Core Viewpoint - Xperi (XPER) shares have increased by 4.3% recently, with a mean price target of $18.75 suggesting a potential upside of 92.9% from the current price of $9.72 [1] Price Targets and Estimates - The mean estimate includes four short-term price targets with a standard deviation of $7.89, indicating variability among analysts [2] - The lowest price target of $12 suggests a 23.5% increase, while the highest target of $30 indicates a potential surge of 208.6% [2] - A low standard deviation signifies strong agreement among analysts regarding the stock's price direction [7] Analyst Sentiment and Earnings Estimates - Analysts have shown increasing optimism about XPER's earnings prospects, as evidenced by a positive trend in earnings estimate revisions [9] - The Zacks Consensus Estimate for the current year has risen by 43.4% over the past month, with no negative revisions [10] - XPER holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [11] Caution on Price Targets - Solely relying on price targets for investment decisions may not be prudent, as they can often mislead investors [5][8] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [6]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Characteristics - Fast-moving trending stocks can be difficult to enter at the right time, as they may lose momentum if future growth does not justify their high valuations [2] - Investing in bargain stocks that have recently shown price momentum can be a safer strategy [3] Group 2: Xperi (XPER) Stock Analysis - XPER has shown a price increase of 4.3% over the past four weeks, indicating growing investor interest [4] - The stock gained 14.8% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [5] - XPER has a beta of 1.54, suggesting it moves 54% more than the market in either direction [5] - The stock has a Momentum Score of A, indicating a favorable time to invest [6] - XPER has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investors [7] - The stock is trading at a Price-to-Sales ratio of 0.86, indicating it is relatively cheap at present [7] Group 3: Additional Investment Opportunities - Besides XPER, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, which may also be worth considering for investment [8] - There are over 45 Zacks Premium Screens available for investors to find winning stock picks based on their personal investing styles [9]

Revenue Performance - Revenue for Q3 2024 was $132.9 million, an increase of $2.5 million or 2% compared to Q3 2023, primarily driven by a $21.4 million increase in Pay-TV revenue[147]. - Revenue for the nine months ended September 30, 2024, decreased by $12.8 million or 3% to $371.3 million, mainly due to a $40.6 million decline in Consumer Electronics revenue[147]. Operating Expenses - Operating expenses for Q3 2024 totaled $151.4 million, a decrease of $9.995 million or 6% compared to Q3 2023[149]. - Research and development expenses for Q3 2024 were $53.6 million, down $2.8 million or 5% from Q3 2023, primarily due to lower spending in the AutoSense business[155]. - Selling, general and administrative expenses for Q3 2024 were $56.5 million, a decrease of $3.1 million or 5% compared to Q3 2023, attributed to reduced employee headcount[159]. Divestitures and Gains - The AutoSense divestiture was completed in January 2024, streamlining the business and enhancing focus on entertainment markets[144]. - The company reported a gain on divestiture of $6 million for the nine months ended September 30, 2024[146]. - The company recognized a gain of $22.9 million from the AutoSense Divestiture in the nine months ended September 30, 2024[169]. Losses and Net Income - Total operating loss for Q3 2024 was $14 million, an improvement from a $24 million loss in Q3 2023[146]. - The net loss for Q3 2024 was 15%, compared to a net loss of 32% in Q3 2023[146]. Stock-Based Compensation and Depreciation - Stock-based compensation expense decreased by $2.4 million (13%) and $6.4 million (12%) for the three and nine months ended September 30, 2024, compared to the same periods in 2023, primarily due to lower expenses for performance-based restricted stock units and reduced employee headcount[161]. - Depreciation expense for the three months ended September 30, 2024, was $2.9 million, a decrease of $1.3 million (31%) from $4.2 million in the same period of the prior year[162]. - Amortization expense for the three months ended September 30, 2024, was $10.9 million, down $3.8 million (26%) from $14.7 million in the same period of the prior year[164]. Cash Flow and Liquidity - Net cash used in operating activities was $56.6 million for the nine months ended September 30, 2024, primarily due to a net loss of $63.8 million[178]. - Cash and cash equivalents decreased to $72.7 million as of September 30, 2024, down $81.7 million from $154.4 million at December 31, 2023[173]. - The current ratio as of September 30, 2024, was 1.3, compared to 1.9 at December 31, 2023[173]. - Net cash used in investing activities was $12.9 million for the nine months ended September 30, 2024, primarily related to capital expenditures[180]. Share Repurchase and Debt - The company repurchased approximately 1.1 million shares of common stock at an average price of $8.92 per share for a total cost of $10.0 million during the three months ended September 30, 2024[177]. - The Promissory Note related to the acquisition of Vewd Software Holdings Limited has an outstanding principal amount of $50.0 million as of September 30, 2024, with a maturity date of July 1, 2025[184]. Market Risk and Accounting - There have been no material changes to the company's exposure to market risk since December 31, 2023[191]. - For more information on recent accounting pronouncements, refer to Note 1 in the Quarterly Report[190].

Q3 2024 Earnings November 6, 2024 Safe Harbor This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this presentation that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding: expectations regarding our future results of operations and financial position, margin expansion and overall growth, including, without lim ...

Investors might want to bet on Xperi (XPER) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. S ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potent ...

Xperi (XPER) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Individual in ...

Xperi (XPER) closed the last trading session at $8.94, gaining 12% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $18.75 indicates a 109.7% upside potential. The average comprises four short-term price targets ranging from a low of $12 to a high of $30, with a standard deviation of $7.89. While the lowest estimate indicates an increase of 34.2% from the current price level, the mo ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potent ...