Xperi (XPER) Set to Announce Earnings on Monday

Xperi (NASDAQ:XPERGet Rating) is set to announce its earnings results after the market closes on Monday, August 8th. Analysts expect the company to announce earnings of $0.42 per share for the quarter. Xperi has set its FY 2022 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

Xperi (NASDAQ:XPERGet Rating) last issued its quarterly earnings results on Monday, May 9th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.43. Xperi had a negative net margin of 3.92% and a positive return on equity of 19.34%. The company had revenue of $257.42 million for the quarter, compared to analyst estimates of $241.87 million. On average, analysts expect Xperi to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Xperi Trading Down 0.1 %

Shares of NASDAQ:XPER opened at $16.63 on Friday. The company has a market cap of $1.73 billion, a PE ratio of -48.91 and a beta of 0.86. The company’s 50 day moving average is $15.42 and its two-hundred day moving average is $16.18. Xperi has a 52 week low of $13.39 and a 52 week high of $21.92.

Xperi Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 21st. Investors of record on Tuesday, May 31st were paid a dividend of $0.05 per share. The ex-dividend date was Friday, May 27th. This represents a $0.20 annualized dividend and a yield of 1.20%. Xperi’s dividend payout ratio is currently -58.82%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. StockNews.com lowered shares of Xperi from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Stephens began coverage on shares of Xperi in a research note on Tuesday. They set an “equal weight” rating and a $19.00 price target on the stock. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $25.00.

Institutional Trading of Xperi

Institutional investors and hedge funds have recently modified their holdings of the business. Captrust Financial Advisors lifted its holdings in shares of Xperi by 222.1% in the first quarter. Captrust Financial Advisors now owns 3,131 shares of the semiconductor company’s stock valued at $54,000 after purchasing an additional 2,159 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in Xperi in the 1st quarter worth approximately $413,000. Raymond James & Associates acquired a new position in Xperi in the 1st quarter valued at $416,000. Guggenheim Capital LLC lifted its stake in shares of Xperi by 27.4% during the 1st quarter. Guggenheim Capital LLC now owns 41,298 shares of the semiconductor company’s stock worth $715,000 after purchasing an additional 8,874 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in shares of Xperi by 56.8% during the first quarter. MetLife Investment Management LLC now owns 55,141 shares of the semiconductor company’s stock worth $955,000 after purchasing an additional 19,978 shares during the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Xperi Company Profile

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Xperi Holding Corporation, together with its subsidiaries, operates as a consumer and entertainment product/solutions licensing company worldwide. It operates through two segments, Intellectual Property Licensing and Product. The Intellectual Property Licensing segment primarily licenses its innovations to companies in the entertainment industry under the Adeia brand.

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Earnings History for Xperi (NASDAQ:XPER)

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