Waterfront Wealth Inc. Buys 122,168 Shares of Xperi Inc. $XPER

Waterfront Wealth Inc. boosted its stake in shares of Xperi Inc. (NYSE:XPER) by 24.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 617,115 shares of the company’s stock after purchasing an additional 122,168 shares during the quarter. Waterfront Wealth Inc.’s holdings in Xperi were worth $3,456,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Abel Hall LLC acquired a new stake in Xperi in the 1st quarter valued at approximately $91,000. TSP Capital Management Group LLC raised its holdings in shares of Xperi by 273.5% in the 1st quarter. TSP Capital Management Group LLC now owns 821,294 shares of the company’s stock worth $4,599,000 after buying an additional 601,396 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Xperi by 47.3% during the first quarter. Assenagon Asset Management S.A. now owns 716,784 shares of the company’s stock valued at $4,014,000 after acquiring an additional 230,189 shares during the period. Tactive Advisors LLC lifted its holdings 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 during the last quarter. Finally, Hsbc Holdings PLC acquired a new position in shares of Xperi in the 4th quarter worth approximately $327,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on XPER shares. BWS Financial reissued a “buy” rating and set a $12.00 price objective on shares of Xperi in a report on Monday, June 22nd. Zacks Research upgraded shares of Xperi from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Xperi in a research note on Friday, May 29th. Finally, Wall Street Zen upgraded shares of Xperi from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. 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 MarketBeat, Xperi has an average rating of “Hold” and a consensus price target of $11.00.

Xperi Stock Performance

Shares of Xperi stock opened at $8.04 on Friday. Xperi Inc. has a 12 month low of $5.07 and a 12 month high of $8.75. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $388.33 million, a PE ratio of -8.13 and a beta of 1.42. The stock’s fifty day simple moving average is $7.78 and its 200 day simple moving average is $6.56.

Xperi (NYSE:XPER) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating 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 business had revenue of $114.21 million during the quarter, compared to analyst estimates of $107.89 million. On average, research analysts predict that Xperi Inc. will post 0.35 EPS 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.