Xperi (NYSE:XPER) Rating Lowered to “Buy” at Wall Street Zen

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

Other analysts have also issued research reports about the company. Zacks Research raised Xperi from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. 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, Weiss Ratings reissued a “sell (d-)” rating on shares of Xperi in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Xperi currently has a consensus rating of “Hold” and an average target price of $11.00.

Xperi Trading Down 0.1%

Shares of Xperi stock opened at $7.57 on Friday. Xperi has a 1 year low of $5.07 and a 1 year high of $8.75. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.36 and a quick ratio of 2.36. The business has a 50 day moving average price of $7.79 and a 200 day moving average price of $6.69. The company has a market capitalization of $365.17 million, a P/E ratio of -7.64 and a beta of 1.42.

Xperi (NYSE:XPER) last announced 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 firm had revenue of $114.21 million for the quarter, compared to analysts’ expectations of $107.89 million. Xperi had a positive return on equity of 1.09% and a negative net margin of 10.22%. Sell-side analysts anticipate that Xperi will post 0.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Xperi

A number of institutional investors have recently bought and sold shares of XPER. Segall Bryant & Hamill LLC purchased a new position in Xperi during the first quarter worth approximately $2,313,000. Bank of America Corp DE grew its stake in shares of Xperi by 39.1% during the 1st quarter. Bank of America Corp DE now owns 271,139 shares of the company’s stock valued at $1,518,000 after buying an additional 76,150 shares during the period. Quantinno Capital Management LP grew its stake in shares of Xperi by 216.5% during the 1st quarter. Quantinno Capital Management LP now owns 81,972 shares of the company’s stock valued at $459,000 after buying an additional 56,074 shares during the period. Sei Investments Co. acquired a new stake in shares of Xperi during the 1st quarter worth $58,000. Finally, Hsbc Holdings PLC increased its holdings in shares of Xperi by 20.4% during the 1st quarter. Hsbc Holdings PLC now owns 67,379 shares of the company’s stock worth $377,000 after buying an additional 11,419 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

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.