Xperi Corp (NASDAQ:XPER) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $24.81 and last traded at $24.73, with a volume of 16917 shares traded. The stock had previously closed at $24.16.

XPER has been the topic of several research reports. BidaskClub raised Xperi from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. Zacks Investment Research cut Xperi from a “strong-buy” rating to a “hold” rating and set a $24.00 target price on the stock. in a report on Saturday, February 16th. Craig Hallum lifted their target price on Xperi from $20.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, December 11th. ValuEngine raised Xperi from a “sell” rating to a “hold” rating in a report on Wednesday, December 26th. Finally, B. Riley set a $23.00 target price on Xperi and gave the stock a “buy” rating in a report on Monday, December 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $26.40.

The company has a debt-to-equity ratio of 0.78, a current ratio of 7.34 and a quick ratio of 7.34. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 9.86 and a beta of 0.24.

Xperi (NASDAQ:XPER) last issued its quarterly earnings data on Wednesday, February 20th. The semiconductor company reported $1.00 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.06). Xperi had a positive return on equity of 9.19% and a negative net margin of 0.07%. The company had revenue of $141.80 million for the quarter, compared to the consensus estimate of $143.00 million. On average, equities analysts anticipate that Xperi Corp will post 1.78 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $0.80 annualized dividend and a yield of 3.27%. Xperi’s payout ratio is currently 32.26%.

Hedge funds and other institutional investors have recently modified their holdings of the business. TIAA CREF Investment Management LLC increased its stake in Xperi by 19.5% during the third quarter. TIAA CREF Investment Management LLC now owns 131,652 shares of the semiconductor company’s stock worth $1,955,000 after acquiring an additional 21,484 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Xperi during the fourth quarter valued at approximately $231,000. Arizona State Retirement System boosted its position in shares of Xperi by 4.7% during the fourth quarter. Arizona State Retirement System now owns 74,563 shares of the semiconductor company’s stock valued at $1,371,000 after buying an additional 3,341 shares during the period. First Trust Advisors LP boosted its position in shares of Xperi by 155.5% during the third quarter. First Trust Advisors LP now owns 80,147 shares of the semiconductor company’s stock valued at $1,190,000 after buying an additional 48,775 shares during the period. Finally, Inlet Private Wealth LLC purchased a new position in shares of Xperi during the fourth quarter valued at approximately $3,409,000. 99.41% of the stock is currently owned by institutional investors.

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Xperi Company Profile (NASDAQ:XPER)

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.

Further Reading: SEC Filing

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