Russell Investments Group Ltd. Acquires 10,543 Shares of Xperi Inc. (NASDAQ:XPER)

Russell Investments Group Ltd. raised its holdings in shares of Xperi Inc. (NASDAQ:XPER) by 68.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,905 shares of the semiconductor company’s stock after acquiring an additional 10,543 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.06% of Xperi worth $285,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. EMC Capital Management bought a new stake in shares of Xperi in the third quarter worth about $32,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Xperi by 46.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,235 shares of the semiconductor company’s stock worth $113,000 after purchasing an additional 3,262 shares during the last quarter. Versor Investments LP increased its stake in Xperi by 27.1% during the third quarter. Versor Investments LP now owns 17,246 shares of the semiconductor company’s stock worth $170,000 after acquiring an additional 3,672 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in Xperi during the fourth quarter worth approximately $239,000. Finally, Illinois Municipal Retirement Fund bought a new stake in Xperi during the third quarter worth approximately $259,000. 94.28% of the stock is owned by institutional investors.

Xperi Stock Up 1.8 %

Shares of NASDAQ:XPER opened at $9.45 on Thursday. Xperi Inc. has a 1 year low of $7.91 and a 1 year high of $13.62. The business has a 50 day simple moving average of $10.50 and a two-hundred day simple moving average of $10.60. The firm has a market capitalization of $426.65 million, a PE ratio of -3.47 and a beta of 1.80. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.10 and a quick ratio of 2.10.

Xperi (NASDAQ:XPER) last announced its earnings results on Wednesday, February 28th. The semiconductor company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.16. Xperi had a negative return on equity of 8.35% and a negative net margin of 22.93%. The business had revenue of $137.23 million during the quarter, compared to analyst estimates of $138.90 million. On average, equities analysts predict that Xperi Inc. will post -1.19 EPS for the current year.

Analyst Ratings Changes

XPER has been the topic of several analyst reports. StockNews.com cut Xperi from a “buy” rating to a “hold” rating in a research note on Friday, May 10th. BWS Financial reissued a “top pick” rating and set a $30.00 price objective on shares of Xperi in a research note on Thursday, May 9th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $15.00 price objective on shares of Xperi in a research note on Friday, March 1st.

Xperi Company Profile

Xperi Inc operates as a consumer and entertainment technology company worldwide. 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, a cloud-based solution that supports various services and applications, such as TV programming, broadband OTT video content, digital music, photos, and other media experiences; managed IPTV service; video metadata and services; managed IPTV Service, a customizable, cloud-enabled, and end-to-end streaming video solution that enables operators to quickly launch a branded, fully compliant, full-featured Pay-TV service; metadata libraries comprising television, sports, movies, digital-first, celebrities, books, and video games; personalized content discovery, natural language voice, and insights; and TiVo DVR subscriptions, as well as technical support service.