Raymond James & Associates Raises Holdings in Xperi Inc. (NASDAQ:XPER)

Raymond James & Associates increased its holdings in shares of Xperi Inc. (NASDAQ:XPER) by 11.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,266 shares of the semiconductor company’s stock after purchasing an additional 4,713 shares during the quarter. Raymond James & Associates owned 0.11% of Xperi worth $510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC boosted its holdings in Xperi by 162.1% in the third quarter. SG Americas Securities LLC now owns 34,012 shares of the semiconductor company’s stock worth $335,000 after purchasing an additional 21,034 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Xperi in the 3rd quarter worth $127,000. Bank of New York Mellon Corp grew its holdings in shares of Xperi by 1.8% in the third quarter. Bank of New York Mellon Corp now owns 370,912 shares of the semiconductor company’s stock worth $3,657,000 after acquiring an additional 6,608 shares during the period. Mackenzie Financial Corp increased its position in Xperi by 17.6% during the third quarter. Mackenzie Financial Corp now owns 33,704 shares of the semiconductor company’s stock valued at $322,000 after acquiring an additional 5,034 shares during the last quarter. Finally, Versor Investments LP lifted its holdings in Xperi by 27.1% in the third quarter. Versor Investments LP now owns 17,246 shares of the semiconductor company’s stock valued at $170,000 after acquiring an additional 3,672 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Xperi Price Performance

Shares of Xperi stock opened at $9.95 on Friday. The stock’s fifty day moving average is $10.81 and its 200 day moving average is $10.39. Xperi Inc. has a one year low of $7.91 and a one year high of $13.62. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a market cap of $448.05 million, a P/E ratio of -3.12 and a beta of 1.76.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. StockNews.com upgraded Xperi from a “hold” rating to a “buy” rating in a research note on Sunday, April 14th. Rosenblatt Securities restated a “buy” rating and set a $15.00 target price on shares of Xperi in a research report on Friday, March 1st.

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.