Quest Partners LLC Acquires Shares of 17,129 Xperi Inc. (NASDAQ:XPER)

Quest Partners LLC bought a new position in Xperi Inc. (NASDAQ:XPER) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 17,129 shares of the semiconductor company’s stock, valued at approximately $141,000.

Several other institutional investors and hedge funds have also recently modified their holdings of XPER. Price T Rowe Associates Inc. MD raised its position in Xperi by 3.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 62,848 shares of the semiconductor company’s stock worth $758,000 after acquiring an additional 2,030 shares during the period. Harbor Capital Advisors Inc. grew its stake in Xperi by 66.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 8,523 shares of the semiconductor company’s stock worth $70,000 after buying an additional 3,416 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Xperi by 40.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 17,080 shares of the semiconductor company’s stock valued at $206,000 after purchasing an additional 4,910 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Xperi by 21.9% during the first quarter. Public Employees Retirement System of Ohio now owns 49,177 shares of the semiconductor company’s stock valued at $593,000 after buying an additional 8,827 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its holdings in Xperi by 5.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 190,895 shares of the semiconductor company’s stock worth $2,302,000 after acquiring an additional 10,022 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XPER has been the subject of several recent research reports. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 target price on shares of Xperi in a report on Tuesday, August 6th. BWS Financial reaffirmed a “top pick” rating and issued a $30.00 price objective on shares of Xperi in a research report on Thursday, August 22nd. Craig Hallum reduced their target price on Xperi from $15.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Finally, StockNews.com downgraded Xperi from a “buy” rating to a “hold” rating in a report on Thursday, September 12th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $19.00.

Insider Transactions at Xperi

In related news, Director David C. Habiger bought 5,750 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were bought at an average cost of $8.68 per share, for a total transaction of $49,910.00. Following the completion of the transaction, the director now owns 68,205 shares of the company’s stock, valued at $592,019.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Jon Kirchner bought 5,000 shares of Xperi stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average cost of $8.65 per share, with a total value of $43,250.00. Following the acquisition, the chief executive officer now owns 523,692 shares of the company’s stock, valued at approximately $4,529,935.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David C. Habiger purchased 5,750 shares of the stock in a transaction on Wednesday, August 21st. The shares were purchased at an average cost of $8.68 per share, for a total transaction of $49,910.00. Following the acquisition, the director now directly owns 68,205 shares of the company’s stock, valued at $592,019.40. The disclosure for this purchase can be found here. Insiders have acquired 13,600 shares of company stock worth $117,948 in the last 90 days. 1.70% of the stock is currently owned by insiders.

Xperi Stock Performance

Shares of XPER opened at $8.77 on Tuesday. The firm has a market capitalization of $395.95 million, a P/E ratio of -3.22 and a beta of 1.57. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.01 and a quick ratio of 2.01. Xperi Inc. has a one year low of $6.89 and a one year high of $12.29. The business has a fifty day moving average of $8.10 and a 200 day moving average of $9.14.

Xperi (NASDAQ:XPER) last released its quarterly earnings results on Monday, August 5th. The semiconductor company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.13. The firm had revenue of $119.59 million during the quarter, compared to analyst estimates of $118.95 million. Xperi had a negative net margin of 21.67% and a negative return on equity of 10.15%. As a group, sell-side analysts anticipate that Xperi Inc. will post -0.83 EPS for the current year.

Xperi Profile

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.