Xperi (XPER) Upgraded to Sell by ValuEngine

ValuEngine upgraded shares of Xperi (NASDAQ:XPER) from a strong sell rating to a sell rating in a research report released on Thursday morning.

A number of other research analysts have also weighed in on the stock. BidaskClub lowered shares of Xperi from a sell rating to a strong sell rating in a research note on Friday, September 14th. National Securities initiated coverage on shares of Xperi in a research note on Thursday, September 6th. They issued a buy rating and a $31.00 price objective on the stock. Craig Hallum set a $25.00 price objective on shares of Xperi and gave the company a buy rating in a research note on Thursday, August 9th. Royal Bank of Canada reaffirmed a buy rating and issued a $22.00 price objective on shares of Xperi in a research note on Thursday, August 9th. Finally, B. Riley began coverage on shares of Xperi in a research report on Thursday, July 19th. They set a buy rating and a $26.00 price target on the stock. Two analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $27.80.

Shares of Xperi stock traded down $0.34 during trading hours on Thursday, reaching $14.16. The company’s stock had a trading volume of 348,600 shares, compared to its average volume of 409,911. Xperi has a one year low of $12.08 and a one year high of $28.33. The firm has a market capitalization of $676.56 million, a price-to-earnings ratio of 10.34 and a beta of 0.67. The company has a current ratio of 7.92, a quick ratio of 7.92 and a debt-to-equity ratio of 0.84.

Xperi (NASDAQ:XPER) last released its quarterly earnings data on Wednesday, November 7th. The semiconductor company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.15). Xperi had a negative net margin of 19.66% and a negative return on equity of 2.09%. The business had revenue of $100.59 million during the quarter, compared to the consensus estimate of $98.50 million. On average, research analysts forecast that Xperi will post 2.05 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Wednesday, November 28th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date of this dividend is Tuesday, November 27th. Xperi’s payout ratio is currently 58.39%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC lifted its position in shares of Xperi by 4.4% during the third quarter. FMR LLC now owns 548,201 shares of the semiconductor company’s stock valued at $8,141,000 after purchasing an additional 23,301 shares in the last quarter. Seizert Capital Partners LLC bought a new position in shares of Xperi during the third quarter valued at about $344,000. Bank of New York Mellon Corp lifted its position in shares of Xperi by 3.7% during the third quarter. Bank of New York Mellon Corp now owns 909,918 shares of the semiconductor company’s stock valued at $13,512,000 after purchasing an additional 32,533 shares in the last quarter. Chartwell Investment Partners LLC lifted its position in shares of Xperi by 17.3% during the third quarter. Chartwell Investment Partners LLC now owns 1,436,987 shares of the semiconductor company’s stock valued at $21,339,000 after purchasing an additional 211,471 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Xperi by 62.0% during the third quarter. JPMorgan Chase & Co. now owns 1,966,451 shares of the semiconductor company’s stock valued at $29,203,000 after purchasing an additional 752,622 shares in the last quarter. 99.53% of the stock is currently owned by institutional investors.

Xperi Company Profile

Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, South Korea, Taiwan, Japan, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.

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Analyst Recommendations for Xperi (NASDAQ:XPER)

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