Xperi (NYSE:XPER) Upgraded by Zacks Research to "Strong-Buy" Rating

Key Points

• Xperi has been upgraded from a "hold" to a "strong-buy" rating by Zacks Research, indicating increased confidence in the stock's performance.
• Despite the rating upgrade, shares of Xperi are currently down 2.6%, trading at $6.01 after a decrease.
• Xperi reported quarterly earnings that met expectations, with a revenue of $105.93 million, slightly below analysts’ estimates, and a negative net margin of 0.79%.

Xperi (NYSE:XPER - Get Free Report) was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Monday, August 18th,Zacks.com reports.

Separately, Wall Street Zen cut Xperi from a "buy" rating to a "hold" rating in a research report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock has an average rating of "Strong Buy".

Xperi Stock Performance

Shares of XPER traded up $0.06 during mid-day trading on Monday, reaching $6.27. The company had a trading volume of 537,886 shares, compared to its average volume of 356,701. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.10. Xperi has a 52 week low of $5.68 and a 52 week high of $11.07. The stock has a market cap of $290.05 million, a P/E ratio of -78.37 and a beta of 1.26.

Xperi (NYSE:XPER - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.11) EPS for the quarter, hitting analysts' consensus estimates of ($0.11). Xperi had a positive return on equity of 1.26% and a negative net margin of 0.79%.The firm had revenue of $105.93 million for the quarter, compared to analysts' expectations of $105.94 million.

About Xperi

Xperi Holding Corporation, together with its subsidiaries, operates as a consumer and entertainment product/solutions licensing company worldwide. It operates through two segments, Product, and Intellectual Property Licensing. The company invents, develops, and delivers various technologies. It licenses audio, digital radio, imaging, edge-based machine learning, and multi-channel video user experience solutions to consumer electronics customers, automotive manufacturers, or supply chain partners.