Xperi Co. (NASDAQ:XPER)’s share price rose 5% during trading on Monday . The company traded as high as $22.00 and last traded at $21.95. Approximately 964,335 shares changed hands during mid-day trading, an increase of 80% from the average daily volume of 535,383 shares. The stock had previously closed at $20.90.
XPER has been the topic of a number of recent analyst reports. Benchmark restated a “buy” rating and issued a $40.00 price target (down from $53.00) on shares of Xperi in a research report on Wednesday, February 14th. Bank of America lowered shares of Xperi from a “buy” rating to a “neutral” rating in a research report on Friday, November 3rd. BidaskClub lowered shares of Xperi from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Finally, ValuEngine lowered shares of Xperi from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $40.00.
The company has a market capitalization of $1,030.22, a PE ratio of -19.25 and a beta of 0.58. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.54 and a quick ratio of 3.15.
In related news, insider Geir Skaaden bought 3,000 shares of Xperi stock in a transaction dated Tuesday, November 6th. The shares were bought at an average cost of $18.56 per share, for a total transaction of $55,680.00. Following the completion of the transaction, the insider now owns 45,248 shares of the company’s stock, valued at $839,802.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Hill bought 10,000 shares of Xperi stock in a transaction dated Friday, December 1st. The shares were bought at an average price of $18.75 per share, for a total transaction of $187,500.00. Following the completion of the transaction, the director now directly owns 60,854 shares of the company’s stock, valued at approximately $1,141,012.50. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Elkfork Partners LLC acquired a new position in Xperi in the fourth quarter valued at approximately $151,000. MYDA Advisors LLC acquired a new position in Xperi in the fourth quarter valued at approximately $293,000. Aperio Group LLC lifted its holdings in Xperi by 45.4% in the fourth quarter. Aperio Group LLC now owns 12,548 shares of the semiconductor company’s stock valued at $306,000 after buying an additional 3,917 shares during the period. Ellington Management Group LLC acquired a new position in Xperi in the fourth quarter valued at approximately $312,000. Finally, Xact Kapitalforvaltning AB acquired a new position in Xperi in the fourth quarter valued at approximately $319,000.
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Tessera Holding Corporation is a product and technology licensing company. The Company’s technologies and intellectual property are deployed, in areas, such as audio, computational imaging, computer vision, mobile computing and communications, memory, data storage, three dimensional (3D) semiconductor interconnect and packaging.
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