Strs Ohio raised its stake in Xperi Inc. (NASDAQ:XPER – Free Report) by 10.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,700 shares of the semiconductor company’s stock after purchasing an additional 2,000 shares during the period. Strs Ohio’s holdings in Xperi were worth $272,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in XPER. Millennium Management LLC increased its stake in Xperi by 577.9% in the second quarter. Millennium Management LLC now owns 1,100,739 shares of the semiconductor company’s stock valued at $15,884,000 after purchasing an additional 938,373 shares during the last quarter. B. Riley Asset Management LLC acquired a new stake in shares of Xperi in the first quarter valued at approximately $8,099,000. Goldman Sachs Group Inc. boosted its holdings in shares of Xperi by 367.6% in the first quarter. Goldman Sachs Group Inc. now owns 935,127 shares of the semiconductor company’s stock valued at $16,196,000 after acquiring an additional 735,159 shares during the period. Norges Bank acquired a new stake in shares of Xperi in the fourth quarter valued at approximately $3,689,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Xperi by 40.9% in the first quarter. The Manufacturers Life Insurance Company now owns 1,439,590 shares of the semiconductor company’s stock valued at $24,934,000 after acquiring an additional 417,906 shares during the period. 94.67% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. StockNews.com downgraded Xperi from a “hold” rating to a “sell” rating in a report on Wednesday. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 price target on shares of Xperi in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $15.67.
Xperi Stock Down 2.9 %
Shares of NASDAQ:XPER opened at $8.24 on Thursday. The company has a market cap of $350.36 million and a price-to-earnings ratio of -0.45. The firm’s 50-day simple moving average is $9.83 and its 200-day simple moving average is $11.01. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.12. Xperi Inc. has a fifty-two week low of $7.91 and a fifty-two week high of $13.62.
Xperi (NASDAQ:XPER – Get Free Report) last issued its earnings results on Wednesday, August 9th. The semiconductor company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.06. The business had revenue of $126.87 million for the quarter, compared to the consensus estimate of $125.94 million. Xperi had a negative net margin of 150.37% and a negative return on equity of 10.23%. As a group, equities research analysts predict that Xperi Inc. will post -0.91 earnings per share for the current year.
Xperi Company Profile
Xperi Inc provides software and services in the United States. It offers Pay-TV solutions, including UX solutions that allows service providers to customize elements of the interactive program guide for their customers and to upgrade the programming features and services; IPTV solutions that supports various services and applications, such as TV programming, broadband OTT video content, digital music, and photos; managed IPTV service; video metadata and services; personalized content discovery, natural language voice, and insights; and TiVo DVR subscriptions.
Read More
- Five stocks we like better than Xperi
- How to Invest in Toy Stocks
- First Solar, an affordable, high-quality green investment
- 3 REITs to Buy and Hold for the Long Term
- 5 Dow stocks to track during the market correction
- The Most Important Warren Buffett Stock for Investors: His Own
- Lean on these stocks during GDP expansion
Want to see what other hedge funds are holding XPER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xperi Inc. (NASDAQ:XPER – Free Report).
Receive News & Ratings for Xperi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xperi and related companies with MarketBeat.com's FREE daily email newsletter.
