DAVENPORT & Co LLC bought a new position in Xperi Co. (NASDAQ:XPER) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 56,422 shares of the semiconductor company’s stock, valued at approximately $1,377,000. DAVENPORT & Co LLC owned about 0.11% of Xperi at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Flinton Capital Management LLC boosted its stake in shares of Xperi by 65.1% during the 2nd quarter. Flinton Capital Management LLC now owns 4,828 shares of the semiconductor company’s stock worth $144,000 after acquiring an additional 1,904 shares during the last quarter. Riverhead Capital Management LLC boosted its stake in shares of Xperi by 68.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,897 shares of the semiconductor company’s stock worth $146,000 after acquiring an additional 1,997 shares during the last quarter. Pinebridge Investments L.P. boosted its stake in shares of Xperi by 1.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 6,515 shares of the semiconductor company’s stock worth $194,000 after acquiring an additional 116 shares during the last quarter. Ramsey Quantitative Systems bought a new stake in shares of Xperi during the 2nd quarter valued at $276,000. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of Xperi during the 2nd quarter valued at $319,000.
Shares of Xperi Co. (XPER) remained flat at $$22.65 during mid-day trading on Wednesday. 443,800 shares of the company’s stock traded hands, compared to its average volume of 571,400. The stock has a market capitalization of $1,120.00, a P/E ratio of -15.62 and a beta of 0.73. Xperi Co. has a 52-week low of $16.70 and a 52-week high of $45.90. The company has a debt-to-equity ratio of 1.32, a quick ratio of 3.15 and a current ratio of 3.15.
Xperi (NASDAQ:XPER) last announced its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.06). The firm had revenue of $88.50 million for the quarter, compared to the consensus estimate of $94.20 million. Xperi had a negative net margin of 22.54% and a positive return on equity of 8.10%. The business’s revenue for the quarter was up 41.8% on a year-over-year basis.
Several analysts have recently commented on the stock. BidaskClub downgraded shares of Xperi from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Bank of America downgraded shares of Xperi from a “buy” rating to a “neutral” rating in a research report on Friday, November 3rd. Finally, Zacks Investment Research upgraded shares of Xperi from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 28th.
In related news, CFO Robert J. Andersen purchased 2,000 shares of Xperi stock in a transaction on Monday, November 6th. The shares were bought at an average cost of $17.75 per share, for a total transaction of $35,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jon Kirchner purchased 5,000 shares of Xperi stock in a transaction on Monday, November 6th. The stock was bought at an average price of $18.75 per share, for a total transaction of $93,750.00. The disclosure for this purchase can be found here. Insiders have bought a total of 21,388 shares of company stock worth $400,127 over the last 90 days. Insiders own 2.40% of the company’s stock.
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Tessera Holding Corporation is a product and technology licensing company. The Company’s technologies and intellectual property are deployed, in areas, such as audio, computational imaging, computer vision, mobile computing and communications, memory, data storage, three dimensional (3D) semiconductor interconnect and packaging.
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