Hsbc Holdings PLC Has $249,000 Holdings in Xperi Inc. (NASDAQ:XPER)

Hsbc Holdings PLC increased its position in shares of Xperi Inc. (NASDAQ:XPER) by 177.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,566 shares of the semiconductor company’s stock after buying an additional 19,562 shares during the period. Hsbc Holdings PLC owned 0.07% of Xperi worth $249,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of XPER. Harbor Capital Advisors Inc. boosted its holdings in shares of Xperi by 66.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 8,523 shares of the semiconductor company’s stock worth $70,000 after buying an additional 3,416 shares in the last quarter. MQS Management LLC bought a new position in Xperi during the first quarter worth $185,000. State Board of Administration of Florida Retirement System grew its holdings in Xperi by 40.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 17,080 shares of the semiconductor company’s stock worth $206,000 after purchasing an additional 4,910 shares during the period. Quest Partners LLC bought a new stake in Xperi in the second quarter valued at $141,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Xperi by 409.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 23,028 shares of the semiconductor company’s stock valued at $278,000 after purchasing an additional 18,508 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Xperi Price Performance

XPER stock opened at $8.87 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.01 and a current ratio of 2.01. The business has a 50-day simple moving average of $8.39 and a two-hundred day simple moving average of $8.98. The company has a market capitalization of $400.46 million, a P/E ratio of -3.26 and a beta of 1.57. Xperi Inc. has a 52-week low of $6.89 and a 52-week high of $12.29.

Xperi (NASDAQ:XPER) last announced its earnings results on Monday, August 5th. The semiconductor company reported ($0.21) earnings per share (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 company had revenue of $119.59 million for the quarter, compared to analysts’ expectations of $118.95 million. Research analysts expect that Xperi Inc. will post -0.83 EPS for the current fiscal year.

Insider Transactions at Xperi

In other news, CEO Jon Kirchner bought 5,000 shares of the stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $8.65 per share, for a total transaction of $43,250.00. Following the completion of the acquisition, the chief executive officer now directly owns 523,692 shares in the company, valued at approximately $4,529,935.80. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Jon Kirchner acquired 5,000 shares of Xperi stock in a transaction on Wednesday, September 11th. The stock was acquired at an average cost of $8.65 per share, with a total value of $43,250.00. Following the transaction, the chief executive officer now owns 523,692 shares of the company’s stock, valued at approximately $4,529,935.80. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David C. Habiger acquired 5,750 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was purchased at an average price of $8.68 per share, with a total value of $49,910.00. Following the purchase, the director now owns 68,205 shares in the company, valued at approximately $592,019.40. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 13,600 shares of company stock worth $117,948 in the last quarter. 1.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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