Kestrel Investment Management Corp Sells 13,800 Shares of Xperi Inc. (NASDAQ:XPER)

Kestrel Investment Management Corp cut its holdings in shares of Xperi Inc. (NASDAQ:XPER) by 15.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,821 shares of the semiconductor company’s stock after selling 13,800 shares during the period. Kestrel Investment Management Corp owned approximately 0.17% of Xperi worth $814,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XPER. FMR LLC raised its stake in shares of Xperi by 150.0% in the 1st quarter. FMR LLC now owns 2,270 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 1,362 shares during the period. EMC Capital Management acquired a new stake in shares of Xperi in the third quarter valued at about $32,000. Qube Research & Technologies Ltd acquired a new stake in shares of Xperi in the third quarter valued at about $47,000. Captrust Financial Advisors increased its position in shares of Xperi by 222.1% in the first quarter. Captrust Financial Advisors now owns 3,131 shares of the semiconductor company’s stock valued at $54,000 after acquiring an additional 2,159 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Xperi in the second quarter valued at about $84,000. 94.28% of the stock is currently owned by institutional investors.

Xperi Price Performance

Shares of XPER stock traded up $0.09 during trading on Friday, hitting $9.62. The company had a trading volume of 333,178 shares, compared to its average volume of 419,252. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a market capitalization of $433.19 million, a P/E ratio of -2.99 and a beta of 1.76. The stock’s 50-day moving average price is $10.95 and its 200 day moving average price is $10.37. Xperi Inc. has a one year low of $7.91 and a one year high of $13.62.

Xperi (NASDAQ:XPER) last announced its quarterly earnings data on Wednesday, February 28th. The semiconductor company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.16. Xperi had a negative net margin of 26.20% and a negative return on equity of 7.37%. The business had revenue of $137.23 million during the quarter, compared to the consensus estimate of $138.90 million. Equities analysts expect that Xperi Inc. will post -1.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

XPER has been the topic of a number of recent research reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $15.00 target price on shares of Xperi in a research report on Friday, March 1st. StockNews.com raised Xperi from a “hold” rating to a “buy” rating in a research report on Sunday, April 14th. Finally, TheStreet raised Xperi from a “d+” rating to a “c-” rating in a research report on Tuesday, December 26th.

About Xperi

Xperi Inc operates as a consumer and entertainment technology company worldwide. It offers Pay-TV solutions, including UX solutions that allows service providers to customize elements of the interactive program guide for their customers and to upgrade the programming features and services; IPTV, a cloud-based solution that supports various services and applications, such as TV programming, broadband OTT video content, digital music, photos, and other media experiences; managed IPTV service; video metadata and services; managed IPTV Service, a customizable, cloud-enabled, and end-to-end streaming video solution that enables operators to quickly launch a branded, fully compliant, full-featured Pay-TV service; metadata libraries comprising television, sports, movies, digital-first, celebrities, books, and video games; personalized content discovery, natural language voice, and insights; and TiVo DVR subscriptions, as well as technical support service.