Shell Asset Management Co. Lowers Holdings in Xperi Holding Co. (NASDAQ:XPER)

Shell Asset Management Co. decreased its holdings in Xperi Holding Co. (NASDAQ:XPERGet Rating) by 12.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,199 shares of the semiconductor company’s stock after selling 2,821 shares during the quarter. Shell Asset Management Co.’s holdings in Xperi were worth $333,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. grew its holdings in shares of Xperi by 50.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,605 shares of the semiconductor company’s stock worth $87,000 after purchasing an additional 1,547 shares during the period. Rhumbline Advisers grew its holdings in shares of Xperi by 0.7% during the 4th quarter. Rhumbline Advisers now owns 296,817 shares of the semiconductor company’s stock worth $5,613,000 after purchasing an additional 2,154 shares during the period. Natixis Advisors L.P. grew its holdings in shares of Xperi by 16.1% during the 4th quarter. Natixis Advisors L.P. now owns 17,224 shares of the semiconductor company’s stock worth $326,000 after purchasing an additional 2,385 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Xperi by 22.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,412 shares of the semiconductor company’s stock worth $254,000 after purchasing an additional 2,479 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Xperi by 22.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 14,149 shares of the semiconductor company’s stock worth $268,000 after purchasing an additional 2,612 shares during the period. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Xperi Stock Performance

NASDAQ:XPER opened at $16.63 on Friday. Xperi Holding Co. has a 1 year low of $13.39 and a 1 year high of $21.92. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of -48.91 and a beta of 0.86. The business has a fifty day moving average of $15.42 and a 200-day moving average of $16.18.

Xperi (NASDAQ:XPERGet Rating) last released its quarterly earnings results on Monday, May 9th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.43. The company had revenue of $257.42 million during the quarter, compared to analysts’ expectations of $241.87 million. Xperi had a positive return on equity of 19.34% and a negative net margin of 3.92%. On average, equities research analysts predict that Xperi Holding Co. will post 1.62 EPS for the current year.

Xperi Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 21st. Stockholders of record on Tuesday, May 31st were issued a $0.05 dividend. The ex-dividend date was Friday, May 27th. This represents a $0.20 annualized dividend and a dividend yield of 1.20%. Xperi’s dividend payout ratio (DPR) is -58.82%.

Wall Street Analysts Forecast Growth

XPER has been the topic of several recent research reports. Stephens initiated coverage on Xperi in a research report on Tuesday. They set an “equal weight” rating and a $19.00 price target on the stock. StockNews.com lowered Xperi from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Xperi has an average rating of “Buy” and a consensus price target of $25.00.

Xperi Profile

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Xperi Holding Corporation, together with its subsidiaries, operates as a consumer and entertainment product/solutions licensing company worldwide. It operates through two segments, Intellectual Property Licensing and Product. The Intellectual Property Licensing segment primarily licenses its innovations to companies in the entertainment industry under the Adeia brand.

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Institutional Ownership by Quarter for Xperi (NASDAQ:XPER)

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