Xperi (NASDAQ:XPER) Lifted to “C-” at TheStreet

TheStreet upgraded shares of Xperi (NASDAQ:XPERGet Rating) from a d+ rating to a c- rating in a report published on Thursday, TheStreetRatingsTable reports.

Other research analysts have also issued reports about the stock. BWS Financial upgraded shares of Xperi from a buy rating to a top pick rating in a research note on Monday, January 3rd. Zacks Investment Research downgraded shares of Xperi from a buy rating to a hold rating in a report on Saturday, January 8th. Finally, StockNews.com initiated coverage on shares of Xperi in a report on Thursday, March 31st. They issued a buy rating for the company. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Buy and a consensus target price of $26.50.

Xperi stock opened at $15.90 on Thursday. Xperi has a 1-year low of $15.72 and a 1-year high of $22.81. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of -30.00 and a beta of 0.76. The firm has a 50 day simple moving average of $16.82 and a 200 day simple moving average of $18.01.

Xperi (NASDAQ:XPERGet Rating) last released its quarterly earnings data on Wednesday, February 23rd. The semiconductor company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.08). Xperi had a negative net margin of 6.32% and a positive return on equity of 16.45%. The business had revenue of $214.45 million during the quarter, compared to analysts’ expectations of $221.50 million. During the same quarter in the prior year, the firm posted $1.68 earnings per share. Equities research analysts anticipate that Xperi will post 1.63 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 30th. Stockholders of record on Wednesday, March 16th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Tuesday, March 15th. Xperi’s dividend payout ratio is currently -37.74%.

Several hedge funds and other institutional investors have recently bought and sold shares of XPER. Daiwa Securities Group Inc. bought a new stake in Xperi in the third quarter worth $58,000. Macquarie Group Ltd. lifted its stake in Xperi by 156.2% in the third quarter. Macquarie Group Ltd. now owns 4,347 shares of the semiconductor company’s stock worth $82,000 after purchasing an additional 2,650 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Xperi in the third quarter worth $90,000. Bbva USA lifted its stake in Xperi by 22.9% in the third quarter. Bbva USA now owns 8,471 shares of the semiconductor company’s stock worth $159,000 after purchasing an additional 1,578 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new stake in Xperi in the fourth quarter worth $165,000. 88.59% of the stock is owned by institutional investors.

Xperi Company Profile (Get Rating)

Xperi Holding Corporation, together with its subsidiaries, operates as a consumer and entertainment product/solutions licensing company worldwide. It operates through two segments, Intellectual Property Licensing and Product. The Intellectual Property Licensing segment primarily licenses its innovations to companies in the entertainment industry under the Adeia brand.

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