Xperi (NYSE:XPER) Rating Lowered to Hold at Zacks Research

Key Points

• Xperi (NYSE:XPER) was downgraded from a "strong-buy" to a "hold" rating by Zacks Research, reflecting a shift in analyst sentiment towards the stock.
• In addition, Wall Street Zen also adjusted their rating, bringing it down from "buy" to "hold." A total of one analyst has rated it as "hold" and another as "sell."
• Xperi's stock opened at $6.59 on Monday, with a 12-month fluctuation between a low of $5.68 and a high of $11.07.

Xperi (NYSE:XPER - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

A number of other analysts also recently issued reports on XPER. Wall Street Zen downgraded Xperi from a "buy" rating to a "hold" rating in a research report on Tuesday, August 5th. Weiss Ratings reissued a "sell (e+)" rating on shares of Xperi in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Reduce".

Xperi Trading Down 4.2%

Shares of XPER opened at $6.59 on Monday. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $304.85 million, a P/E ratio of -82.36 and a beta of 1.28. The firm's 50 day simple moving average is $6.18. Xperi has a 12 month low of $5.68 and a 12 month high of $11.07.

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, meeting analysts' consensus estimates of ($0.11). The company had revenue of $105.93 million during the quarter, compared to the consensus estimate of $105.94 million. Xperi had a positive return on equity of 1.26% and a negative net margin of 0.79%.

Xperi Company Profile

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.

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