BidaskClub lowered shares of Xperi (NASDAQ:XPER) from a hold rating to a sell rating in a report issued on Thursday morning, BidAskClub reports.

XPER has been the subject of several other reports. Zacks Investment Research lowered shares of Xperi from a hold rating to a strong sell rating in a research note on Saturday, March 2nd. National Securities reissued a buy rating and set a $36.00 target price on shares of Xperi in a research note on Thursday, May 9th. Craig Hallum increased their target price on shares of Xperi from $28.00 to $32.00 and gave the company a buy rating in a research note on Thursday, February 21st. They noted that the move was a valuation call. Royal Bank of Canada reissued an outperform rating and set a $30.00 target price on shares of Xperi in a research note on Monday, May 13th. Finally, ValuEngine lowered shares of Xperi from a hold rating to a sell rating in a research note on Saturday, May 18th. Two research analysts have rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $29.60.

XPER stock opened at $21.01 on Thursday. Xperi has a 12 month low of $12.08 and a 12 month high of $25.84. The company has a market cap of $1.03 billion, a P/E ratio of 8.47 and a beta of 0.26. The company has a quick ratio of 8.46, a current ratio of 8.46 and a debt-to-equity ratio of 0.76.

Xperi (NASDAQ:XPER) last released its earnings results on Wednesday, May 8th. The semiconductor company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.49 by $0.13. Xperi had a net margin of 1.92% and a return on equity of 20.08%. The business had revenue of $104.30 million during the quarter, compared to analyst estimates of $104.00 million. Equities analysts predict that Xperi will post 1.97 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend is Tuesday, May 28th. Xperi’s dividend payout ratio is presently 32.26%.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Xperi by 9.0% during the fourth quarter. BlackRock Inc. now owns 7,111,787 shares of the semiconductor company’s stock valued at $130,785,000 after acquiring an additional 590,058 shares during the period. Vanguard Group Inc. raised its holdings in shares of Xperi by 2.6% during the third quarter. Vanguard Group Inc. now owns 5,171,138 shares of the semiconductor company’s stock valued at $76,791,000 after acquiring an additional 128,837 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Xperi by 4.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,450,606 shares of the semiconductor company’s stock valued at $57,344,000 after acquiring an additional 104,860 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Xperi by 62.0% during the third quarter. JPMorgan Chase & Co. now owns 1,966,451 shares of the semiconductor company’s stock valued at $29,203,000 after acquiring an additional 752,622 shares during the period. Finally, Chartwell Investment Partners LLC raised its holdings in shares of Xperi by 6.7% during the fourth quarter. Chartwell Investment Partners LLC now owns 1,533,427 shares of the semiconductor company’s stock valued at $28,200,000 after acquiring an additional 96,440 shares during the period. Institutional investors and hedge funds own 96.94% of the company’s stock.

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.

Further Reading: What is required to own or exchange cryptocurrency?

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.