Susquehanna Portfolio Strategies LLC Has $227,000 Stock Position in Xperi Inc. (NASDAQ:XPER)

Susquehanna Portfolio Strategies LLC cut its holdings in Xperi Inc. (NASDAQ:XPER) by 60.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,661 shares of the semiconductor company’s stock after selling 42,007 shares during the period. Susquehanna Portfolio Strategies LLC’s holdings in Xperi were worth $227,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Millennium Management LLC grew its stake in Xperi by 703.2% during the second quarter. Millennium Management LLC now owns 592,415 shares of the semiconductor company’s stock worth $4,864,000 after buying an additional 518,661 shares in the last quarter. Squarepoint Ops LLC increased its stake in Xperi by 60.0% in the second quarter. Squarepoint Ops LLC now owns 166,379 shares of the semiconductor company’s stock valued at $1,366,000 after acquiring an additional 62,367 shares during the last quarter. Marshall Wace LLP bought a new position in Xperi in the second quarter valued at approximately $534,000. DRW Securities LLC acquired a new position in Xperi during the second quarter valued at approximately $149,000. Finally, ProShare Advisors LLC bought a new stake in Xperi during the second quarter worth $48,000. 94.28% of the stock is owned by institutional investors.

Insider Activity at Xperi

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

Xperi Price Performance

NASDAQ XPER opened at $9.14 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.01 and a current ratio of 2.01. Xperi Inc. has a twelve month low of $6.89 and a twelve month high of $12.29. The stock has a fifty day simple moving average of $8.27 and a 200 day simple moving average of $9.03.

Xperi (NASDAQ:XPER) last announced 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. 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%. As a group, analysts predict that Xperi Inc. will post -0.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.