Xperi Corp (NASDAQ:XPER) Short Interest Update

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Xperi Corp (NASDAQ:XPER) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 4,430,000 shares, an increase of 19.7% from the August 15th total of 3,700,000 shares. Based on an average daily volume of 1,080,000 shares, the days-to-cover ratio is presently 4.1 days.

Several brokerages have recently weighed in on XPER. Craig Hallum reiterated a “buy” rating and set a $20.00 price target on shares of Xperi in a research report on Sunday, July 5th. BidaskClub cut shares of Xperi from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. BWS Financial initiated coverage on shares of Xperi in a research report on Monday, August 24th. They issued a “buy” rating and a $26.00 price objective on the stock. B. Riley restated a “buy” rating and issued a $35.00 price objective on shares of Xperi in a research report on Tuesday, July 28th. Finally, Zacks Investment Research cut shares of Xperi from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Three analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $25.75.

NASDAQ:XPER opened at $12.43 on Thursday. The firm has a market cap of $1.35 billion, a PE ratio of -21.43 and a beta of 0.33. Xperi has a fifty-two week low of $9.01 and a fifty-two week high of $21.71. The company has a debt-to-equity ratio of 0.72, a quick ratio of 7.25 and a current ratio of 2.54. The business has a 50 day moving average price of $14.23 and a 200-day moving average price of $14.26.

Xperi (NASDAQ:XPER) last released its quarterly earnings data on Monday, August 10th. The semiconductor company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.12. The firm had revenue of $93.40 million during the quarter, compared to analyst estimates of $119.20 million. Xperi had a positive return on equity of 18.37% and a negative net margin of 8.65%. Research analysts predict that Xperi will post -0.5 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 21st. Stockholders of record on Monday, August 31st will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, August 28th. Xperi’s dividend payout ratio (DPR) is presently 7.81%.

In related news, insider Samir Armaly purchased 2,132 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were purchased at an average cost of $11.73 per share, for a total transaction of $25,008.36. Following the completion of the transaction, the insider now directly owns 171,814 shares in the company, valued at approximately $2,015,378.22. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David C. Habiger purchased 7,530 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were bought at an average price of $13.31 per share, for a total transaction of $100,224.30. Following the completion of the transaction, the director now owns 30,593 shares of the company’s stock, valued at $407,192.83. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 27,594 shares of company stock worth $355,367. Insiders own 1.80% of the company’s stock.

Several large investors have recently added to or reduced their stakes in XPER. Vanguard Group Inc. lifted its position in shares of Xperi by 108.0% during the 2nd quarter. Vanguard Group Inc. now owns 12,103,152 shares of the semiconductor company’s stock valued at $178,643,000 after buying an additional 6,284,297 shares in the last quarter. FMR LLC lifted its position in shares of Xperi by 12.1% during the 2nd quarter. FMR LLC now owns 1,891,417 shares of the semiconductor company’s stock valued at $27,918,000 after buying an additional 204,006 shares in the last quarter. American Financial Group Inc. lifted its position in shares of Xperi by 49.9% during the 2nd quarter. American Financial Group Inc. now owns 1,775,342 shares of the semiconductor company’s stock valued at $26,204,000 after buying an additional 591,040 shares in the last quarter. Neuberger Berman Group LLC purchased a new position in shares of Xperi during the 2nd quarter valued at about $25,068,000. Finally, State Street Corp lifted its position in shares of Xperi by 2.3% during the 1st quarter. State Street Corp now owns 1,589,951 shares of the semiconductor company’s stock valued at $22,116,000 after buying an additional 36,236 shares in the last quarter. 86.16% of the stock is owned by hedge funds and other institutional investors.

About Xperi

Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, South Korea, Taiwan, Japan, Europe, the Middle East, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.

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