Investors Research Corp Sells 1,399 Shares of Xperi Inc. (NASDAQ:XPER)

Investors Research Corp lessened its stake in shares of Xperi Inc. (NASDAQ:XPER) by 16.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 7,060 shares of the semiconductor company’s stock after selling 1,399 shares during the period. Investors Research Corp’s holdings in Xperi were worth $78,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in XPER. Assenagon Asset Management S.A. bought a new position in shares of Xperi in the 4th quarter valued at $11,994,000. Wellington Management Group LLP increased its position in shares of Xperi by 22.9% during the third quarter. Wellington Management Group LLP now owns 551,794 shares of the semiconductor company’s stock worth $5,441,000 after acquiring an additional 102,635 shares in the last quarter. Tejara Capital Ltd purchased a new position in Xperi during the 3rd quarter worth $748,000. Maven Securities LTD bought a new stake in Xperi in the 3rd quarter worth about $1,972,000. Finally, Rubric Capital Management LP increased its position in shares of Xperi by 5.2% during the third quarter. Rubric Capital Management LP now owns 4,043,744 shares of the semiconductor company’s stock valued at $39,871,000 after acquiring an additional 200,000 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on XPER shares. TheStreet upgraded shares of Xperi from a “d+” rating to a “c-” rating in a research note on Tuesday, December 26th. StockNews.com raised shares of Xperi from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $15.00 price target on shares of Xperi in a report on Friday, March 1st.

Xperi Trading Down 3.6 %

XPER opened at $9.74 on Wednesday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.13. Xperi Inc. has a 12 month low of $7.91 and a 12 month high of $13.62. The business’s 50-day moving average price is $11.00 and its 200-day moving average price is $10.38.

Xperi (NASDAQ:XPER) last issued its quarterly earnings data on Wednesday, February 28th. The semiconductor company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.16. The business had revenue of $137.23 million for the quarter, compared to the consensus estimate of $138.90 million. Xperi had a negative net margin of 26.20% and a negative return on equity of 7.37%. On average, analysts expect that Xperi Inc. will post -1.19 EPS for the current year.

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.