Huber Capital Management LLC Sells 165,336 Shares of Xperi Inc. $XPER

Huber Capital Management LLC trimmed its stake in Xperi Inc. (NYSE:XPER) by 66.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 83,550 shares of the company’s stock after selling 165,336 shares during the period. Huber Capital Management LLC’s holdings in Xperi were worth $490,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Quantbot Technologies LP bought a new stake in shares of Xperi in the 3rd quarter valued at approximately $57,000. Tactive Advisors LLC bought a new stake in shares of Xperi in the 4th quarter valued at approximately $60,000. Endeavor Private Wealth Inc. bought a new stake in shares of Xperi in the 4th quarter valued at approximately $69,000. AlphaQuest LLC lifted its stake in shares of Xperi by 51.6% in the 3rd quarter. AlphaQuest LLC now owns 14,185 shares of the company’s stock valued at $92,000 after purchasing an additional 4,829 shares during the last quarter. Finally, Cerity Partners LLC bought a new stake in shares of Xperi in the 4th quarter valued at approximately $92,000. 94.28% of the stock is owned by institutional investors.

Xperi Trading Up 2.9%

Shares of NYSE XPER opened at $7.74 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.36 and a current ratio of 2.36. The business’s 50 day moving average price is $7.10 and its 200-day moving average price is $6.28. Xperi Inc. has a fifty-two week low of $5.07 and a fifty-two week high of $8.49. The company has a market cap of $373.51 million, a price-to-earnings ratio of -7.82 and a beta of 1.46.

Xperi (NYSE:XPER) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.23 earnings per share for the quarter, topping 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 firm had revenue of $114.21 million for the quarter, compared to the consensus estimate of $107.90 million. On average, sell-side analysts expect that Xperi Inc. will post 0.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

XPER has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xperi in a research note on Friday, May 29th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Xperi in a research note on Thursday, February 26th. Zacks Research upgraded Xperi from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Finally, Wall Street Zen upgraded Xperi from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.00.

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.