Xperi Inc. (NASDAQ:XPER) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its position in Xperi Inc. (NASDAQ:XPER) by 10.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,500 shares of the semiconductor company’s stock after selling 4,000 shares during the period. Public Employees Retirement System of Ohio owned 0.08% of Xperi worth $350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in XPER. Raymond James & Associates purchased a new position in Xperi during the first quarter worth approximately $416,000. Bank of New York Mellon Corp lifted its position in Xperi by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 1,370,119 shares of the semiconductor company’s stock worth $23,730,000 after buying an additional 15,855 shares in the last quarter. Citigroup Inc. lifted its position in Xperi by 2.6% during the first quarter. Citigroup Inc. now owns 108,251 shares of the semiconductor company’s stock worth $1,875,000 after buying an additional 2,695 shares in the last quarter. MetLife Investment Management LLC lifted its position in Xperi by 56.8% during the first quarter. MetLife Investment Management LLC now owns 55,141 shares of the semiconductor company’s stock worth $955,000 after buying an additional 19,978 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Xperi by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 90,115 shares of the semiconductor company’s stock worth $1,561,000 after buying an additional 11,111 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Xperi Price Performance

NASDAQ:XPER opened at $11.52 on Thursday. Xperi Inc. has a 52 week low of $7.91 and a 52 week high of $13.62. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $518.75 million, a P/E ratio of -3.61 and a beta of 1.73. The stock’s fifty day moving average is $10.97 and its two-hundred day moving average is $10.29.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on XPER. TheStreet upgraded Xperi from a “d+” rating to a “c-” rating in a research report on Tuesday, December 26th. Rosenblatt Securities restated a “buy” rating and issued a $15.00 target price on shares of Xperi in a research report on Friday, March 1st.

About Xperi

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.