Clearline Capital LP Boosts Stock Position in Xperi Inc. (NASDAQ:XPER)

Clearline Capital LP boosted its position in shares of Xperi Inc. (NASDAQ:XPER) by 37.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,359,750 shares of the semiconductor company’s stock after acquiring an additional 648,207 shares during the quarter. Xperi accounts for approximately 0.5% of Clearline Capital LP’s investment portfolio, making the stock its 18th biggest position. Clearline Capital LP owned 5.15% of Xperi worth $19,374,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of XPER. ProShare Advisors LLC purchased a new stake in Xperi during the 2nd quarter worth approximately $48,000. Harbor Capital Advisors Inc. increased its position in shares of Xperi by 66.9% during the second 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 during the period. Quest Partners LLC purchased a new position in Xperi in the second quarter valued at $141,000. DRW Securities LLC acquired a new position in Xperi during the 2nd quarter worth $149,000. Finally, MQS Management LLC purchased a new stake in Xperi during the 1st quarter worth about $185,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Xperi Trading Down 0.4 %

NASDAQ XPER opened at $9.14 on Friday. Xperi Inc. has a 12 month low of $6.89 and a 12 month high of $12.29. The company has a market capitalization of $418.70 million, a price-to-earnings ratio of -3.36 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. The firm’s fifty day moving average price is $8.27 and its 200 day moving average price is $9.05.

Xperi (NASDAQ:XPER) last posted its earnings results on Monday, August 5th. The semiconductor company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.13. The business had revenue of $119.59 million for the quarter, compared to analysts’ expectations of $118.95 million. Xperi had a negative return on equity of 10.15% and a negative net margin of 21.67%. On average, sell-side analysts expect that Xperi Inc. will post -0.83 earnings per share for the current fiscal year.

Insider Transactions at Xperi

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

Analyst Upgrades and Downgrades

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

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.