock valued at $34,754,000 after purchasing an additional 804,000 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in shares of Xperi by 47.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,467,568 shares of the semiconductor company’s stock valued at $30,217,000 after purchasing an additional 470,533 shares in the last quarter. 96.77% of the stock is owned by institutional investors.
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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