Wellington Management Group LLP Raises Stock Position in Xperi Inc. (NASDAQ:XPER)

Wellington Management Group LLP lifted its stake in shares of Xperi Inc. (NASDAQ:XPER) by 16.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 640,768 shares of the semiconductor company’s stock after acquiring an additional 88,974 shares during the quarter. Wellington Management Group LLP’s holdings in Xperi were worth $7,061,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Gladius Capital Management LP increased its position in shares of Xperi by 16.1% during the fourth quarter. Gladius Capital Management LP now owns 9,113 shares of the semiconductor company’s stock worth $100,000 after acquiring an additional 1,267 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Xperi by 46.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,235 shares of the semiconductor company’s stock worth $113,000 after acquiring an additional 3,262 shares during the period. EWA LLC purchased a new position in shares of Xperi during the fourth quarter worth approximately $128,000. Louisiana State Employees Retirement System purchased a new position in Xperi during the fourth quarter valued at approximately $239,000. Finally, Russell Investments Group Ltd. increased its holdings in Xperi by 68.6% during the fourth quarter. Russell Investments Group Ltd. now owns 25,905 shares of the semiconductor company’s stock valued at $285,000 after buying an additional 10,543 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Xperi Price Performance

NASDAQ XPER opened at $8.16 on Friday. The firm’s fifty day simple moving average is $9.09 and its two-hundred day simple moving average is $10.27. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.13. Xperi Inc. has a 12-month low of $7.34 and a 12-month high of $13.62. The firm has a market capitalization of $368.42 million, a P/E ratio of -3.00 and a beta of 1.60.

Xperi (NASDAQ:XPER) last released its quarterly earnings results on Wednesday, May 8th. The semiconductor company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.02. Xperi had a negative net margin of 22.93% and a negative return on equity of 8.35%. The business had revenue of $118.84 million for the quarter, compared to analyst estimates of $125.23 million. Analysts forecast that Xperi Inc. will post -0.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on XPER. StockNews.com lowered shares of Xperi from a “buy” rating to a “hold” rating in a report on Friday, May 10th. BWS Financial reissued a “top pick” rating and set a $30.00 price objective on shares of Xperi in a report on Thursday, May 9th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $15.00 price objective on shares of Xperi in a report on Friday, March 1st.

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.