Xperi’s (XPER) Buy Rating Reaffirmed at BWS Financial

Xperi (NYSE:XPER)‘s stock had its “buy” rating reiterated by equities researchers at BWS Financial in a research report issued on Monday,Benzinga reports. They currently have a $12.00 target price on the stock. BWS Financial’s target price indicates a potential upside of 51.99% from the company’s current price.

Several other equities research analysts also recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xperi in a research note on Friday, May 29th. Rosenblatt Securities reissued a “buy” rating and issued a $10.00 target price on shares of Xperi in a research report on Thursday, February 26th. Zacks Research upgraded Xperi from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Wall Street Zen raised Xperi from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. 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 stock. Based on data from MarketBeat.com, Xperi presently has an average rating of “Hold” and a consensus price target of $11.00.

Xperi Stock Down 0.6%

Shares of XPER traded down $0.04 during mid-day trading on Monday, hitting $7.89. 43,972 shares of the company traded hands, compared to its average volume of 422,326. The company has a market capitalization of $381.09 million, a PE ratio of -7.98 and a beta of 1.45. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average of $7.31 and a 200 day moving average of $6.35. Xperi has a 1-year low of $5.07 and a 1-year high of $8.49.

Xperi (NYSE:XPER) last released its earnings results on Wednesday, May 6th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The company had revenue of $114.21 million during the quarter, compared to analysts’ expectations 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 anticipate that Xperi will post 0.35 EPS for the current year.

Institutional Trading of Xperi

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

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.