Xperi (NYSE:XPER) Lowered to Buy Rating by Wall Street Zen

Xperi (NYSE:XPER) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

Other research analysts have also issued reports about the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Xperi in a research note on Friday, May 29th. BWS Financial reiterated a “buy” rating and set a $12.00 price objective on shares of Xperi in a research report on Monday, June 22nd. Finally, Zacks Research upgraded Xperi from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.00.

Xperi Trading Up 2.1%

Shares of XPER opened at $7.57 on Friday. Xperi has a 52-week low of $5.07 and a 52-week high of $8.75. The stock has a market cap of $365.16 million, a PE ratio of -7.64 and a beta of 1.42. The firm’s fifty day moving average is $7.79 and its two-hundred day moving average is $6.68. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.10.

Xperi (NYSE:XPER) last issued its earnings results on Wednesday, May 6th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. The business had revenue of $114.21 million during the quarter, compared to analysts’ expectations of $107.89 million. Xperi had a negative net margin of 10.22% and a positive return on equity of 1.09%. Research analysts forecast that Xperi will post 0.35 earnings per share for the current fiscal year.

Institutional Trading of Xperi

Institutional investors have recently made changes to their positions in the company. Mariner LLC lifted its holdings in Xperi by 2.8% in the third quarter. Mariner LLC now owns 79,360 shares of the company’s stock valued at $514,000 after acquiring an additional 2,195 shares during the last quarter. Invesco Ltd. increased its stake in Xperi by 3.4% during the fourth quarter. Invesco Ltd. now owns 72,959 shares of the company’s stock worth $428,000 after acquiring an additional 2,397 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Xperi by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 393,636 shares of the company’s stock valued at $2,307,000 after purchasing an additional 4,156 shares during the period. Raymond James Financial Inc. raised its position in Xperi by 6.6% in the third quarter. Raymond James Financial Inc. now owns 80,819 shares of the company’s stock valued at $524,000 after purchasing an additional 5,023 shares during the period. Finally, Zacks Investment Management lifted its stake in shares of Xperi by 45.1% in the 3rd quarter. Zacks Investment Management now owns 16,954 shares of the company’s stock valued at $110,000 after purchasing an additional 5,266 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Xperi Company Profile

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.