Xperi (XPER) Posts Quarterly Earnings Results, Misses Expectations By $0.15 EPS

Xperi (NASDAQ:XPER) released its quarterly earnings data on Wednesday. The semiconductor company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.15), Morningstar.com reports. Xperi had a negative return on equity of 2.09% and a negative net margin of 19.66%. The business had revenue of $100.59 million during the quarter, compared to analysts’ expectations of $98.50 million.

XPER stock traded up $0.97 during trading on Thursday, hitting $14.50. The stock had a trading volume of 557,411 shares, compared to its average volume of 410,194. Xperi has a 1-year low of $12.08 and a 1-year high of $28.33. The company has a market capitalization of $676.56 million, a price-to-earnings ratio of 10.58 and a beta of 0.67. The company has a current ratio of 7.92, a quick ratio of 7.92 and a debt-to-equity ratio of 0.84.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Wednesday, November 28th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.52%. The ex-dividend date of this dividend is Tuesday, November 27th. Xperi’s payout ratio is 58.39%.

Several research firms recently commented on XPER. Royal Bank of Canada reiterated a “buy” rating and issued a $22.00 price objective on shares of Xperi in a research report on Thursday, August 9th. BidaskClub lowered shares of Xperi from a “sell” rating to a “strong sell” rating in a research report on Friday, September 14th. Craig Hallum set a $25.00 price objective on shares of Xperi and gave the stock a “buy” rating in a research report on Thursday, August 9th. ValuEngine upgraded shares of Xperi from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 8th. Finally, B. Riley began coverage on shares of Xperi in a research report on Thursday, July 19th. They issued a “buy” rating and a $26.00 price objective on the stock. Two analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Xperi has a consensus rating of “Hold” and a consensus target price of $27.80.

A number of hedge funds have recently made changes to their positions in the stock. Rothschild Asset Management Inc. raised its stake in Xperi by 0.6% in the 2nd quarter. Rothschild Asset Management Inc. now owns 583,751 shares of the semiconductor company’s stock valued at $9,398,000 after purchasing an additional 3,425 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Xperi by 30.5% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,700 shares of the semiconductor company’s stock valued at $269,000 after purchasing an additional 3,900 shares during the last quarter. Rhumbline Advisers raised its stake in Xperi by 3.8% in the 2nd quarter. Rhumbline Advisers now owns 118,519 shares of the semiconductor company’s stock valued at $1,908,000 after purchasing an additional 4,384 shares during the last quarter. UBS Group AG raised its stake in Xperi by 42.4% in the 1st quarter. UBS Group AG now owns 15,137 shares of the semiconductor company’s stock valued at $320,000 after purchasing an additional 4,509 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in Xperi by 4.6% in the 2nd quarter. Legal & General Group Plc now owns 107,729 shares of the semiconductor company’s stock valued at $1,722,000 after purchasing an additional 4,753 shares during the last quarter. 99.53% of the stock is owned by hedge funds and other institutional investors.

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Xperi Company Profile

Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, South Korea, Taiwan, Japan, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.

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Earnings History for Xperi (NASDAQ:XPER)

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