Xperi (XPER) Projected to Post Earnings on Wednesday

Xperi (NASDAQ:XPER) is anticipated to issue its results after the market closes on Wednesday, February 25th. Analysts expect the company to announce earnings of $0.29 per share and revenue of $114.0270 million for the quarter.

Xperi Price Performance

Shares of Xperi stock opened at $5.49 on Monday. The firm has a fifty day moving average price of $5.82 and a 200 day moving average price of $6.10. The stock has a market cap of $254.24 million, a PE ratio of -2.89 and a beta of 1.31. Xperi has a 1 year low of $5.07 and a 1 year high of $9.25.

Wall Street Analysts Forecast Growth

Several research firms recently commented on XPER. BWS Financial reaffirmed a “buy” rating and issued a $12.00 price target on shares of Xperi in a report on Tuesday, January 13th. Rosenblatt Securities reiterated a “buy” rating and set a $10.00 target price on shares of Xperi in a research report on Thursday, November 6th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Xperi presently has a consensus rating of “Buy” and a consensus target price of $11.00.

Institutional Trading of Xperi

Several institutional investors have recently made changes to their positions in XPER. Quantbot Technologies LP purchased a new position in shares of Xperi during the 3rd quarter worth $57,000. Cerity Partners LLC purchased a new position in Xperi during the fourth quarter worth about $92,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Xperi during the fourth quarter valued at about $93,000. Zacks Investment Management raised its stake in shares of Xperi by 45.1% in the 3rd quarter. Zacks Investment Management now owns 16,954 shares of the semiconductor company’s stock valued at $110,000 after acquiring an additional 5,266 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Xperi by 331.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 18,686 shares of the semiconductor company’s stock valued at $121,000 after acquiring an additional 14,356 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Xperi Company Profile

Xperi Corporation is a global technology company specializing in the development and licensing of semiconductor packaging, imaging and audio technologies, as well as advanced entertainment and automotive solutions. Through its IP Licensing segment, Xperi grants rights to its portfolio of more than 37,000 patents, covering innovations in wafer-level optics, memory packaging and interconnect that enable smaller, faster and more power-efficient devices. The company’s Product & Technology Solutions segment markets branded offerings such as DTS® audio, TiVo® entertainment platforms and Perceive™ imaging software for consumer electronics, mobile devices, set-top boxes and smart home products.

In the automotive arena, Xperi delivers in-vehicle audio enhancement, 360-degree camera and driver-assist imaging, high-definition radio solutions and connected car software designed to improve safety, comfort and entertainment.