Xperi (NYSE:XPER) Downgraded by Zacks Research to Strong Sell

Zacks Research downgraded shares of Xperi (NYSE:XPER) from a hold rating to a strong sell rating in a research report report published on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Xperi in a report on Monday, December 29th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Xperi Stock Performance

Xperi stock traded down $0.12 during mid-day trading on Tuesday, hitting $6.27. 493,988 shares of the company’s stock traded hands, compared to its average volume of 439,686. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.42 and a quick ratio of 2.42. The firm has a 50 day simple moving average of $5.81 and a two-hundred day simple moving average of $6.09. Xperi has a fifty-two week low of $5.07 and a fifty-two week high of $8.50. The stock has a market cap of $294.50 million, a price-to-earnings ratio of -5.10 and a beta of 1.24.

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.