Robert J. Andersen Purchases 1,700 Shares of Xperi Inc. (NASDAQ:XPER) Stock

Xperi Inc. (NASDAQ:XPER) CFO Robert J. Andersen acquired 1,700 shares of the stock in a transaction dated Friday, August 30th. The stock was acquired at an average cost of $8.75 per share, for a total transaction of $14,875.00. Following the purchase, the chief financial officer now directly owns 254,098 shares in the company, valued at $2,223,357.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Xperi Stock Performance

Shares of Xperi stock opened at $8.65 on Wednesday. Xperi Inc. has a 12 month low of $6.89 and a 12 month high of $12.29. 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 stock has a market cap of $396.26 million, a PE ratio of -3.18 and a beta of 1.57. The business has a fifty day simple moving average of $8.01 and a 200-day simple moving average of $9.31.

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

Institutional Trading of Xperi

Hedge funds and other institutional investors have recently modified their holdings of the company. ProShare Advisors LLC acquired a new position in Xperi in the 2nd quarter worth about $48,000. Harbor Capital Advisors Inc. raised its position in Xperi by 66.9% during the second quarter. Harbor Capital Advisors Inc. now owns 8,523 shares of the semiconductor company’s stock valued at $70,000 after acquiring an additional 3,416 shares in the last quarter. Gladius Capital Management LP lifted its stake in shares of Xperi by 16.1% in the 4th quarter. Gladius Capital Management LP now owns 9,113 shares of the semiconductor company’s stock valued at $100,000 after purchasing an additional 1,267 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Xperi by 46.8% during the 4th 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 in the last quarter. Finally, Quest Partners LLC bought a new stake in Xperi during the second quarter worth approximately $141,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on XPER. BWS Financial reiterated a “top pick” rating and set a $30.00 price objective on shares of Xperi in a research report on Thursday, August 22nd. StockNews.com lowered Xperi from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Craig Hallum decreased their price target on Xperi from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Finally, Rosenblatt Securities restated a “buy” rating and set a $15.00 price objective on shares of Xperi in a report on Tuesday, August 6th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $19.00.

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.