Xperi Inc. (NASDAQ:XPER) Stock Holdings Reduced by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its position in Xperi Inc. (NASDAQ:XPER) by 38.3% during the second quarter, HoldingsChannel.com reports. The firm owned 248,989 shares of the semiconductor company’s stock after selling 154,277 shares during the quarter. Bank of New York Mellon Corp’s holdings in Xperi were worth $2,044,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XPER. Russell Investments Group Ltd. grew its stake in Xperi by 68.6% in the fourth quarter. Russell Investments Group Ltd. now owns 25,905 shares of the semiconductor company’s stock valued at $285,000 after purchasing an additional 10,543 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Xperi during the 4th quarter valued at about $546,000. Wellington Management Group LLP increased its holdings in shares of Xperi by 16.1% during the 4th quarter. Wellington Management Group LLP now owns 640,768 shares of the semiconductor company’s stock valued at $7,061,000 after acquiring an additional 88,974 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Xperi by 409.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 23,028 shares of the semiconductor company’s stock valued at $278,000 after acquiring an additional 18,508 shares during the last quarter. Finally, TSP Capital Management Group LLC increased its holdings in shares of Xperi by 23.1% during the 1st quarter. TSP Capital Management Group LLC now owns 284,790 shares of the semiconductor company’s stock valued at $3,435,000 after acquiring an additional 53,460 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of research analysts have recently commented on XPER shares. Craig Hallum lowered their price objective on Xperi from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. StockNews.com lowered Xperi from a “buy” rating to a “hold” rating in a report on Thursday, September 12th. Rosenblatt Securities reissued a “buy” rating and set a $15.00 price objective on shares of Xperi in a report on Tuesday, August 6th. Finally, BWS Financial restated a “top pick” rating and set a $30.00 target price on shares of Xperi in a research note on Thursday, August 22nd. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $19.00.

Xperi Price Performance

Shares of NASDAQ:XPER opened at $8.83 on Wednesday. The business has a 50 day moving average price of $8.12 and a 200 day moving average price of $9.12. Xperi Inc. has a twelve month low of $6.89 and a twelve month high of $12.29. The company has a market cap of $398.66 million, a price-to-earnings ratio of -3.25 and a beta of 1.57. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.14.

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

Xperi Company 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.