TSP Capital Management Group LLC Increases Stock Position in Xperi Inc. $XPER

TSP Capital Management Group LLC boosted its position in Xperi Inc. (NYSE:XPER) by 273.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 821,294 shares of the company’s stock after acquiring an additional 601,396 shares during the period. Xperi accounts for 1.1% of TSP Capital Management Group LLC’s investment portfolio, making the stock its 29th biggest position. TSP Capital Management Group LLC owned approximately 1.75% of Xperi worth $4,599,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Mariner LLC grew its stake in shares of Xperi by 2.8% in the third quarter. Mariner LLC now owns 79,360 shares of the company’s stock worth $514,000 after purchasing an additional 2,195 shares during the last quarter. Invesco Ltd. lifted its holdings in Xperi by 3.4% in the 4th quarter. Invesco Ltd. now owns 72,959 shares of the company’s stock worth $428,000 after buying an additional 2,397 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Xperi by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 393,636 shares of the company’s stock worth $2,307,000 after buying an additional 4,156 shares during the period. Raymond James Financial Inc. increased its stake in shares of Xperi by 6.6% during the third quarter. Raymond James Financial Inc. now owns 80,819 shares of the company’s stock valued at $524,000 after buying an additional 5,023 shares during the period. Finally, Zacks Investment Management increased its stake in shares of Xperi by 45.1% during the third quarter. Zacks Investment Management now owns 16,954 shares of the company’s stock valued at $110,000 after buying an additional 5,266 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on XPER. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xperi in a report on Friday, May 29th. Wall Street Zen upgraded shares of Xperi from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. BWS Financial reaffirmed a “buy” rating and issued a $12.00 target price on shares of Xperi in a research report on Monday, June 22nd. Finally, Zacks Research upgraded shares of Xperi from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $11.00.

Xperi Trading Up 5.3%

NYSE:XPER opened at $8.66 on Thursday. The firm has a market capitalization of $418.17 million, a P/E ratio of -8.75 and a beta of 1.46. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.36 and a quick ratio of 2.36. Xperi Inc. has a one year low of $5.07 and a one year high of $8.67. The company’s 50-day simple moving average is $7.61 and its 200 day simple moving average is $6.47.

Xperi (NYSE:XPER) last released its earnings results 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. The firm had revenue of $114.21 million during the quarter, compared to analyst estimates of $107.89 million. Xperi had a negative net margin of 10.22% and a positive return on equity of 1.09%. As a group, analysts forecast that Xperi Inc. will post 0.35 EPS for the current fiscal year.

Xperi 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.