Xperi Corp (NASDAQ:XPER) announced a quarterly dividend on Friday, May 10th, Wall Street Journal reports. Investors of record on Wednesday, May 29th will be given a dividend of 0.20 per share by the semiconductor company on Wednesday, June 19th. This represents a $0.80 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Tuesday, May 28th.
XPER traded down $0.81 during midday trading on Friday, reaching $19.70. 246,154 shares of the company’s stock were exchanged, compared to its average volume of 466,093. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 7.94 and a beta of 0.40. The company has a quick ratio of 8.46, a current ratio of 8.46 and a debt-to-equity ratio of 0.76. Xperi has a one year low of $12.08 and a one year high of $25.84.
Xperi (NASDAQ:XPER) last posted its quarterly earnings data on Wednesday, May 8th. The semiconductor company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.13. The company had revenue of $104.30 million during the quarter, compared to analyst estimates of $104.00 million. Xperi had a net margin of 1.92% and a return on equity of 20.08%. Equities research analysts expect that Xperi will post 1.97 EPS for the current fiscal year.
XPER has been the subject of a number of research reports. BidaskClub raised shares of Xperi from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Craig Hallum lifted their target price on shares of Xperi from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, February 21st. They noted that the move was a valuation call. National Securities reaffirmed a “buy” rating and set a $36.00 target price on shares of Xperi in a report on Thursday, May 9th. Zacks Investment Research raised shares of Xperi from a “strong sell” rating to a “hold” rating in a report on Saturday, April 27th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $30.00 price target on shares of Xperi in a research report on Monday, May 13th. Two research analysts have rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $29.60.
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, Europe, the Middle East, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.
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