Is Xperi Holding Corporation (NASDAQ:XPER) Back In The Buying Zone?

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    The Vanguard Group, Inc. recently announced the acquisition of new stake in Xperi Holding Corporation (NASDAQ:XPER). The institutional investor has increased its shareholding in the Technology company by 1.38% to 5.7 million shares with purchase of 77530.0 shares. This fresh investment now brings its stake to 4.96% valued currently at $78.43 million. In addition, Columbia Management Investment Ad… raised its holdings by 1.2 million to 5.24 million shares. And Renaissance Technologies LLC has lifted its position by 28.66% or 0.59 million shares – to 2.65 million shares.

    With over 0.49 million Xperi Holding Corporation (XPER) shares trading Monday and a closing price of $14.94 on the day, the dollar volume was approximately $7.3 million. The shares have shown a positive weekly performance of 4.55% and its price on 07/06/20 gained nearly 3.89%. Currently, there are 49.95M common shares owned by the public.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for XPER have a consensus price objective of $25.33. The analysts have set the share’s price value over the next 12 months at a high of $35.00 and a low of $20.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Xperi Holding Corporation stock is 2.00 for the next 12 months. The estimated low will see the stock gain 25.3% over that period. But an upside of 57.31% will see the stock hit the forecast high price target while mean target price for the stock is $21.00.

    Insiders at the company have transacted a total of 46 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 19 of these insider trades were purchases, accounting for 1,063,865 shares. Insider sales of the common stock occurred on 27 occasions, with total insider shares sold totaling 1,154,201 shares.

    The top 3 mutual fund holders in Xperi Holding Corporation are Nationwide Small Cap Index Fund, iShares Core S&P Small Cap ETF, and S&P Small Cap 600 Growth ETF. Nationwide Small Cap Index Fund owns 12806.0 shares of the company’s stock, all valued at over $0.0. The company has a total holdings of about 0.00% of the shares outstanding. iShares Core S&P Small Cap ETF bought 2830.0 shares to see its total holdings expand to 6.39 million shares valued at over $0.0 and representing 0.00% of the shares outstanding. S&P Small Cap 600 Growth ETF has total holdings to over 1.27 million shares at a value of $0.0. S&P Small Cap 600 Growth ETF now owns shares totaling to 0.00% of the shares outstanding.

    Shares of Xperi Holding Corporation (NASDAQ: XPER) opened at $14.59, up $0.21 from a prior closing price of $14.38. However, the script later closed the day at $14.94, up 3.89%. The company’s stock has a 5-day price change of 4.55% and 15.46% over the past three months. XPER shares are trading -19.24% year to date (YTD), with the 12-month market performance down to -27.93% lower. It has a 12-month low price of $9.01 and touched a high of $22.38 over the same period. Currently, 0.49 million shares have been traded, compared to an average intraday trading volume of 774.19K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.59%, 4.06%, and -12.09% respectively.

    Institutional ownership of Xperi Holding Corporation (NASDAQ: XPER) shares accounts for 47.20% of the company’s 49.95M shares outstanding. Mutual fund holders own 18.66%, while other institutional holders and individual stakeholders account for 26.03% and 1.15% respectively.

    It has a market capitalization of $1.68B and a beta (3y monthly) value of 0.44. The stock’s earnings-per-share (ttm) stands at -$0.43. The company has a Quick Ratio of 7.20 with the debt-to-equity ratio at 0.59. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.55% over the week and 5.46% over the month.

    Analysts forecast that Xperi Holding Corporation (XPER) will achieve an EPS of $0.44 for the current quarter, $0.6 for the next quarter and $2.76 for 2021. The lowest estimate earnings-per-share for the quarter is $0.33 while analysts give the company a high EPS estimate of $0.56. Comparatively, EPS for the current quarter was $0.68 a year ago. Earnings per share for the fiscal year are expected to decrease by -883.20%, and 7.38% over the next financial year. EPS should grow at an annualized rate of 15.00% over the next five years, compared to -19.20% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate Xperi Holding Corporation (XPER) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 0 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the XPER, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Outperform rating for the stock in a research note on May 13, 2019, with the firm’s price target at $30. National Securities coverage for the Xperi Holding Corporation (XPER) stock in a research note released on September 06, 2018 offered a Buy rating with a price target of . B. Riley FBR Inc. was of a view on July 19, 2018 that the stock is Buy, while RBC Capital Mkts gave the stock Outperform rating on March 05, 2018 $27. The Benchmark Company on their part issued Buy rating on February 14, 2018.

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