Xperi (XPER) Rating Lowered to Sell at BidaskClub
BidaskClub lowered shares of Xperi (NASDAQ:XPER) from a hold rating to a sell rating in a report published on Thursday.
XPER has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Xperi from a strong sell rating to a hold rating in a report on Thursday, September 28th. Bank of America lowered shares of Xperi from a buy rating to a neutral rating in a report on Friday, November 3rd.
Shares of Xperi (XPER) traded down $0.25 on Thursday, hitting $22.65. 410,400 shares of the company’s stock were exchanged, compared to its average volume of 585,578. The firm has a market cap of $1,120.00, a price-to-earnings ratio of -15.62 and a beta of 0.73. Xperi has a 52 week low of $16.70 and a 52 week high of $45.90. The company has a debt-to-equity ratio of 1.32, a quick ratio of 3.15 and a current ratio of 3.15.
Xperi (NASDAQ:XPER) last announced its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.06). The company had revenue of $88.50 million during the quarter, compared to analyst estimates of $94.20 million. Xperi had a negative net margin of 22.54% and a positive return on equity of 8.10%. The company’s revenue was up 41.8% on a year-over-year basis.
In other Xperi news, CFO Robert J. Andersen bought 2,000 shares of Xperi stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average price of $17.75 per share, for a total transaction of $35,500.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director George Andrew Riedel bought 3,000 shares of Xperi stock in a transaction that occurred on Monday, November 27th. The shares were acquired at an average price of $19.58 per share, for a total transaction of $58,740.00. Following the acquisition, the director now directly owns 24,527 shares in the company, valued at approximately $480,238.66. The disclosure for this purchase can be found here. Insiders have purchased a total of 21,388 shares of company stock worth $400,127 in the last 90 days. Company insiders own 2.40% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Flinton Capital Management LLC lifted its holdings in shares of Xperi by 65.1% during the 2nd quarter. Flinton Capital Management LLC now owns 4,828 shares of the semiconductor company’s stock valued at $144,000 after acquiring an additional 1,904 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of Xperi by 68.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,897 shares of the semiconductor company’s stock valued at $146,000 after acquiring an additional 1,997 shares in the last quarter. Pinebridge Investments L.P. lifted its holdings in shares of Xperi by 1.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 6,515 shares of the semiconductor company’s stock valued at $194,000 after acquiring an additional 116 shares in the last quarter. Ramsey Quantitative Systems acquired a new position in shares of Xperi during the 2nd quarter valued at $276,000. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of Xperi during the 2nd quarter valued at $319,000.
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Xperi Company Profile
Tessera Holding Corporation is a product and technology licensing company. The Company’s technologies and intellectual property are deployed, in areas, such as audio, computational imaging, computer vision, mobile computing and communications, memory, data storage, three dimensional (3D) semiconductor interconnect and packaging.
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