Renaissance Technologies LLC Has $34.75 Million Position in Xperi Corp (NASDAQ:XPER)
Renaissance Technologies LLC grew its position in Xperi Corp (NASDAQ:XPER) by 91.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,687,914 shares of the semiconductor company’s stock after buying an additional 804,000 shares during the quarter. Renaissance Technologies LLC owned 3.42% of Xperi worth $34,754,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Janus Henderson Group PLC increased its position in Xperi by 17.1% during the 2nd quarter. Janus Henderson Group PLC now owns 3,205,717 shares of the semiconductor company’s stock worth $66,006,000 after purchasing an additional 468,478 shares in the last quarter. Bank of New York Mellon Corp increased its position in Xperi by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 913,220 shares of the semiconductor company’s stock worth $18,803,000 after purchasing an additional 4,294 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Xperi by 26.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 724,011 shares of the semiconductor company’s stock worth $14,908,000 after purchasing an additional 151,165 shares in the last quarter. ClariVest Asset Management LLC acquired a new position in Xperi during the 1st quarter worth approximately $12,143,000. Finally, Rothschild & Co. Asset Management US Inc. increased its position in Xperi by 7.0% during the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 227,979 shares of the semiconductor company’s stock worth $4,694,000 after purchasing an additional 14,969 shares in the last quarter. Institutional investors own 96.77% of the company’s stock.
A number of equities analysts recently issued reports on XPER shares. B. Riley set a $30.00 price objective on shares of Xperi and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. ValuEngine cut shares of Xperi from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. BidaskClub upgraded shares of Xperi from a “strong sell” rating to a “sell” rating in a research report on Thursday. Finally, Zacks Investment Research lowered shares of Xperi from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 14th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $31.00.
Shares of NASDAQ:XPER traded up $0.06 during trading on Friday, reaching $20.58. The stock had a trading volume of 4,314 shares, compared to its average volume of 320,934. The firm’s fifty day moving average is $19.80 and its 200 day moving average is $21.93. The company has a debt-to-equity ratio of 0.69, a quick ratio of 7.58 and a current ratio of 7.58. Xperi Corp has a 52 week low of $12.08 and a 52 week high of $25.84. The stock has a market cap of $979.42 million, a price-to-earnings ratio of 8.31 and a beta of 0.38.
Xperi (NASDAQ:XPER) last posted its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.10. Xperi had a net margin of 7.37% and a return on equity of 22.90%. The company had revenue of $92.30 million for the quarter, compared to analyst estimates of $90.20 million. On average, research analysts forecast that Xperi Corp will post 2.27 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend is Monday, August 26th. Xperi’s dividend payout ratio is currently 32.26%.
Xperi Company Profile
Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, South Korea, Taiwan, Japan, Europe, the Middle East, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.
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