Stephens Initiates Coverage on Xperi (NASDAQ:XPER)

Stephens initiated coverage on shares of Xperi (NASDAQ:XPERGet Rating) in a research report sent to investors on Tuesday morning, MarketBeat reports. The brokerage issued an equal weight rating and a $19.00 target price on the semiconductor company’s stock.

A number of other research analysts have also issued reports on the stock. TheStreet upgraded shares of Xperi from a d+ rating to a c- rating in a report on Thursday, April 7th. StockNews.com upgraded shares of Xperi from a buy rating to a strong-buy rating in a report on Friday, May 13th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Xperi has an average rating of Buy and an average price target of $25.00.

Xperi Trading Down 0.1 %

XPER stock opened at $16.63 on Tuesday. The stock has a market capitalization of $1.73 billion, a P/E ratio of -48.91 and a beta of 0.86. Xperi has a 12 month low of $13.39 and a 12 month high of $21.92. The firm has a 50-day moving average price of $15.42 and a 200-day moving average price of $16.18.

Xperi (NASDAQ:XPERGet Rating) last posted its earnings results on Monday, May 9th. The semiconductor company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.43. The firm had revenue of $257.42 million during the quarter, compared to analysts’ expectations of $241.87 million. Xperi had a negative net margin of 3.92% and a positive return on equity of 19.34%. As a group, equities analysts predict that Xperi will post 1.62 EPS for the current fiscal year.

Xperi Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 21st. Stockholders of record on Tuesday, May 31st were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Friday, May 27th. Xperi’s dividend payout ratio (DPR) is -58.82%.

Institutional Trading of Xperi

Several large investors have recently modified their holdings of the stock. US Bancorp DE grew its position in Xperi by 85.6% in the 2nd quarter. US Bancorp DE now owns 2,301 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 1,061 shares during the period. Captrust Financial Advisors grew its position in Xperi by 222.1% in the 1st quarter. Captrust Financial Advisors now owns 3,131 shares of the semiconductor company’s stock valued at $54,000 after purchasing an additional 2,159 shares during the period. Daiwa Securities Group Inc. grew its position in Xperi by 50.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,605 shares of the semiconductor company’s stock valued at $87,000 after purchasing an additional 1,547 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in Xperi in the 1st quarter valued at $88,000. Finally, KBC Group NV acquired a new stake in Xperi in the 2nd quarter valued at $126,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

About Xperi

(Get Rating)

Xperi Holding Corporation, together with its subsidiaries, operates as a consumer and entertainment product/solutions licensing company worldwide. It operates through two segments, Intellectual Property Licensing and Product. The Intellectual Property Licensing segment primarily licenses its innovations to companies in the entertainment industry under the Adeia brand.

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