Craig Hallum Cuts Xperi (XPER) Price Target to $20.00

Xperi (NASDAQ:XPER) had its price objective cut by Craig Hallum from $25.00 to $20.00 in a research note issued to investors on Thursday morning, The Fly reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other brokerages have also recently issued reports on XPER. BidaskClub raised shares of Xperi from a sell rating to a hold rating in a report on Wednesday, July 11th. B. Riley assumed coverage on shares of Xperi in a report on Thursday, July 19th. They set a buy rating and a $26.00 target price on the stock. Royal Bank of Canada reissued a buy rating and set a $22.00 target price on shares of Xperi in a report on Thursday, August 9th. ValuEngine raised shares of Xperi from a strong sell rating to a sell rating in a report on Wednesday, August 8th. Finally, National Securities assumed coverage on shares of Xperi in a report on Thursday, September 6th. They set a buy rating and a $31.00 target price on the stock. Two analysts have rated the stock with a sell rating and five have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $27.80.

XPER stock traded down $0.34 during midday trading on Thursday, reaching $14.16. 348,600 shares of the company’s stock traded hands, compared to its average volume of 409,911. The company has a debt-to-equity ratio of 0.84, a current ratio of 7.92 and a quick ratio of 7.92. Xperi has a 52 week low of $12.08 and a 52 week high of $28.33. The stock has a market capitalization of $676.56 million, a price-to-earnings ratio of 10.34 and a beta of 0.67.

Xperi (NASDAQ:XPER) last issued its earnings results on Wednesday, November 7th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.15). Xperi had a negative net margin of 19.66% and a negative return on equity of 2.09%. The business had revenue of $100.59 million for the quarter, compared to the consensus estimate of $98.50 million. Equities research analysts anticipate that Xperi will post 2.05 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Wednesday, November 28th will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, November 27th. This represents a $0.80 dividend on an annualized basis and a yield of 5.65%. Xperi’s payout ratio is 58.39%.

Institutional investors have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Xperi in the second quarter worth $167,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Xperi in the third quarter worth $174,000. Xact Kapitalforvaltning AB bought a new position in shares of Xperi in the third quarter worth $178,000. BlueMountain Capital Management LLC increased its holdings in shares of Xperi by 70.3% in the second quarter. BlueMountain Capital Management LLC now owns 15,131 shares of the semiconductor company’s stock worth $244,000 after purchasing an additional 6,244 shares during the period. Finally, UBS Group AG increased its holdings in shares of Xperi by 42.4% in the first quarter. UBS Group AG now owns 15,137 shares of the semiconductor company’s stock worth $320,000 after purchasing an additional 4,509 shares during the period. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

About Xperi

Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, South Korea, Taiwan, Japan, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.

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