Xperi (NASDAQ:XPER) Downgraded by StockNews.com

StockNews.com downgraded shares of Xperi (NASDAQ:XPERGet Rating) from a strong-buy rating to a buy rating in a report released on Tuesday.

A number of other equities analysts have also recently weighed in on XPER. TheStreet raised shares of Xperi from a d+ rating to a c- rating in a research note on Thursday, April 7th. Stephens began coverage on shares of Xperi in a research note on Tuesday. They issued an equal weight rating and a $19.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Xperi presently has an average rating of Buy and an average price target of $25.00.

Xperi Stock Performance

Shares of XPER opened at $16.63 on Tuesday. The stock has a market capitalization of $1.73 billion, a P/E ratio of -48.91 and a beta of 0.86. The company’s fifty day moving average is $15.42 and its two-hundred day moving average is $16.18. Xperi has a 1 year low of $13.39 and a 1 year high of $21.92.

Xperi (NASDAQ:XPERGet Rating) last announced its quarterly earnings data on Monday, May 9th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.43. The company had revenue of $257.42 million for the quarter, compared to analysts’ expectations of $241.87 million. Xperi had a negative net margin of 3.92% and a positive return on equity of 19.34%. Sell-side analysts predict that Xperi will post 1.62 EPS for the current year.

Xperi Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 21st. Stockholders of record on Tuesday, May 31st were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Friday, May 27th. Xperi’s dividend payout ratio (DPR) is presently -58.82%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Xperi in the 2nd quarter valued at approximately $220,000. Jackson Creek Investment Advisors LLC acquired a new position in shares of Xperi in the 2nd quarter valued at approximately $1,031,000. Assetmark Inc. grew its position in shares of Xperi by 117.3% in the 2nd quarter. Assetmark Inc. now owns 58,184 shares of the semiconductor company’s stock valued at $840,000 after purchasing an additional 31,414 shares during the period. US Bancorp DE boosted its position in Xperi by 85.6% during the 2nd quarter. US Bancorp DE now owns 2,301 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 1,061 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its stake in Xperi by 7.0% in the second quarter. New York State Teachers Retirement System now owns 149,868 shares of the semiconductor company’s stock valued at $2,163,000 after acquiring an additional 9,840 shares during the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

About Xperi

(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.

Further Reading

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