Xperi Inc

XPER is locked in a Stage 3 downtrend under declining EMAs with persistent lower highs and lower lows. Momentum remains decisively negative and price is oversold without signs of stabilization or reversal. We maintain a medium- and long-term bearish stance and defer further selling until price rallies into the 9-/20-/50-day EMA cluster for a rejection. A reclaim and hold above that zone would be required to shift the bias.

• ↑IP licensing revenue rose 41% YoY to $139M in Q1
• ↑FY22 revenue guidance boosted to $930–960M on strong license deals
• ↓Profitability factors remain weak, pressuring margins amid product softness