Xperi (NYSE:XPER) Rating Lowered to “Strong Sell” at Zacks Research

Xperi (NYSE:XPER) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Xperi in a research report on Monday, December 29th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Xperi Trading Down 1.9%

Shares of XPER stock traded down $0.12 during trading hours on Tuesday, reaching $6.27. 493,990 shares of the stock were exchanged, compared to its average volume of 439,686. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.10. Xperi has a 12-month low of $5.07 and a 12-month high of $8.50. The firm has a market capitalization of $294.50 million, a price-to-earnings ratio of -5.10 and a beta of 1.24. The company’s 50-day moving average price is $5.81 and its 200-day moving average price is $6.09.

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.