Shares of Xperi Corp (NASDAQ:XPER) hit a new 52-week low on Thursday . The stock traded as low as $13.55 and last traded at $13.74, with a volume of 11091 shares traded. The stock had previously closed at $13.99.

XPER has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $22.00 price target on shares of Xperi in a research note on Thursday, August 9th. BidaskClub cut Xperi from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 19th. Craig Hallum set a $25.00 price target on Xperi and gave the company a “buy” rating in a research note on Thursday, August 9th. ValuEngine raised Xperi from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 8th. Finally, B. Riley initiated coverage on Xperi in a research note on Thursday, July 19th. They issued a “buy” rating and a $26.00 price target for the company. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $28.80.

The company has a quick ratio of 7.92, a current ratio of 7.92 and a debt-to-equity ratio of 0.84. The company has a market cap of $729.09 million, a P/E ratio of 9.83 and a beta of 0.51.

Xperi (NASDAQ:XPER) last issued its quarterly earnings data on Wednesday, August 8th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.18). Xperi had a negative net margin of 19.66% and a negative return on equity of 2.09%. The business had revenue of $100.69 million during the quarter, compared to analyst estimates of $101.00 million. On average, equities analysts predict that Xperi Corp will post 2.05 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Rhumbline Advisers grew its position in shares of Xperi by 3.8% in the 2nd quarter. Rhumbline Advisers now owns 118,519 shares of the semiconductor company’s stock valued at $1,908,000 after purchasing an additional 4,384 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Xperi during the 2nd quarter worth approximately $167,000. BlueMountain Capital Management LLC boosted its position in Xperi by 70.3% during the 2nd quarter. BlueMountain Capital Management LLC now owns 15,131 shares of the semiconductor company’s stock worth $244,000 after acquiring an additional 6,244 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Xperi by 66.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,134,372 shares of the semiconductor company’s stock worth $18,255,000 after acquiring an additional 452,259 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its position in Xperi by 55.9% during the 1st quarter. Guggenheim Capital LLC now owns 71,003 shares of the semiconductor company’s stock worth $1,500,000 after acquiring an additional 25,464 shares during the last quarter. Institutional investors and hedge funds own 98.21% of the company’s stock.

Xperi Company Profile (NASDAQ:XPER)

Xperi Corp. is a product and technology licensing company, which manufactures semiconductors and related products. It operates through Product Licensing and Semiconductor and IP Licensing segments. The Product Licensing segment is comprised of Audio and Imaging businesses of the company, which it licenses through the brands DTS, HD Radio and FotoNation.

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