Xperi Corporation (XPER - Free Report) was a big mover last session, as the company saw its shares rise over 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now up 1.09% in the past one-month time frame. This stock, which remained volatile and traded within the range of $29.80 –$32.55 in the past one-month time frame, witnessed a sharp increase yesterday.:
The move came after the semiconductor and IP licensing specialist announced encouraging news in an outstanding patent infringement complaint against Broadcom.
The company has seen no estimate revisions over the past one month, and the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Xperi Corporationhas a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Tessera Holding Corporation Price