Xperi Inc. $XPER Position Increased by Clearline Capital LP

Clearline Capital LP grew its holdings in Xperi Inc. (NYSE:XPER) by 69.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,949,895 shares of the company’s stock after purchasing an additional 1,210,914 shares during the period. Xperi comprises 0.9% of Clearline Capital LP’s portfolio, making the stock its 23rd largest holding. Clearline Capital LP owned about 0.06% of Xperi worth $17,286,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC acquired a new position in shares of Xperi in the 3rd quarter valued at about $139,000. Brooklyn Investment Group acquired a new position in shares of Xperi in the 3rd quarter valued at about $135,000. Creative Planning acquired a new position in shares of Xperi in the 2nd quarter valued at about $135,000. Aquatic Capital Management LLC acquired a new position in shares of Xperi in the 3rd quarter valued at about $130,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Xperi by 331.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 18,686 shares of the company’s stock valued at $121,000 after purchasing an additional 14,356 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Xperi Trading Down 1.4%

Shares of XPER stock opened at $7.75 on Thursday. Xperi Inc. has a 12 month low of $5.07 and a 12 month high of $8.49. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average is $7.22 and its two-hundred day moving average is $6.32. The company has a market cap of $374.09 million, a PE ratio of -7.83 and a beta of 1.46.

Xperi (NYSE:XPER) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.15 by $0.08. Xperi had a positive return on equity of 1.09% and a negative net margin of 10.22%.The company had revenue of $114.21 million for the quarter, compared to the consensus estimate of $107.90 million. Equities analysts predict that Xperi Inc. will post 0.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wall Street Zen upgraded Xperi from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Zacks Research upgraded Xperi from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xperi in a report on Friday, May 29th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 target price on shares of Xperi in a report on Thursday, February 26th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Xperi presently has a consensus rating of “Hold” and a consensus price target of $11.00.

Xperi Profile

Xperi Inc (NYSE: XPER) is a global technology company that develops and licenses audio, imaging and semiconductor packaging solutions. The company was formed in 2016 through the spin-off of Tessera Technologies’ product divisions and expanded its product portfolio in 2019 with the acquisition of TiVo Corporation. Headquartered in San Jose, California, Xperi’s technologies underpin a range of consumer electronics, automotive, mobile and broadcast products around the world.

In its technology licensing segment, Xperi offers a broad portfolio of semiconductor packaging and interconnect solutions designed to improve performance and energy efficiency in chips and devices.