Xperi (NYSE:XPER) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of Xperi (NYSE:XPER) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Xperi in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, Xperi has an average rating of “Sell”.

Xperi Trading Down 1.9%

Shares of NYSE XPER opened at $6.27 on Tuesday. The firm has a 50 day moving average price of $5.82 and a two-hundred day moving average price of $6.09. The stock has a market cap of $294.50 million, a P/E ratio of -5.10 and a beta of 1.24. Xperi has a 52-week low of $5.07 and a 52-week high of $8.50. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.42 and a current ratio of 2.42.

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.