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Xperi Holding Corporation (XPER)

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22.26-0.07 (-0.31%)
As of 10:26AM EDT. Market open.
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  • C
    CreigO
    I read and posted the computer-driven transcript of the latest remote conference the CEO had. The video and the transcript are available online as well. From that I believe the management and board have a good plan for meaningful profits and shareholder returns. The goals, per the interview, are to increase the dividend to approximately one-half of the earnings, accelerate the reduction of debt payments, continue patent litigation (Canada is the focus beginning the June quarter), develop the streaming content of TIVO, and further develop other technologies, including Perceive. Analysts are on board.

    Did anyone else read the transcript or see the interview?
  • C
    CHAMP
    dow up 135 plus, this stock down over .50 today heading down daily, wheres it going when the markets down 135....down further, its a sell buy it at 10-12, g luck
  • C
    CreigO
    CONFERENCE PART 3

    Concerning capital structure: We're in a good position from cash generation and so we're fortunate that we can have kind of a balanced approach to capital allocation. What we've said to the market is that we would plan to return approximately 50% of free cash flow to shareholders through dividends and buybacks our dividend yield is just under 1% which I think is appropriate for a company of our profile and we have been buyers of our shares. We did pay down debt last year fairly significantly we put down a roughly 150 million in December. Because we had a fair amount of cash come in through the back payment for Comcast. So we've lowered our leverage ratio and I like to see that sort of in the one to one and a half turns even, so you would expect to see us probably doing some debt pay down over the course of the year so balanced is probably the right way to think about.

    More about share buyback: I'm in all candor, where we're trading these days doesn't have me as concerned about market timing, yeah I obviously do watch it, but I think we've we've felt that we are not fully valued and so it's it's not a difficult decision to go into the market, and then you know, I think I like to be balanced here, which is you know we've indicated a goal in terms of buybacks and dividends, so I want to try to keep to that you know when we give a number to the street and a goal which is set by our board I try to stay on that.

    More about the TIVO streaming strategy: The more a user is gained engage directly with the product, the more your opportunity to monetize that user and so that bodes very well for establishing a advertising benchmark against that that engagement and increasing the RPU for the for us, and then ultimately as we get into the direct with the TV manufacturer sharing some piece of that. So I think the engagement is actually pretty critical you know just going on and going into a single APP and staying there does not result in engagement so staying into the interface is actually critical and we think that's a good thing.

    END
  • B
    Big Duze
    This is a long haul company to own! Only found it just before earnings, super glad I did! See contracts multiplying with all the streaming becoming the norm. And boxes/TVs signing contracts for their patented goods.
  • J
    Jay
    Anyone have any idea why Xperi tanked today? Good news about TIVO. Nothing bad in news...
    Neutral
  • B
    Brady
    I know I’m only talking to myself on this message board BUT... the chart really looks bullish for XPER.. we should break $25+ and head towards $27+ soon
  • C
    CreigO
    VIRTUAL CONFERENCE SUMMARY -PART 2

    Concerning automobile applications: within connected car auto stage is what we've previously called connected radio. it is a integrated radio experience that sort of enhances the user's experience with the song information album our information at the station so just a much more full some radio experience for both digital and terrestrial radio. It has started to ship in the Mercedes S class last year, and we expect to see continued expansion in that solution and new models and other car brands. The thing that's interesting about it is it's a worldwide solution, as opposed to HD radio, which is really centered as a standard in North America so we've expanded the tam here and the opportunity to monetize the experience for a worldwide audience - the manufacturers a car. We really like it, because they can use a single solution across their lives so that's auto stage. Auto Sense is what we have now branded as our occupancy monitoring solution we've been working on this for quite some time, it is, it enables the OEM to analyze what's happening in the entirety of the vehicle, as opposed to just monitoring the driver so it'll monitor driver but also what's happening in the backseat, the whole scene and that will be important for car manufacturers in terms of getting high safety ratings having occupancy monitoring. We expect to ship that solution in the second half of this year with a major European car manufacturer and that will be the first instance of occupancy monitoring that will ship from anyone so we're excited about that and look forward to sharing more once it gets into the market.

    Concerning when the Auto applications would hit the US market: I would expect it to hit the US but it's hard to say I think what you'll see this, you know, when we're talking about a major European car manufacturer those units will ship into the US as well, so we would expect it to be, not just in Europe but also in the US and other major markets.

