BlackRock Fund Advisors 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 3.36% to 15.62 million shares with purchase of 0.51 million shares. This fresh investment now brings its stake to 13.58% valued currently at $287.95 million. In addition, Columbia Management Investment Ad.. raised its holdings by 0.82 million to 12.0 million shares. And SSgA Funds Management, Inc. has lifted its position by 3.40% or 0.12 million shares – to 3.65 million shares.
With over 1.31 million Xperi Holding Corporation (XPER) shares trading Tuesday and a closing price of $12.04 on the day, the dollar volume was approximately $15.81 million. The shares have shown a negative weekly performance of -9.20% and its price on 09/01/20 lost nearly -3.91%. Currently, there are 108.47M common shares owned by the public and among those 106.77M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for XPER have a consensus price objective of $24.80. The analysts have set the share’s price value over the next 12 months at a high of $33.00 and a low of $20.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Xperi Holding Corporation stock is 1.80 for the next 12 months. But an upside of 63.52% will see the stock hit the forecast high price target while mean target price for the stock is $24.00.
Insiders at the company have transacted a total of 62 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 35 of these insider trades were purchases, accounting for 1,619,101 shares. Insider sales of the common stock occurred on 27 occasions, with total insider shares sold totaling 1,154,954 shares.
The top 3 mutual fund holders in Xperi Holding Corporation are iShares Core S&P Small Cap ETF, Columbia Seligman Communications, and Vanguard Total Stock Market Index. iShares Core S&P Small Cap ETF owns 7.12 million shares of the company’s stock, all valued at over $131.26 million. Columbia Seligman Communications bought 52700.0 shares to see its total holdings expand to 6.42 million shares valued at over $118.31 million and representing 5.58% of the shares outstanding. Vanguard Total Stock Market Index sold 4916.0 shares to bring its total holdings to over 2.93 million shares at a value of $54.08 million. Vanguard Total Stock Market Index now owns shares totaling to 2.55% of the shares outstanding.
Shares of Xperi Holding Corporation (NASDAQ: XPER) opened at $12.50, down -$0.03 from a prior closing price of $12.53. However, the script later closed the day at $12.04, down -3.91%. The company’s stock has a 5-day price change of -9.20% and -12.31% over the past three months. XPER shares are trading -34.92% year to date (YTD), with the 12-month market performance down to -34.64% lower. It has a 12-month low price of $9.01 and touched a high of $21.71 over the same period. Currently, 1.31 million shares have been traded, compared to an average intraday trading volume of 1.04 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -17.27%, -19.11%, and -24.03% respectively.
Institutional ownership of Xperi Holding Corporation (NASDAQ: XPER) shares accounts for 88.50% of the company’s 108.47M shares outstanding. Mutual fund holders own 33.89%, while other institutional holders and individual stakeholders account for 50.38% and 1.06% respectively.
It has a market capitalization of $1.32B and a beta (3y monthly) value of 0.37. The earnings-per-share (ttm) stands at -$0.64. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.79% over the week and 4.65% over the month.
Analysts forecast that Xperi Holding Corporation (XPER) will achieve an EPS of $0.2 for the current quarter, $0.29 for the next quarter and $1.65 for 2021. The lowest estimate earnings-per-share for the quarter is $0.12 while analysts give the company a high EPS estimate of $0.26. Comparatively, EPS for the current quarter was $0.57 a year ago. Earnings per share for the fiscal year are expected to decrease by -883.20%, and -11.29% 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 5 brokerage firm advisors rate Xperi Holding Corporation (XPER) as a “Strong Buy” at a consensus score of 1.80. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 0 of the 5 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. BWS Financial stated their Buy rating for the stock in a research note on August 24, 2020, with the firm’s price target at $26. Sidoti coverage for the Xperi Holding Corporation (XPER) stock in a research note released on July 13, 2020 offered a Buy rating with a price target of. RBC Capital Mkts was of a view on May 13, 2019 that the stock is Outperform, while National Securities gave the stock Buy rating on September 06, 2018, issuing a price target of. B. Riley FBR Inc. on their part issued Buy rating on July 19, 2018.