Swiss National Bank Decreases Stake in Xperi Inc. (NASDAQ:XPER)

Swiss National Bank lowered its holdings in Xperi Inc. (NASDAQ:XPERFree Report) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,398 shares of the semiconductor company’s stock after selling 8,000 shares during the quarter. Swiss National Bank owned 0.20% of Xperi worth $941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. EMC Capital Management purchased a new stake in Xperi during the third quarter valued at $32,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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 buying an additional 3,262 shares in the last quarter. EWA LLC purchased a new stake in Xperi in the fourth quarter worth about $128,000. Versor Investments LP increased its position in Xperi by 27.1% in the third quarter. Versor Investments LP now owns 17,246 shares of the semiconductor company’s stock worth $170,000 after buying an additional 3,672 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in Xperi in the fourth quarter worth about $239,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Xperi Stock Up 1.8 %

Xperi stock opened at $8.90 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.10 and a quick ratio of 2.10. The stock has a market capitalization of $401.84 million, a price-to-earnings ratio of -3.27 and a beta of 1.80. Xperi Inc. has a 1-year low of $7.91 and a 1-year high of $13.62. The business has a fifty day moving average price of $10.26 and a 200-day moving average price of $10.60.

Xperi (NASDAQ:XPERGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The semiconductor company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. Xperi had a negative return on equity of 8.35% and a negative net margin of 22.93%. The firm had revenue of $118.84 million during the quarter, compared to analysts’ expectations of $125.23 million. Equities research analysts forecast that Xperi Inc. will post -0.95 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on XPER. BWS Financial reaffirmed a “top pick” rating and issued a $30.00 price objective on shares of Xperi in a research note on Thursday, May 9th. StockNews.com downgraded Xperi from a “buy” rating to a “hold” rating in a report on Friday, May 10th. Finally, Rosenblatt Securities restated a “buy” rating and set a $15.00 price objective on shares of Xperi in a report on Friday, March 1st.

Read Our Latest Stock Report on XPER

About Xperi

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Xperi (NASDAQ:XPER)

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