    Concerning "Cord-Cutting" and how that affects Xperi: We've certainly experienced that in our pay TV business, and you know, I think it is evolving there's certainly has been cord cutting we've probably seen an impact on us, high single digits low double digits in the last year, we do expect it to level off, at least in terms of the forecast that we've seen from industry reports, but it has been a challenge for us the way that we've been balancing, that is to sell our new IPTV solution into that market and that helps us sort of balance that. We have had a challenge that's that's probably something that takes us back to code which is having people go into a home to install that solution has been challenging so we've we've created the ability for people to self install so that's one way for us to balance that but we do expect that to be a reality for the pay TV business going forward and we're hoping to mitigate that as much as we can, the decline.

    Concerning competition in the auto applications of Xperi: Well, I think, with auto stage, which you know, again, that's connected radio. it's a fairly unique solution that we've built it is there are others that have pieces of it but there is no other player that has the totality of the solution or the experience that we have in terms of providing it so we feel we have we're in a very good and unique position there. With auto sense, which is the occupancy monitoring, there are other players that I mentioned that are player there in driver monitoring your sort of later to that game and who are working on those solutions, but what we're doing with an occupancy monitoring is extremely difficult that requires several cameras and a coordination for the solution from an imaging standpoint. We happen to be fairly uniquely positioned there so like I said we would be the first occupancy monitoring solution to ship, and I think that bodes very well for us we're certainly involved in other RFP and customer conversations, so I feel pretty good about our position there.

    Concerning expanding investment value: For 2021 it's really execution, we have, I think, a very reasonable plan this year in terms of executing on the top line. I feel comfortable with the numbers, we gave from a
    revenue standpoint, but it is really preparing the business for growth on both sides. Within the IP business there are opportunities for growth and semi IP there is new media opportunities, we talked about on the product side we've covered a few of those but it's you know we say look we're starting to ship auto stage and auto sense, we have the streaming products so all of those growth factors hitting going into 22, I think, is what we're really focused on and doing that profitably. You know it as a financial officer I'm always making sure that that we do, has a return on investment Our product business is profitable but I'd like to see it have even a stronger profit profile, as we prepare for a separation next year.
  • C
    CreigO
    Recorded virtual conference still available from 2 days ago. https://finance.yahoo.com/news/sidoti-virtual-investor-conference-233000728.html. THIS IS A SUMMARY - READ THE TRANSCRIPT ABOVE

    Discussed the TIVO stream 4k product they are working on that will partner with TV manufacturers, probably beginning with Asian TV makes.

    Discussed Perceive: We expect to ship perceive ships later this year, so our first initial wins and then you know, obviously we're also developing tools, so that our customers can develop applications directly onto the chip we're doing those Apps are for this for this home security cameras, but ultimately that will be something will allow enable our customers to do themselves.

    Concerning the timing of Perceive revenues: People are asking for products to ship in a year or less and we're also seeing customers engages for products that would ship kind of two to three cycles out. It will also depend on how much we're doing in terms of the development for the customer, so if we're doing Apps and coming up with the solution entirely that will take more time we put tools in the hands of our customers.
    that they can do that more quickly than we can, so I think the answer is it'll depend. We're still very excited about this opportunity we believe the investment we're making, which is you know modest, I think, by a company of our size, has the possibility of being real breakout player here just because the size of the markets were addressing here are so significant and that the device itself the capability is so unique and I think we think an answer is a real challenge for the market, right now, which is being able to do the types of capabilities on on an ultra low power basis, you know that so that's a that's a unique thing so we're getting a lot of interest in this product as we talk to customers.

    Concerning potential uses: We may be replacing a chip in a socket or we may be, enabling a a device by sitting between the sensor and the sfc, which is how it's sort of initially designed so it can be both but it's really you know we think about the potential for the solution we've kind of outlined look here's our initial market it's very logical and security cameras it's doorbell cameras, this can play in you know enterprise ar vr, even automotive mobile so there's some really large markets, we think it can ultimately address, I think the thing with any new technology is to prove it out to get it shipped to ensure that it works to be able to support that to those customers, but I think ultimately here if we can put tools in the hands of our customers and we have a chip that works I think we can there is there's a lot of tam available to us as we go into new markets.

