Trigran Investments Inc. lowered its holdings in shares of Xperi Co. (NASDAQ:XPER) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,144,495 shares of the semiconductor company’s stock after selling 5,552 shares during the quarter. Xperi makes up approximately 5.1% of Trigran Investments Inc.’s holdings, making the stock its 9th biggest position. Trigran Investments Inc. owned about 2.33% of Xperi worth $24,206,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stevens Capital Management LP purchased a new stake in shares of Xperi during the 1st quarter valued at about $441,000. First Mercantile Trust Co. increased its position in shares of Xperi by 56.3% during the 1st quarter. First Mercantile Trust Co. now owns 11,027 shares of the semiconductor company’s stock valued at $233,000 after purchasing an additional 3,974 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Xperi during the 1st quarter valued at about $1,256,000. Schwab Charles Investment Management Inc. increased its position in shares of Xperi by 10.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 354,399 shares of the semiconductor company’s stock valued at $7,496,000 after purchasing an additional 34,105 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of Xperi by 4.2% during the 1st quarter. Swiss National Bank now owns 86,200 shares of the semiconductor company’s stock valued at $1,823,000 after purchasing an additional 3,500 shares during the last quarter.
Several equities research analysts have recently commented on XPER shares. BidaskClub raised shares of Xperi from a “sell” rating to a “hold” rating in a research report on Friday, March 9th. ValuEngine lowered shares of Xperi from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Royal Bank of Canada started coverage on shares of Xperi in a research report on Monday, March 5th. They set an “outperform” rating and a $27.00 price target for the company. Finally, Benchmark reaffirmed a “buy” rating and set a $40.00 price target (down previously from $53.00) on shares of Xperi in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Xperi presently has an average rating of “Hold” and an average target price of $33.50.
Xperi opened at $20.65 on Monday, Marketbeat.com reports. The company has a market capitalization of $1.01 billion, a P/E ratio of 31.77 and a beta of 0.56. Xperi Co. has a 12-month low of $16.70 and a 12-month high of $35.40. The company has a quick ratio of 7.13, a current ratio of 7.13 and a debt-to-equity ratio of 0.79.
Xperi (NASDAQ:XPER) last released its earnings results on Thursday, May 3rd. The semiconductor company reported ($0.67) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($1.20). The firm had revenue of $104.30 million during the quarter, compared to analysts’ expectations of $101.00 million. Xperi had a positive return on equity of 7.53% and a negative net margin of 21.11%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.22) earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 24th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.87%. The ex-dividend date 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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