Xperi (NYSE:XPER) Given “Buy” Rating at Rosenblatt Securities

Xperi (NYSE:XPER)‘s stock had its “buy” rating reaffirmed by stock analysts at Rosenblatt Securities in a note issued to investors on Thursday,Benzinga reports. They currently have a $10.00 price objective on the stock. Rosenblatt Securities’ price target indicates a potential upside of 27.42% from the stock’s previous close.

A number of other research analysts have also recently weighed in on XPER. Zacks Research raised Xperi from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. BWS Financial reaffirmed a “buy” rating and set a $12.00 price target on shares of Xperi in a report on Monday, June 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Xperi in a research note on Friday, May 29th. Finally, Wall Street Zen cut shares of Xperi from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.00.

Xperi Trading Down 1.3%

Shares of NYSE:XPER opened at $7.85 on Thursday. The stock’s 50-day simple moving average is $7.79 and its two-hundred day simple moving average is $6.78. The stock has a market capitalization of $378.82 million, a price-to-earnings ratio of -7.93 and a beta of 1.43. 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.

Xperi (NYSE:XPER) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.07. Xperi had a negative net margin of 10.22% and a positive return on equity of 1.09%. The company had revenue of $114.49 million for the quarter, compared to the consensus estimate of $112.66 million. Analysts expect that Xperi will post 0.35 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quantbot Technologies LP bought a new position in Xperi during the third quarter valued at $57,000. Sei Investments Co. purchased a new position in Xperi during the first quarter worth $58,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Xperi in the fourth quarter valued at $69,000. Alpine Global Management LLC purchased a new stake in shares of Xperi during the fourth quarter valued at $89,000. Finally, Tactive Advisors LLC lifted its holdings in Xperi by 59.3% during the 1st quarter. Tactive Advisors LLC now owns 16,270 shares of the company’s stock valued at $91,000 after buying an additional 6,055 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

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.