Xperi (NYSE:XPER) Receives “Buy” Rating from BWS Financial

Xperi (NYSE:XPER)‘s stock had its “buy” rating restated by equities researchers at BWS Financial in a research note issued to investors on Monday,Benzinga reports. They currently have a $12.00 price objective on the stock. BWS Financial’s target price would indicate a potential upside of 51.99% from the stock’s previous close.

Several other brokerages have also recently issued reports on XPER. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xperi in a report on Friday, May 29th. Zacks Research upgraded shares of Xperi from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.00 price target on shares of Xperi in a research report on Thursday, February 26th. Finally, Wall Street Zen upgraded Xperi from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $11.00.

Xperi Trading Down 0.6%

XPER traded down $0.04 during trading on Monday, hitting $7.89. 43,972 shares of the stock were exchanged, compared to its average volume of 422,326. The firm has a 50 day simple moving average of $7.31 and a 200 day simple moving average of $6.35. The firm has a market cap of $381.09 million, a price-to-earnings ratio of -7.98 and a beta of 1.45. Xperi has a 1 year low of $5.07 and a 1 year high of $8.49. 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 issued 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 during 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%. As a group, equities analysts expect that Xperi will post 0.35 EPS for the current year.

Institutional Investors Weigh In On Xperi

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in shares of Xperi during the third quarter worth $57,000. Tactive Advisors LLC purchased a new stake in shares of Xperi during the 4th quarter valued at $60,000. Sei Investments Co. acquired a new stake in shares of Xperi in the 1st quarter worth $58,000. Endeavor Private Wealth Inc. purchased a new position in Xperi during the 4th quarter worth $69,000. Finally, Alpine Global Management LLC purchased a new position in Xperi during the 4th quarter worth $89,000. Hedge funds and other institutional investors 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.