HAP Trading LLC bought a new position in shares of Xperi Co. (NASDAQ:XPER) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 16,807 shares of the semiconductor company’s stock, valued at approximately $410,000.
Several other large investors have also modified their holdings of the business. Frontier Investment Mgmt Co. acquired a new stake in shares of Xperi during the fourth quarter worth $6,411,000. Virtu Financial LLC acquired a new stake in shares of Xperi during the fourth quarter worth $544,000. UBS Asset Management Americas Inc. raised its holdings in shares of Xperi by 98.2% during the fourth quarter. UBS Asset Management Americas Inc. now owns 26,755 shares of the semiconductor company’s stock worth $653,000 after purchasing an additional 13,257 shares during the period. BlackRock Inc. raised its holdings in shares of Xperi by 2.1% during the fourth quarter. BlackRock Inc. now owns 6,074,523 shares of the semiconductor company’s stock worth $148,217,000 after purchasing an additional 125,720 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Xperi by 10.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,044,018 shares of the semiconductor company’s stock worth $25,474,000 after purchasing an additional 100,745 shares during the period.
Shares of Xperi Co. (NASDAQ XPER) opened at $21.75 on Tuesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.54 and a quick ratio of 3.15. Xperi Co. has a twelve month low of $16.70 and a twelve month high of $45.10. The firm has a market cap of $1,072.59, a PE ratio of -19.08 and a beta of 0.58.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 1st will be issued a $0.20 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.68%. Xperi’s dividend payout ratio (DPR) is presently -70.18%.
In other news, Director Richard Hill acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were acquired at an average price of $18.75 per share, with a total value of $187,500.00. Following the acquisition, the director now directly owns 60,854 shares in the company, valued at $1,141,012.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Geir Skaaden acquired 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The stock was purchased at an average cost of $18.56 per share, for a total transaction of $55,680.00. Following the acquisition, the insider now owns 45,248 shares in the company, valued at $839,802.88. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 16,000 shares of company stock worth $301,920. Corporate insiders own 2.40% of the company’s stock.
A number of analysts have weighed in on XPER shares. Bank of America cut shares of Xperi from a “buy” rating to a “neutral” rating in a report on Friday, November 3rd. BidaskClub cut shares of Xperi from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. ValuEngine cut shares of Xperi from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Benchmark reissued a “buy” rating and set a $40.00 target price (down from $53.00) on shares of Xperi in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.00.
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Xperi Company Profile
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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