Pinebridge Investments L.P. lessened its holdings in shares of Xperi Corp (NASDAQ:XPER) by 23.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 49,022 shares of the semiconductor company’s stock after selling 14,723 shares during the quarter. Pinebridge Investments L.P.’s holdings in Xperi were worth $1,009,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Private Ocean LLC purchased a new stake in shares of Xperi during the second quarter valued at $28,000. Penserra Capital Management LLC lifted its holdings in shares of Xperi by 50.0% during the first quarter. Penserra Capital Management LLC now owns 2,478 shares of the semiconductor company’s stock valued at $57,000 after purchasing an additional 826 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in Xperi during the second quarter valued at $80,000. First Quadrant L P CA acquired a new position in Xperi during the second quarter valued at $129,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Xperi in the 2nd quarter worth about $135,000. Institutional investors own 96.69% of the company’s stock.
Several research analysts have weighed in on the company. BidaskClub raised Xperi from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 12th. Zacks Investment Research lowered Xperi from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 14th. B. Riley set a $30.00 target price on Xperi and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Finally, ValuEngine lowered Xperi from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $31.00.
Shares of XPER traded up $0.03 during trading hours on Friday, hitting $20.37. 10,569 shares of the company were exchanged, compared to its average volume of 298,608. The company has a market cap of $1.02 billion, a PE ratio of 8.21 and a beta of 0.38. The firm’s 50 day moving average is $19.63 and its 200-day moving average is $21.82. Xperi Corp has a 52 week low of $12.08 and a 52 week high of $25.84. The company has a debt-to-equity ratio of 0.69, a quick ratio of 7.58 and a current ratio of 7.58.
Xperi (NASDAQ:XPER) last released its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.10. The company had revenue of $92.30 million during the quarter, compared to the consensus estimate of $90.20 million. Xperi had a return on equity of 22.90% and a net margin of 7.37%. As a group, equities analysts forecast that Xperi Corp will post 2.27 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, August 26th. This represents a $0.80 annualized dividend and a dividend yield of 3.93%. Xperi’s dividend payout ratio (DPR) is presently 32.26%.
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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