Xperi Co. (XPER) Shares Bought by Comerica Bank
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.
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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