Louisiana State Employees Retirement System lessened its stake in shares of Xperi Corp (NASDAQ:XPER) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,980 shares of the semiconductor company’s stock after selling 1,220 shares during the period. Louisiana State Employees Retirement System’s holdings in Xperi were worth $314,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of XPER. BlackRock Inc. raised its stake in Xperi by 3.3% during the second quarter. BlackRock Inc. now owns 7,312,208 shares of the semiconductor company’s stock valued at $150,558,000 after buying an additional 231,013 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Xperi by 1.2% in the second quarter. Vanguard Group Inc. now owns 5,390,209 shares of the semiconductor company’s stock worth $110,985,000 after acquiring an additional 62,614 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Xperi by 112.4% during the second quarter. Invesco Ltd. now owns 1,183,253 shares of the semiconductor company’s stock valued at $24,363,000 after acquiring an additional 626,116 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Xperi by 2.7% during the second quarter. Northern Trust Corp now owns 641,895 shares of the semiconductor company’s stock valued at $13,216,000 after acquiring an additional 16,607 shares in the last quarter. Finally, Nuveen Asset Management LLC purchased a new position in shares of Xperi in the 2nd quarter worth about $8,686,000. 96.12% of the stock is owned by institutional investors.
XPER stock opened at $17.15 on Tuesday. The stock’s 50 day simple moving average is $18.75 and its 200 day simple moving average is $19.85. The company has a current ratio of 8.09, a quick ratio of 8.09 and a debt-to-equity ratio of 0.71. Xperi Corp has a 12-month low of $17.12 and a 12-month high of $25.84. The stock has a market capitalization of $886.31 million, a PE ratio of 22.87 and a beta of 0.29.
Xperi (NASDAQ:XPER) last posted its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.01. Xperi had a return on equity of 22.15% and a net margin of 9.20%. The business had revenue of $90.63 million during the quarter, compared to analyst estimates of $90.40 million. On average, research analysts predict that Xperi Corp will post 2.39 earnings per share for the current year.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Xperi from a “strong sell” rating to a “hold” rating in a research note on Saturday, January 11th. ValuEngine upgraded shares of Xperi from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. BidaskClub raised shares of Xperi from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Finally, B. Riley reiterated a “buy” rating and issued a $28.00 target price on shares of Xperi in a research note on Friday, December 13th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Xperi presently has a consensus rating of “Buy” and an average target price of $30.60.
Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, South Korea, Taiwan, Japan, Europe, the Middle East, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.
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