WINTON GROUP Ltd Sells 2,692 Shares of Xperi Inc. (NASDAQ:XPER)

WINTON GROUP Ltd lowered its position in Xperi Inc. (NASDAQ:XPER) by 3.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,053 shares of the semiconductor company’s stock after selling 2,692 shares during the period. WINTON GROUP Ltd owned 0.16% of Xperi worth $592,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its position in shares of 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 acquiring an additional 3,416 shares in the last quarter. Quest Partners LLC bought a new position in shares of Xperi in the 2nd quarter worth approximately $141,000. MQS Management LLC bought a new position in shares of Xperi in the 1st quarter worth approximately $185,000. State Board of Administration of Florida Retirement System raised its position in shares of Xperi by 40.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 17,080 shares of the semiconductor company’s stock worth $206,000 after acquiring an additional 4,910 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Xperi by 409.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 23,028 shares of the semiconductor company’s stock worth $278,000 after acquiring an additional 18,508 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Xperi Stock Performance

Xperi stock opened at $8.83 on Wednesday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $398.66 million, a P/E ratio of -3.25 and a beta of 1.57. The stock’s 50 day moving average is $8.12 and its 200 day moving average is $9.12. Xperi Inc. has a twelve month low of $6.89 and a twelve month high of $12.29.

Xperi (NASDAQ:XPER) last issued its 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. Xperi had a negative return on equity of 10.15% and a negative net margin of 21.67%. The business had revenue of $119.59 million for the quarter, compared to the consensus estimate of $118.95 million. On average, equities research analysts predict that Xperi Inc. will post -0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on XPER shares. StockNews.com lowered Xperi from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. BWS Financial restated a “top pick” rating and issued a $30.00 price target on shares of Xperi in a research note on Thursday, August 22nd. Craig Hallum cut their price target on Xperi from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $15.00 price target on shares of Xperi in a research note on Tuesday, August 6th. 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. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $19.00.

Insider Activity

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

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.