    Concerning patent litigation and Canada royalties: We have ongoing litigation, with three pay TV operators that's Belle Tell US and Videotron and we completed closing arguments and the initial round of litigation with those operators at the end of January. There there isn't a set schedule from the core into one will receive the initial decisions, but we would expect them some time in q2 q3. I think, as we try to determine how that's going to go and we feel confident in the case, but there are situations where you know litigation requires multiple cases to resolve a dispute. So, given that we didn't include the Canadian operators in our forecast for the guidance. And you know we'll view that as upside if we can get them done this year so that's that's sort of where we are with Canada.
    Presentation Times and Weblinks Released for Over 125 Presenting CompaniesWednesday and Thursday, March 24-25, 2021NEW YORK, NY / ACCESSWIRE / March 23, 2021 / Sidoti & Company, LLC proudly releases the presentation schedule, with weblink click-throu
    Presentation Times and Weblinks Released for Over 125 Presenting CompaniesWednesday and Thursday, March 24-25, 2021NEW YORK, NY / ACCESSWIRE / March 23, 2021 / Sidoti & Company, LLC proudly releases the presentation schedule, with weblink click-throu
    finance.yahoo.com
  • C
    CHAMP
    this stock cant get out of its own way, with all its patients and at 2.5 MC, horrible dividend, someone in management needs to hold a board meeting and get off auto pilot, and get the ball rolling for shareholders returns, if not maybe look for a buyer buy out, get folks that have VISION, at best bumpthe dividend to 3-4%...
    should be a 25-45 dollar stock with this companies portfolio, vision....
  • F
    F Thomas
    Who sold this at $15.50 in after hours??? Company exceeded record revenue guidance and posted $2.10 non-GAAP EPS in this record setting quarter. They generated $3M+ a day in FREE CASH FLOW throughout this quarter, paid down $163M in debt, bought back $20M of stock, have authorized another $80M in share buybacks, and have a quarter $Billion in cash on the balance sheet, 26% more cash than previous quarter. If money talks, then CASH SCREAMS! This Company is a money making machine. Next year guidance, per the conference call, was conservative if not understated. Stay LONG XPER!
    Bullish
  • C
    CHAMP
    this is a 5 dollar stock at best, market up 400 pts and stock going no where fast, short it or buy bonds better return..
  • B
    Brady
    You gotta wonder if there is some buyout interest in the works with XPER - regardless of the chaos in the market over the last few weeks, XPER keeps inching up... no sellers, no volume, only buyers...probably nothing, but makes you Wonder.
  • C
    CreigO
    From Trading Alpha:

    (But) "the company hadn't provided the non-GAAP EPS in the press release, though the $2.10 figure did appear in the presentation slides." So the business press presented only the GAAP EPS. This should recover once more savvy investors recognize the opportunity.
    Bullish
  • C
    CreigO
    Recent commission on state of US AI capability - will Perceive have technology to offer? Summary from CNBC this week.

    "The commission calls on the U.S. government to more than double its AI research and development spending to $32 billion a year by 2026.

    "It also suggests establishing a new body to help the president guide the U.S.′ wider AI policies, relaxing immigration laws for talented AI experts, creating a new university to train digitally skilled civil servants, and accelerating the adoption of new technologies by U.S. intelligence agencies.

    "The report also warns that the U.S. needs to do more to become self-reliant on computer chips and warns about the dangers of being so dependent on Taiwan’s TSMC.

    " 'Microelectronics power all AI, and the United States no longer manufactures the world’s most sophisticated chips,' wrote Schmidt and Work. 'Given that the vast majority of cutting-edge chips are produced at a single plant separated by just 110 miles of water from our principal strategic competitor, we must reevaluate the meaning of supply chain resilience and security.' ”
    Bullish
  • F
    F Thomas
    Beat expected revenue by $2M. After hour sell off is unwarranted.
    Bullish
  • B
    BeerCan Superman
    recent buy ratings by analysts. One analysis puts this at a $33 price target. I'll throw $5k at it an check back closer to earnings. I think there is some decent upside potential here.
  • d
    da
    Xperi down 7%+ yesterday and 5%+ today on NO NEWS. Hopefully management is scooping up shares as they fall!
    Bullish
  • C
    CHAMP
    will shift down under 20 soon, id short it or sell your positions, buy it back at 10-12 range, or less...sell
  • B
    Brady
    I believe the earnings will b a very positive surprise... expect SP to reach $25+ after earnings release
  • J
    Jay
    Why are there articles stating Experi missed analysis expectations??? They exceeded. Are they shorters? Fake news!!