Xperi (NYSE:XPER) Upgraded at Zacks Research

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 research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report issued on Monday,Zacks.com reports.

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

Xperi Price Performance

Shares of NYSE XPER traded up $0.23 during midday trading on Monday, reaching $6.20. The company's stock had a trading volume of 507,119 shares, compared to its average volume of 605,261. Xperi has a 12-month low of $5.68 and a 12-month high of $11.07. The company has a market capitalization of $286.81 million, a PE ratio of -77.49 and a beta of 1.26. 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 (NYSE:XPER - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported ($0.11) earnings per share 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 the consensus estimate 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.