First Mercantile Trust Co. boosted its holdings in Xperi Co. (NASDAQ:XPER) by 56.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,027 shares of the semiconductor company’s stock after purchasing an additional 3,974 shares during the period. First Mercantile Trust Co.’s holdings in Xperi were worth $233,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. boosted its position in Xperi by 2.1% in the fourth quarter. BlackRock Inc. now owns 6,074,523 shares of the semiconductor company’s stock worth $148,217,000 after purchasing an additional 125,720 shares during the last quarter. Deprince Race & Zollo Inc. boosted its position in Xperi by 31.3% in the fourth quarter. Deprince Race & Zollo Inc. now owns 3,513,028 shares of the semiconductor company’s stock worth $85,718,000 after purchasing an additional 838,420 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Xperi by 10.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,044,018 shares of the semiconductor company’s stock worth $25,474,000 after purchasing an additional 100,745 shares during the last quarter. Evermore Global Advisors LLC boosted its position in Xperi by 35.9% in the fourth quarter. Evermore Global Advisors LLC now owns 845,285 shares of the semiconductor company’s stock worth $20,625,000 after purchasing an additional 223,295 shares during the last quarter. Finally, Millennium Management LLC boosted its position in Xperi by 100.5% in the fourth quarter. Millennium Management LLC now owns 496,466 shares of the semiconductor company’s stock worth $12,114,000 after purchasing an additional 248,912 shares during the last quarter.
Shares of NASDAQ XPER opened at $21.10 on Friday. Xperi Co. has a one year low of $16.70 and a one year high of $35.40. The company has a debt-to-equity ratio of 0.79, a quick ratio of 7.13 and a current ratio of 7.13. The firm has a market cap of $1.07 billion, a PE ratio of 33.46 and a beta of 0.56.
Xperi (NASDAQ:XPER) last issued its quarterly earnings results on Thursday, May 3rd. The semiconductor company reported ($0.67) EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($1.20). Xperi had a negative net margin of 21.11% and a positive return on equity of 7.53%. The firm had revenue of $104.30 million for the quarter, compared to analysts’ expectations of $101.00 million. During the same period in the prior year, the company earned ($0.22) EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 24th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, May 23rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.79%.
Several research firms have weighed in on XPER. BidaskClub raised Xperi from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 1st. ValuEngine cut Xperi from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Benchmark reissued a “buy” rating and issued a $40.00 price objective (down previously from $53.00) on shares of Xperi in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada began coverage on Xperi in a research report on Monday, March 5th. They issued an “outperform” rating and a $27.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Xperi presently has a consensus rating of “Hold” and a consensus target price of $33.50.
Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, South Korea, Taiwan, Japan, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.
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