Wellington Management Group LLP Has $20.44 Million Stock Holdings in Xperi Inc. $XPER

Wellington Management Group LLP boosted its position in Xperi Inc. (NYSE:XPER) by 11.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,483,786 shares of the company’s stock after acquiring an additional 255,082 shares during the quarter. Wellington Management Group LLP owned about 0.05% of Xperi worth $20,442,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in XPER. Quantbot Technologies LP bought a new stake in shares of Xperi during the third quarter valued at approximately $57,000. Sei Investments Co. bought a new position in shares of Xperi in the 1st quarter worth $58,000. Endeavor Private Wealth Inc. acquired a new stake in Xperi in the 4th quarter valued at $69,000. Alpine Global Management LLC bought a new stake in Xperi during the 4th quarter valued at $89,000. Finally, Tactive Advisors LLC increased its stake in Xperi by 59.3% during the 1st quarter. Tactive Advisors LLC now owns 16,270 shares of the company’s stock valued at $91,000 after purchasing an additional 6,055 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

XPER has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xperi in a research note on Wednesday, August 26th. Wall Street Zen cut shares of Xperi from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Rosenblatt Securities reiterated a “buy” rating and set a $10.00 price target on shares of Xperi in a research note on Thursday, August 6th. Finally, BWS Financial reissued a “buy” rating and issued a $12.00 price objective on shares of Xperi in a research note on Friday, August 7th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $11.00.

Xperi Stock Performance

XPER stock opened at $5.80 on Monday. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 0.10. The firm has a market cap of $282.87 million, a PE ratio of -8.29 and a beta of 1.39. The business has a 50 day moving average of $7.15 and a 200-day moving average of $6.87. Xperi Inc. has a 12-month low of $5.07 and a 12-month high of $8.75.

Xperi (NYSE:XPER) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.07. Xperi had a positive return on equity of 4.04% and a negative net margin of 7.12%.The business had revenue of $114.49 million for the quarter, compared to analysts’ expectations of $112.66 million. As a group, sell-side analysts expect that Xperi Inc. will post 0.53 earnings per share for the current year.

Xperi Company 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.