Xperi (XPER) Projected to Post Earnings on Wednesday

Xperi (NASDAQ:XPER) will likely be releasing its earnings data after the market closes on Wednesday, August 6th. Analysts expect Xperi to post earnings of $0.19 per share and revenue of $116.41 million for the quarter.

Xperi Trading Down 3.4%

NASDAQ:XPER opened at $5.82 on Monday. Xperi has a 1-year low of $5.72 and a 1-year high of $11.07. The firm has a fifty day simple moving average of $7.69 and a 200 day simple moving average of $7.90. The stock has a market capitalization of $264.69 million, a PE ratio of -3.06 and a beta of 1.28.

Hedge Funds Weigh In On Xperi

An institutional investor recently raised its position in Xperi stock. AQR Capital Management LLC boosted its stake in shares of Xperi Inc. (NASDAQ:XPER) by 285.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,375 shares of the semiconductor company’s stock after purchasing an additional 46,186 shares during the quarter. AQR Capital Management LLC owned about 0.14% of Xperi worth $482,000 at the end of the most recent reporting period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XPER has been the subject of several analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 target price on shares of Xperi in a research note on Tuesday, July 29th. BWS Financial cut shares of Xperi from a “strong-buy” rating to a “moderate buy” rating and decreased their target price for the company from $30.00 to $12.00 in a research note on Tuesday, July 29th. Finally, Wall Street Zen raised shares of Xperi from a “hold” rating to a “buy” rating in a research note on Saturday, May 17th.

Xperi Company Profile

Xperi Inc operates as a consumer and entertainment technology company worldwide. It offers Pay-TV solutions, including UX solutions that allows service providers to customize elements of the interactive program guide for their customers and to upgrade the programming features and services; IPTV, a cloud-based solution that supports various services and applications, such as TV programming, broadband OTT video content, digital music, photos, and other media experiences; managed IPTV service; video metadata and services; managed IPTV Service, a customizable, cloud-enabled, and end-to-end streaming video solution that enables operators to quickly launch a branded, fully compliant, full-featured Pay-TV service; metadata libraries comprising television, sports, movies, digital-first, celebrities, books, and video games; personalized content discovery, natural language voice, and insights; and TiVo DVR subscriptions, as well as technical support service.