Xperi (XPER) Releases Q4 Earnings Guidance

Xperi (NASDAQ:XPER) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.60-0.70 for the period, compared to the Thomson Reuters consensus estimate of $0.34. The company issued revenue guidance of $115-125 million, compared to the consensus revenue estimate of $99.00 million.

A number of research firms have recently commented on XPER. BidaskClub upgraded Xperi from a sell rating to a hold rating in a research report on Thursday, December 7th. Bank of America downgraded Xperi from a buy rating to a neutral rating in a research report on Friday, November 3rd. Finally, Zacks Investment Research upgraded Xperi from a strong sell rating to a hold rating in a research report on Thursday, September 28th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Xperi has an average rating of Hold and a consensus price target of $53.00.

Shares of Xperi (NASDAQ:XPER) opened at $23.60 on Monday. The stock has a market capitalization of $1,163.81, a price-to-earnings ratio of 33.24, a P/E/G ratio of 1.05 and a beta of 0.73. Xperi has a 52-week low of $16.70 and a 52-week high of $45.95. The company has a debt-to-equity ratio of 1.32, a current ratio of 3.15 and a quick ratio of 3.15.

Xperi (NASDAQ:XPER) last issued its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.06). The company had revenue of $88.50 million during the quarter, compared to the consensus estimate of $94.20 million. Xperi had a positive return on equity of 8.10% and a negative net margin of 22.54%. The business’s revenue was up 41.8% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 22nd were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $0.80 dividend on an annualized basis and a yield of 3.39%. Xperi’s payout ratio is -55.56%.

In other Xperi news, Director George Andrew Riedel bought 3,000 shares of Xperi stock in a transaction on Monday, November 27th. The shares were acquired at an average price of $19.58 per share, for a total transaction of $58,740.00. Following the completion of the purchase, the director now directly owns 24,527 shares in the company, valued at approximately $480,238.66. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard Hill bought 10,000 shares of Xperi stock in a transaction on Friday, December 1st. The stock was acquired at an average price of $18.75 per share, for a total transaction of $187,500.00. Following the purchase, the director now owns 60,854 shares of the company’s stock, valued at $1,141,012.50. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 21,388 shares of company stock worth $400,127. Insiders own 2.40% of the company’s stock.

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About Xperi

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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