Teachers Advisors LLC Invests $3.12 Million in Xperi Co. (XPER)
Teachers Advisors LLC acquired a new stake in shares of Xperi Co. (NASDAQ:XPER) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 92,015 shares of the semiconductor company’s stock, valued at approximately $3,124,000.
A number of other large investors also recently bought and sold shares of XPER. Frontier Capital Management Co. LLC bought a new stake in Xperi during the first quarter valued at approximately $80,321,000. Deprince Race & Zollo Inc. bought a new stake in Xperi during the first quarter valued at approximately $53,932,000. Wells Fargo & Company MN bought a new stake in Xperi during the first quarter valued at approximately $44,390,000. Trigran Investments Inc. bought a new stake in Xperi during the first quarter valued at approximately $33,488,000. Finally, Bank of New York Mellon Corp bought a new stake in Xperi during the first quarter valued at approximately $32,969,000. 99.59% of the stock is currently owned by institutional investors and hedge funds.
Shares of Xperi Co. (NASDAQ XPER) traded up 0.98% during midday trading on Friday, reaching $25.65. 464,608 shares of the company’s stock traded hands. The stock has a 50 day moving average of $30.07 and a 200-day moving average of $34.15. Xperi Co. has a 12 month low of $24.95 and a 12 month high of $45.95.
Xperi (NASDAQ:XPER) last posted its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. The business had revenue of $91.32 million during the quarter, compared to analysts’ expectations of $90.33 million. Xperi had a negative net margin of 12.22% and a positive return on equity of 11.06%. The business’s quarterly revenue was up 36.3% on a year-over-year basis. During the same period last year, the company posted $0.60 earnings per share. Equities analysts expect that Xperi Co. will post $1.56 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Wednesday, August 16th. Xperi’s payout ratio is -111.11%.
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Several equities research analysts recently commented on XPER shares. TheStreet cut shares of Xperi from a “b-” rating to a “c” rating in a research report on Monday, May 8th. Zacks Investment Research cut shares of Xperi from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 1st.
Xperi Company Profile
Tessera Holding Corporation is a product and technology licensing company. The Company’s technologies and intellectual property are deployed, in areas, such as audio, computational imaging, computer vision, mobile computing and communications, memory, data storage, three dimensional (3D) semiconductor interconnect and packaging.
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