Segall Bryant & Hamill LLC Invests $2.31 Million in Xperi Inc. $XPER

Segall Bryant & Hamill LLC acquired a new position in shares of Xperi Inc. (NYSE:XPER) in the 1st quarter, Holdings Channel reports. The fund acquired 412,954 shares of the company’s stock, valued at approximately $2,313,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XPER. AQR Capital Management LLC increased its position in Xperi by 285.3% in the 1st quarter. AQR Capital Management LLC now owns 62,375 shares of the company’s stock worth $482,000 after buying an additional 46,186 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Xperi by 1.2% in the first quarter. Goldman Sachs Group Inc. now owns 1,559,490 shares of the company’s stock worth $12,039,000 after acquiring an additional 17,984 shares during the last quarter. Creative Planning bought a new position in Xperi during the second quarter worth $135,000. Rhumbline Advisers raised its stake in Xperi by 39.1% during the 2nd quarter. Rhumbline Advisers now owns 97,679 shares of the company’s stock valued at $773,000 after purchasing an additional 27,439 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Xperi by 9.0% in the 2nd quarter. American Century Companies Inc. now owns 117,181 shares of the company’s stock valued at $927,000 after purchasing an additional 9,668 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

XPER has been the topic of several research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Xperi in a report on Friday, May 29th. BWS Financial reiterated a “buy” rating and issued a $12.00 target price on shares of Xperi in a research note on Monday, June 22nd. Zacks Research upgraded shares of Xperi from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Wall Street Zen downgraded Xperi from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $11.00.

Xperi Stock Performance

Shares of NYSE XPER opened at $7.96 on Wednesday. The business has a fifty day simple moving average of $7.80 and a 200 day simple moving average of $6.76. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $384.00 million, a price-to-earnings ratio of -8.04 and a beta of 1.43. Xperi Inc. has a one year low of $5.07 and a one year high of $8.75.

Xperi (NYSE:XPER) last issued its earnings results on Wednesday, May 6th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. Xperi had a positive return on equity of 1.09% and a negative net margin of 10.22%.The firm had revenue of $114.21 million during the quarter, compared to analysts’ expectations of $107.89 million. Sell-side analysts expect that Xperi Inc. will post 0.35 EPS for the current year.

About Xperi

Xperi Inc (NYSE: XPER) is a global technology company that develops and licenses audio, imaging and semiconductor packaging solutions. The company was formed in 2016 through the spin-off of Tessera Technologies’ product divisions and expanded its product portfolio in 2019 with the acquisition of TiVo Corporation. Headquartered in San Jose, California, Xperi’s technologies underpin a range of consumer electronics, automotive, mobile and broadcast products around the world.

In its technology licensing segment, Xperi offers a broad portfolio of semiconductor packaging and interconnect solutions designed to improve performance and energy efficiency in chips and devices.