Xperi Corp (NASDAQ:XPER) reached a new 52-week low on Wednesday . The stock traded as low as $14.20 and last traded at $14.20, with a volume of 365196 shares. The stock had previously closed at $14.75.

Several equities research analysts recently weighed in on the stock. ValuEngine cut shares of Xperi from a “sell” rating to a “strong sell” rating in a research report on Monday, June 11th. Royal Bank of Canada reaffirmed a “buy” rating and set a $22.00 price objective 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 Tuesday, June 19th. Craig Hallum set a $25.00 price objective on shares of Xperi and gave the stock a “buy” rating in a research report on Thursday, August 9th. Finally, B. Riley assumed coverage on shares of Xperi in a research report on Thursday, July 19th. They set a “buy” rating and a $26.00 price objective for the company. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $28.80.

The company has a quick ratio of 7.92, a current ratio of 7.92 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $731.54 million, a P/E ratio of 10.77 and a beta of 0.52.

Xperi (NASDAQ:XPER) last issued its earnings results on Wednesday, August 8th. The semiconductor company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.18). The business had revenue of $100.69 million for the quarter, compared to analyst estimates of $101.00 million. Xperi had a positive return on equity of 5.68% and a negative net margin of 19.66%. equities research analysts anticipate that Xperi Corp will post 2.05 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 6th. Shareholders of record on Thursday, August 16th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.63%. The ex-dividend date was Wednesday, August 15th. Xperi’s payout ratio is 58.39%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp raised its stake in Xperi by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 877,385 shares of the semiconductor company’s stock worth $14,125,000 after acquiring an additional 22,160 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Xperi by 133.5% during the second quarter. Advisors Asset Management Inc. now owns 382,419 shares of the semiconductor company’s stock worth $6,157,000 after acquiring an additional 218,646 shares in the last quarter. WINTON GROUP Ltd acquired a new position in Xperi during the second quarter worth about $2,537,000. Glenmede Trust Co. NA raised its stake in Xperi by 4.0% during the second quarter. Glenmede Trust Co. NA now owns 1,434,112 shares of the semiconductor company’s stock worth $23,089,000 after acquiring an additional 55,463 shares in the last quarter. Finally, BlueMountain Capital Management LLC raised its stake in Xperi by 70.3% during the second quarter. BlueMountain Capital Management LLC now owns 15,131 shares of the semiconductor company’s stock worth $244,000 after acquiring an additional 6,244 shares in the last quarter. 98.21% of the stock is owned by hedge funds and other institutional investors.

About Xperi (NASDAQ:XPER)

Xperi Corp. is a product and technology licensing company, which manufactures semiconductors and related products. It operates through Product Licensing and Semiconductor and IP Licensing segments. The Product Licensing segment is comprised of Audio and Imaging businesses of the company, which it licenses through the brands DTS, HD Radio and FotoNation.

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