Xperi (NYSE:XPER) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of Xperi (NYSE:XPER) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday.

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

Xperi Stock Performance

Shares of XPER stock opened at $7.63 on Friday. Xperi has a 52 week low of $5.07 and a 52 week high of $8.75. The company has a market capitalization of $368.54 million, a price-to-earnings ratio of -7.71 and a beta of 1.42. The company has a 50-day simple moving average of $7.79 and a 200 day simple moving average of $6.70. 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 released its quarterly earnings results on Wednesday, May 6th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate 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 negative net margin of 10.22% and a positive return on equity of 1.09%. On average, sell-side analysts predict that Xperi will post 0.35 earnings per share for the current year.

Institutional Investors Weigh In On Xperi

Large investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new position in Xperi in the 3rd quarter valued at $57,000. Sei Investments Co. acquired a new stake in shares of Xperi during the 1st quarter worth $58,000. Endeavor Private Wealth Inc. bought a new position in shares of Xperi in the fourth quarter worth $69,000. Alpine Global Management LLC bought a new position in shares of Xperi in the fourth quarter worth $89,000. Finally, Tactive Advisors LLC increased its position in shares of 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 purchasing an additional 6,055 shares during the period. 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.