Comerica Bank raised its holdings in Xperi Co. (NASDAQ:XPER) by 17.0% in the 4th quarter, Holdings Channel reports. The firm owned 286,097 shares of the semiconductor company’s stock after purchasing an additional 41,532 shares during the quarter. Comerica Bank’s holdings in Xperi were worth $7,009,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Evermore Global Advisors LLC raised its position in Xperi by 35.9% in the 4th quarter. Evermore Global Advisors LLC now owns 845,285 shares of the semiconductor company’s stock valued at $20,625,000 after purchasing an additional 223,295 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Xperi during the third quarter worth $367,000. Piedmont Investment Advisors LLC bought a new stake in shares of Xperi during the second quarter worth $319,000. State Street Corp raised its position in shares of Xperi by 2.6% during the second quarter. State Street Corp now owns 1,251,469 shares of the semiconductor company’s stock worth $37,298,000 after acquiring an additional 31,672 shares during the last quarter. Finally, DAVENPORT & Co LLC bought a new stake in shares of Xperi during the fourth quarter worth $1,377,000.

Shares of Xperi Co. (NASDAQ XPER) opened at $20.40 on Friday. The firm has a market capitalization of $1,040.53, a price-to-earnings ratio of -14.17 and a beta of 0.58. Xperi Co. has a 52-week low of $16.70 and a 52-week high of $45.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 3.15 and a current ratio of 3.15.

In related news, Director George Andrew Riedel acquired 3,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was acquired at an average cost of $19.58 per share, with a total value of $58,740.00. Following the completion of the purchase, the director now directly owns 24,527 shares in the company, valued at $480,238.66. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard Hill acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were bought at an average cost of $18.75 per share, with a total value of $187,500.00. Following the completion of the purchase, the director now owns 60,854 shares of the company’s stock, valued at $1,141,012.50. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.

XPER has been the subject of a number of recent research reports. ValuEngine downgraded Xperi from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. BidaskClub upgraded Xperi from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. Finally, Bank of America downgraded Xperi from a “buy” rating to a “neutral” rating in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Xperi currently has a consensus rating of “Hold”.

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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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Institutional Ownership by Quarter for Xperi (NASDAQ:XPER)

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