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

Wall Street Zen lowered shares of Xperi (NYSE:XPER) from a strong-buy rating to a buy rating in a report released on Saturday morning.

A number of other equities analysts have also commented on XPER. BWS Financial restated a “buy” rating and issued a $12.00 price target on shares of Xperi in a research report on Monday, June 22nd. Zacks Research raised shares of Xperi from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Xperi in a research note on Friday, May 29th. Two equities research 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $11.00.

Xperi Stock Up 2.1%

Shares of NYSE: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 company has a debt-to-equity ratio of 0.10, a quick ratio of 2.36 and a current ratio of 2.36. The company’s fifty day moving average is $7.79 and its 200-day moving average is $6.68. The company has a market capitalization of $365.16 million, a PE ratio of -7.64 and a beta of 1.42.

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

Institutional Investors Weigh In On Xperi

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new position in shares of Xperi in the third quarter worth about $57,000. Sei Investments Co. bought a new stake in shares of Xperi during the first quarter valued at approximately $58,000. Endeavor Private Wealth Inc. bought a new stake in shares of Xperi during the fourth quarter valued at approximately $69,000. Alpine Global Management LLC acquired a new stake in shares of Xperi in the fourth quarter valued at approximately $89,000. Finally, Cerity Partners LLC acquired a new stake in shares of Xperi in the fourth quarter valued at approximately $92,000. Institutional investors and hedge funds 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.