Xperi (NYSE:XPER) Trading Down 5% - Here's What Happened

Key Points

• Shares fell about 5% mid-day to as low as $6.22 (last $6.43) on volume of 316,589 shares, roughly 10% above the average session volume.
• Analysts are split—two Buy and two Sell—leaving a consensus rating of "Hold" with an average price target of $11.00.
• Xperi has a market cap of about $302 million and is currently unprofitable (P/E of -5.23), though it shows strong liquidity (current ratio 2.42) and low leverage (debt/equity 0.10).

Shares of Xperi Inc. (NYSE:XPER - Get Free Report) fell 5% during mid-day trading on Thursday . The stock traded as low as $6.22 and last traded at $6.43. 316,589 shares were traded during mid-day trading, an increase of 10% from the average session volume of 286,725 shares. The stock had previously closed at $6.77.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on XPER. Weiss Ratings reiterated a "sell (d)" rating on shares of Xperi in a report on Monday, December 29th. BWS Financial reiterated a "buy" rating and issued a $12.00 price objective on shares of Xperi in a report on Tuesday, January 13th. Rosenblatt Securities reiterated a "buy" rating and issued a $10.00 price objective on shares of Xperi in a report on Thursday, February 26th. Wall Street Zen upgraded Xperi from a "hold" rating to a "buy" rating in a report on Saturday, March 7th. Finally, Zacks Research downgraded Xperi from a "hold" rating to a "strong sell" rating in a report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $11.00.

Xperi Trading Down 5.0%

The company has a fifty day simple moving average of $5.87 and a two-hundred day simple moving average of $6.03. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.10. The company has a market cap of $302.02 million, a PE ratio of -5.23 and a beta of 1.23.

Institutional Investors Weigh In On Xperi

Several large investors have recently bought and sold shares of XPER. CWM LLC increased its holdings in Xperi by 485.6% during the 3rd quarter. CWM LLC now owns 7,255 shares of the company's stock worth $47,000 after purchasing an additional 6,016 shares during the period. Quantbot Technologies LP purchased a new stake in Xperi during the 3rd quarter worth about $57,000. Tactive Advisors LLC purchased a new stake in Xperi during the 4th quarter worth about $60,000. Endeavor Private Wealth Inc. purchased a new stake in Xperi during the 4th quarter worth about $69,000. Finally, Alpine Global Management LLC purchased a new stake in Xperi during the 4th quarter worth about $89,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Xperi Company Profile

Xperi Inc NYSE: XPER is a global technology company that develops and licenses audio, imaging and semiconductor packaging solutions. The company was formed in 2016 through the spin-off of Tessera Technologies' product divisions and expanded its product portfolio in 2019 with the acquisition of TiVo Corporation. Headquartered in San Jose, California, Xperi's technologies underpin a range of consumer electronics, automotive, mobile and broadcast products around the world.

In its technology licensing segment, Xperi offers a broad portfolio of semiconductor packaging and interconnect solutions designed to improve performance and energy efficiency in chips and devices.

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