Zacks Investment Research lowered shares of Xperi (NASDAQ:XPER) from a strong-buy rating to a hold rating in a report issued on Sunday morning, Zacks.com reports.

According to Zacks, “Xperi Corp. is a product and technology licensing company which manufactures semiconductors and related products. Its technologies and intellectual property are deployed, in areas such as premium audio, computational imaging, computer vision, mobile computing and communications, memory, data storage, 3D semiconductor interconnect and packaging. Xperi Corporation, formerly known as Tessera Holding Corporation, is headquartered in San Jose, CA. “

Other analysts have also issued research reports about the company. BidaskClub raised Zai Lab from a buy rating to a strong-buy rating in a research report on Friday, June 28th. B. Riley reissued a buy rating on shares of RumbleON in a research report on Tuesday, July 2nd. National Securities reissued a buy rating and issued a $35.00 target price on shares of Calyxt in a research report on Thursday, May 9th. Royal Bank of Canada boosted their target price on NVIDIA to $200.00 and gave the company an outperform rating in a research report on Monday, May 13th. Finally, ValuEngine lowered Zymeworks from a buy rating to a hold rating in a research report on Saturday, May 18th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Xperi currently has a consensus rating of Hold and a consensus price target of $31.00.

Shares of NASDAQ XPER opened at $21.04 on Friday. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 8.48 and a beta of 0.36. The company has a current ratio of 8.46, a quick ratio of 8.46 and a debt-to-equity ratio of 0.76. Xperi has a 52-week low of $12.08 and a 52-week high of $25.84. The firm has a 50 day moving average price of $20.49.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, May 28th. This represents a $0.80 annualized dividend and a dividend yield of 3.80%. Xperi’s dividend payout ratio (DPR) is 32.26%.

Large investors have recently bought and sold shares of the business. Investors Research Corp acquired a new position in shares of Xperi in the first quarter worth $26,000. Penserra Capital Management LLC grew its stake in shares of Xperi by 50.0% in the first quarter. Penserra Capital Management LLC now owns 2,478 shares of the semiconductor company’s stock worth $57,000 after acquiring an additional 826 shares in the last quarter. Meeder Asset Management Inc. grew its stake in shares of Xperi by 346.7% in the first quarter. Meeder Asset Management Inc. now owns 5,696 shares of the semiconductor company’s stock worth $133,000 after acquiring an additional 4,421 shares in the last quarter. Quantamental Technologies LLC grew its stake in shares of Xperi by 79.5% in the first quarter. Quantamental Technologies LLC now owns 6,428 shares of the semiconductor company’s stock worth $150,000 after acquiring an additional 2,846 shares in the last quarter. Finally, Alambic Investment Management L.P. acquired a new position in shares of Xperi in the first quarter worth $227,000. Institutional investors and hedge funds own 96.91% 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.

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