Xperi (NYSE:XPER) Rating Increased to Strong-Buy at Wall Street Zen

Xperi (NYSE:XPER) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

A number of other analysts have also issued reports on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $10.00 price target on shares of Xperi in a research note on Thursday, February 26th. Zacks Research upgraded shares of Xperi from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $11.00.

Xperi Stock Down 1.1%

Shares of NYSE:XPER opened at $7.92 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.36 and a quick ratio of 2.36. The firm has a market capitalization of $382.30 million, a PE ratio of -8.00 and a beta of 1.37. The firm’s 50-day moving average is $6.70 and its two-hundred day moving average is $6.17. Xperi has a 1 year low of $5.07 and a 1 year high of $8.49.

Xperi (NYSE:XPER) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The company had revenue of $114.21 million for the quarter, compared to analyst estimates of $107.90 million. Xperi had a negative net margin of 10.22% and a positive return on equity of 1.09%. Analysts predict that Xperi will post 0.35 EPS for the current year.

Institutional Trading of Xperi

Large investors have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in shares of Xperi during the third quarter worth approximately $57,000. Tactive Advisors LLC purchased a new stake in shares of Xperi during the fourth quarter worth approximately $60,000. Sei Investments Co. acquired a new position in Xperi in the first quarter valued at approximately $58,000. Endeavor Private Wealth Inc. acquired a new position in Xperi in the fourth quarter valued at approximately $69,000. Finally, AlphaQuest LLC boosted its holdings in Xperi by 51.6% in the third quarter. AlphaQuest LLC now owns 14,185 shares of the company’s stock valued at $92,000 after purchasing an additional 4,829 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

About Xperi

Xperi Inc (NYSE: XPER) is a global technology company that develops and licenses audio, imaging and semiconductor packaging solutions. The company was formed in 2016 through the spin-off of Tessera Technologies’ product divisions and expanded its product portfolio in 2019 with the acquisition of TiVo Corporation. Headquartered in San Jose, California, Xperi’s technologies underpin a range of consumer electronics, automotive, mobile and broadcast products around the world.

In its technology licensing segment, Xperi offers a broad portfolio of semiconductor packaging and interconnect solutions designed to improve performance and energy efficiency in chips and devices.