State Board of Administration of Florida Retirement System reduced its holdings in Xperi Inc. (NASDAQ:XPER – Get Rating) by 60.0% during the 4th quarter, HoldingsChannel reports. The firm owned 17,081 shares of the semiconductor company’s stock after selling 25,625 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Xperi were worth $147,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Millennium Management LLC lifted its stake in Xperi by 577.9% during the second quarter. Millennium Management LLC now owns 1,100,739 shares of the semiconductor company’s stock worth $15,884,000 after purchasing an additional 938,373 shares during the period. Goldman Sachs Group Inc. raised its stake 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 last quarter. Rubric Capital Management LP raised its stake in shares of Xperi by 13.3% in the third quarter. Rubric Capital Management LP now owns 3,853,289 shares of the semiconductor company’s stock valued at $54,486,000 after acquiring an additional 453,289 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake 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 last quarter. Finally, Barclays PLC raised its stake in shares of Xperi by 880.2% in the third quarter. Barclays PLC now owns 423,771 shares of the semiconductor company’s stock valued at $5,992,000 after acquiring an additional 380,536 shares during the last quarter. 43.84% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the stock. Stephens reiterated an “equal weight” rating and issued a $13.00 target price on shares of Xperi in a research note on Wednesday, February 22nd. StockNews.com initiated coverage on shares of Xperi in a research report on Wednesday. They issued a “strong-buy” rating for the company. Finally, Maxim Group reduced their price objective on Xperi from $23.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, February 22nd.
Xperi Trading Down 2.8 %
Xperi (NASDAQ:XPER – Get Rating) last issued its earnings results on Tuesday, February 21st. The semiconductor company reported ($0.29) EPS for the quarter, beating the consensus estimate of ($0.82) by $0.53. The business had revenue of $135.53 million for the quarter, compared to the consensus estimate of $129.94 million. On average, research analysts forecast that Xperi Inc. will post -0.15 EPS for the current year.
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 service, including schedules, listings, app content linking services, and advanced metadata, such as moods, tones, themes and topics; personalized content discovery, natural language voice, and insights; and TiVo DVR subscriptions.
- Get a free copy of the StockNews.com research report on Xperi (XPER)
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