Xperi (NYSE:XPER) Stock Rating Lowered by Zacks Research

Xperi (NYSE:XPER) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Xperi in a research note on Monday. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Xperi Trading Down 1.5%

Shares of XPER stock opened at $5.77 on Thursday. The stock has a market capitalization of $267.32 million, a P/E ratio of 36.06 and a beta of 1.31. The company has a fifty day moving average price of $6.10. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.10. Xperi has a twelve month low of $5.40 and a twelve month high of $10.62.

Xperi (NYSE:XPER) last released its quarterly earnings results on Monday, November 13th. The company reported ($0.22) earnings per share (EPS) for the quarter. Xperi had a negative return on equity of 0.22% and a net margin of 1.53%.The firm had revenue of $121.64 million for the quarter.

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.