Xperi (NASDAQ:XPER) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Wednesday, BidAskClub reports.

Several other analysts have also recently weighed in on XPER. Zacks Investment Research cut Xperi from a “hold” rating to a “strong sell” rating in a report on Saturday, March 2nd. Craig Hallum raised their price target on Xperi from $28.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, February 21st. They noted that the move was a valuation call. Finally, ValuEngine raised Xperi from a “sell” rating to a “hold” rating in a report on Wednesday, December 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. Xperi presently has a consensus rating of “Buy” and an average price target of $26.40.

Shares of XPER opened at $24.92 on Wednesday. The stock has a market cap of $1.22 billion, a P/E ratio of 10.05 and a beta of 0.24. The company has a debt-to-equity ratio of 0.78, a quick ratio of 7.34 and a current ratio of 7.34. Xperi has a 52-week low of $12.08 and a 52-week high of $25.84.

Xperi (NASDAQ:XPER) last issued its quarterly earnings data on Wednesday, February 20th. The semiconductor company reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.06). The company had revenue of $141.80 million for the quarter, compared to analysts’ expectations of $143.00 million. Xperi had a positive return on equity of 9.19% and a negative net margin of 0.07%. As a group, research analysts expect that Xperi will post 1.78 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the business. Texas Permanent School Fund raised its holdings in shares of Xperi by 2.6% in the 4th quarter. Texas Permanent School Fund now owns 31,684 shares of the semiconductor company’s stock valued at $583,000 after acquiring an additional 792 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Xperi by 0.7% in the 4th quarter. DAVENPORT & Co LLC now owns 109,495 shares of the semiconductor company’s stock valued at $2,014,000 after acquiring an additional 797 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Xperi by 24.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,050 shares of the semiconductor company’s stock valued at $74,000 after acquiring an additional 800 shares in the last quarter. Investors Research Corp purchased a new stake in shares of Xperi in the 1st quarter valued at about $26,000. Finally, California Public Employees Retirement System raised its holdings in shares of Xperi by 1.0% in the 4th quarter. California Public Employees Retirement System now owns 130,078 shares of the semiconductor company’s stock valued at $2,392,000 after acquiring an additional 1,277 shares in the last quarter. 95.75% of the stock is currently owned by hedge funds and other 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.

Featured Story: How Do You Calculate Return on Investment (ROI)?

Receive News & Ratings for Xperi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xperi and related companies with MarketBeat.com's FREE daily email newsletter.