Xperi (XPER) Scheduled to Post Earnings on Wednesday

Posted by Defense World Staff on Aug 2nd, 2023

Xperi (NASDAQ:XPER – Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Wednesday, August 9th. Analysts expect Xperi to post earnings of ($0.15) per share for the quarter. Xperi has set its FY 2023 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Xperi (NASDAQ:XPER – Get Free Report) last issued its quarterly earnings data on Tuesday, May 9th. The semiconductor company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.09. The company had revenue of $126.84 million for the quarter, compared to analysts’ expectations of $131.33 million.

Xperi Stock Up 3.2 %

Shares of Xperi stock opened at $13.54 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.37 and a quick ratio of 2.37. The company’s fifty day simple moving average is $12.47 and its two-hundred day simple moving average is $11.08. Xperi has a 12-month low of $8.15 and a 12-month high of $26.00.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on XPER. StockNews.com began coverage on shares of Xperi in a research report on Thursday, July 27th. They set a “hold” rating on the stock. Rosenblatt Securities began coverage on shares of Xperi in a research report on Monday, June 12th. They set a “buy” rating and a $15.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.25.

Institutional Trading of Xperi

A number of hedge funds and other institutional investors have recently modified their holdings of XPER. FMR LLC grew its position in Xperi by 150.0% during the 1st quarter. FMR LLC now owns 2,270 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 1,362 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Xperi by 222.1% in the 1st quarter. Captrust Financial Advisors now owns 3,131 shares of the semiconductor company’s stock worth $54,000 after purchasing an additional 2,159 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Xperi in the 2nd quarter worth approximately $84,000. Public Employees Retirement System of Ohio lifted its stake in shares of Xperi by 1,289.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 9,326 shares of the semiconductor company’s stock worth $102,000 after purchasing an additional 8,655 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in Xperi in the 4th quarter worth approximately $103,000. 91.49% of the stock is owned by hedge funds and other institutional investors.

Xperi Company Profile

(Get Free Report)

Xperi Inc provides software and services in the United States. It offers Pay-TV solutions, including UX solutions that allows service providers to customize elements of the interactive program guide for their customers and to upgrade the programming features and services; IPTV solutions that supports various services and applications, such as TV programming, broadband OTT video content, digital music, and photos; managed IPTV service; video metadata and services; personalized content discovery, natural language voice, and insights; and TiVo DVR subscriptions.