Wellington Management Group LLP Acquires 88,974 Shares of Xperi Inc. (NASDAQ:XPER)

Wellington Management Group LLP increased its holdings in Xperi Inc. (NASDAQ:XPER) by 16.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 640,768 shares of the semiconductor company’s stock after acquiring an additional 88,974 shares during the quarter. Wellington Management Group LLP owned about 1.47% of Xperi worth $7,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Gladius Capital Management LP increased its stake in shares of Xperi by 16.1% in the 4th quarter. Gladius Capital Management LP now owns 9,113 shares of the semiconductor company’s stock worth $100,000 after acquiring an additional 1,267 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Xperi by 46.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,235 shares of the semiconductor company’s stock worth $113,000 after acquiring an additional 3,262 shares in the last quarter. EWA LLC bought a new position in shares of Xperi in the 4th quarter worth about $128,000. Louisiana State Employees Retirement System bought a new position in shares of Xperi in the 4th quarter worth about $239,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Xperi by 68.6% in the 4th quarter. Russell Investments Group Ltd. now owns 25,905 shares of the semiconductor company’s stock worth $285,000 after acquiring an additional 10,543 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Xperi Stock Performance

Shares of NASDAQ XPER opened at $8.16 on Friday. The firm’s 50-day moving average price is $9.09 and its 200-day moving average price is $10.27. Xperi Inc. has a 52-week low of $7.34 and a 52-week high of $13.62. The company has a market cap of $368.42 million, a PE ratio of -3.00 and a beta of 1.60. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.13.

Xperi (NASDAQ:XPER) last issued its earnings results on Wednesday, May 8th. The semiconductor company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.02. The company had revenue of $118.84 million for the quarter, compared to analysts’ expectations of $125.23 million. Xperi had a negative net margin of 22.93% and a negative return on equity of 8.35%. As a group, analysts anticipate that Xperi Inc. will post -0.95 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on XPER. Rosenblatt Securities reissued a “buy” rating and set a $15.00 price objective on shares of Xperi in a research report on Friday, March 1st. StockNews.com downgraded shares of Xperi from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. Finally, BWS Financial reissued a “top pick” rating and set a $30.00 price objective on shares of Xperi in a research report on Thursday, May 9th.

Xperi Company Profile

Xperi Inc operates as a consumer and entertainment technology company worldwide. It offers Pay-TV solutions, including UX solutions that allows service providers to customize elements of the interactive program guide for their customers and to upgrade the programming features and services; IPTV, a cloud-based solution that supports various services and applications, such as TV programming, broadband OTT video content, digital music, photos, and other media experiences; managed IPTV service; video metadata and services; managed IPTV Service, a customizable, cloud-enabled, and end-to-end streaming video solution that enables operators to quickly launch a branded, fully compliant, full-featured Pay-TV service; metadata libraries comprising television, sports, movies, digital-first, celebrities, books, and video games; personalized content discovery, natural language voice, and insights; and TiVo DVR subscriptions, as well as technical support service.