Xperi (XPER) Projected to Post Quarterly Earnings on Wednesday

Xperi (NASDAQ:XPER) will likely be releasing its results after the market closes on Wednesday, February 25th. Analysts expect Xperi to post earnings of $0.29 per share and revenue of $114.0270 million for the quarter.

Xperi Price Performance

Xperi stock opened at $5.37 on Wednesday. The firm has a market cap of $248.59 million, a PE ratio of -2.82 and a beta of 1.31. Xperi has a one year low of $5.07 and a one year high of $9.25. The stock’s fifty day moving average price is $5.87 and its two-hundred day moving average price is $6.11.

Hedge Funds Weigh In On Xperi

Large investors have recently bought and sold shares of the stock. AQR Capital Management LLC boosted its stake in shares of Xperi by 15.7% in the 4th quarter. AQR Capital Management LLC now owns 224,990 shares of the semiconductor company’s stock worth $1,318,000 after buying an additional 30,484 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Xperi by 69.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 63,078 shares of the semiconductor company’s stock worth $370,000 after acquiring an additional 25,836 shares during the last quarter. ExodusPoint Capital Management LP raised its position in shares of Xperi by 32.2% in the fourth quarter. ExodusPoint Capital Management LP now owns 125,239 shares of the semiconductor company’s stock valued at $734,000 after purchasing an additional 30,530 shares during the period. Barclays PLC lifted its stake in shares of Xperi by 22.2% during the 4th quarter. Barclays PLC now owns 83,178 shares of the semiconductor company’s stock valued at $487,000 after buying an additional 15,128 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Xperi during the 4th quarter valued at approximately $434,000. 94.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

XPER has been the topic of several analyst reports. BWS Financial reiterated a “buy” rating and set a $12.00 price target on shares of Xperi in a research report on Tuesday, January 13th. Rosenblatt Securities restated a “buy” rating and set a $10.00 price target on shares of Xperi in a report on Thursday, November 6th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $11.00.

Xperi Company Profile

Xperi Corporation is a global technology company specializing in the development and licensing of semiconductor packaging, imaging and audio technologies, as well as advanced entertainment and automotive solutions. Through its IP Licensing segment, Xperi grants rights to its portfolio of more than 37,000 patents, covering innovations in wafer-level optics, memory packaging and interconnect that enable smaller, faster and more power-efficient devices. The company’s Product & Technology Solutions segment markets branded offerings such as DTS® audio, TiVo® entertainment platforms and Perceive™ imaging software for consumer electronics, mobile devices, set-top boxes and smart home products.

In the automotive arena, Xperi delivers in-vehicle audio enhancement, 360-degree camera and driver-assist imaging, high-definition radio solutions and connected car software designed to improve safety, comfort and entertainment.