Algert Global LLC Has $3.61 Million Position in Xperi Inc. $XPER

Algert Global LLC increased its position in shares of Xperi Inc. (NYSE:XPER) by 29.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 438,668 shares of the company’s stock after buying an additional 99,021 shares during the quarter. Algert Global LLC’s holdings in Xperi were worth $3,610,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in shares of Xperi in the third quarter worth about $57,000. Sei Investments Co. acquired a new stake in Xperi in the 1st quarter valued at approximately $58,000. Endeavor Private Wealth Inc. bought a new position in Xperi in the 4th quarter worth approximately $69,000. Alpine Global Management LLC acquired a new position in shares of Xperi during the fourth quarter worth approximately $89,000. Finally, Tactive Advisors LLC boosted its position in shares of Xperi by 59.3% in the first quarter. Tactive Advisors LLC now owns 16,270 shares of the company’s stock valued at $91,000 after acquiring an additional 6,055 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Xperi Stock Performance

Xperi stock opened at $6.08 on Friday. Xperi Inc. has a 12-month low of $5.07 and a 12-month high of $8.75. The stock has a 50-day simple moving average of $7.36 and a 200 day simple moving average of $6.85. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $296.52 million, a price-to-earnings ratio of -8.69 and a beta of 1.43.

Xperi (NYSE:XPER) last announced its earnings results on Wednesday, August 5th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.07. Xperi had a negative net margin of 7.12% and a positive return on equity of 4.04%. The company had revenue of $114.49 million during the quarter, compared to the consensus estimate of $112.66 million. On average, research analysts anticipate that Xperi Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

XPER has been the topic of a number of research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $10.00 target price on shares of Xperi in a research report on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xperi in a research report on Wednesday. Wall Street Zen lowered shares of Xperi from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. Finally, BWS Financial reaffirmed a “buy” rating and set a $12.00 price objective on shares of Xperi in a report on Friday, August 7th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.00.

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.