Xperi (NYSE:XPER) Earns Buy Rating from Rosenblatt Securities

Xperi (NYSE:XPER)‘s stock had its “buy” rating restated by investment analysts at Rosenblatt Securities in a note issued to investors on Thursday,Benzinga reports. They presently have a $10.00 price objective on the stock. Rosenblatt Securities’ price objective indicates a potential upside of 27.42% from the stock’s current price.

A number of other brokerages also recently issued reports on XPER. BWS Financial reissued a “buy” rating and set a $12.00 price objective on shares of Xperi in a research report on Monday, June 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xperi in a research note on Friday, May 29th. Zacks Research upgraded shares of Xperi from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Wall Street Zen downgraded shares of Xperi from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.00.

Xperi Price Performance

Shares of XPER stock opened at $7.85 on Thursday. The firm has a market cap of $378.82 million, a P/E ratio of -7.93 and a beta of 1.43. Xperi has a fifty-two week low of $5.07 and a fifty-two week high of $8.75. The business’s 50 day moving average price is $7.79 and its 200-day moving average price is $6.78. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.36 and a current ratio of 2.36.

Xperi (NYSE:XPER) last announced its earnings results on Wednesday, August 5th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.07. Xperi had a positive return on equity of 1.09% and a negative net margin of 10.22%.The company had revenue of $114.49 million during the quarter, compared to the consensus estimate of $112.66 million. On average, equities research analysts anticipate that Xperi will post 0.35 earnings per share for the current year.

Institutional Trading of Xperi

Hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new position in Xperi during the 3rd quarter valued at approximately $57,000. Sei Investments Co. bought a new position in shares of Xperi during the first quarter valued at $58,000. Endeavor Private Wealth Inc. bought a new position in Xperi in the 4th quarter worth about $69,000. Alpine Global Management LLC purchased a new stake in Xperi during the 4th quarter valued at about $89,000. Finally, Tactive Advisors LLC raised its holdings in Xperi by 59.3% in the first quarter. Tactive Advisors LLC now owns 16,270 shares of the company’s stock worth $91,000 after buying an additional 6,055 shares during the last quarter. 94.28% of the stock is owned by 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.