Nokomis Capital L.L.C. raised its stake in shares of Xperi Corp (NASDAQ:XPER) by 12.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 718,923 shares of the semiconductor company’s stock after purchasing an additional 79,000 shares during the quarter. Xperi comprises 2.9% of Nokomis Capital L.L.C.’s holdings, making the stock its 9th biggest position. Nokomis Capital L.L.C.’s holdings in Xperi were worth $15,205,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the business. BlackRock Inc. increased its stake in Xperi by 2.7% during the 1st quarter. BlackRock Inc. now owns 6,236,868 shares of the semiconductor company’s stock valued at $131,909,000 after purchasing an additional 162,345 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Xperi by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,887,431 shares of the semiconductor company’s stock valued at $39,919,000 after acquiring an additional 12,032 shares during the last quarter. Evermore Global Advisors LLC boosted its holdings in shares of Xperi by 35.5% in the 1st quarter. Evermore Global Advisors LLC now owns 1,145,376 shares of the semiconductor company’s stock valued at $24,225,000 after acquiring an additional 300,091 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Xperi by 10.7% in the 4th quarter. Bank of New York Mellon Corp now owns 1,044,018 shares of the semiconductor company’s stock valued at $25,474,000 after acquiring an additional 100,745 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in Xperi by 100.5% during the fourth quarter. Millennium Management LLC now owns 496,466 shares of the semiconductor company’s stock worth $12,114,000 after buying an additional 248,912 shares in the last quarter. Institutional investors and hedge funds own 99.25% of the company’s stock.
XPER has been the topic of a number of recent analyst reports. Royal Bank of Canada initiated coverage on shares of Xperi in a report on Monday, March 5th. They set an “outperform” rating and a $27.00 price target on the stock. Benchmark reissued a “buy” rating and set a $40.00 price target (down from $53.00) on shares of Xperi in a report on Wednesday, February 14th. ValuEngine downgraded shares of Xperi from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Finally, BidaskClub raised shares of Xperi from a “sell” rating to a “hold” rating in a report on Friday, March 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $33.50.
Xperi (NASDAQ:XPER) last posted its quarterly earnings data on Thursday, May 3rd. The semiconductor company reported ($0.67) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($1.20). The company had revenue of $104.30 million for the quarter, compared to analyst estimates of $101.00 million. Xperi had a positive return on equity of 7.53% and a negative net margin of 21.11%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.22) earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 24th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend is Wednesday, May 23rd.
Xperi Company Profile
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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