Xperi Inc. (NASDAQ:XPER) Stock Holdings Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its holdings in shares of Xperi Inc. (NASDAQ:XPER) by 38.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,989 shares of the semiconductor company’s stock after selling 154,277 shares during the period. Bank of New York Mellon Corp owned approximately 0.55% of Xperi worth $2,044,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in XPER. Harbor Capital Advisors Inc. raised its stake in Xperi by 66.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 8,523 shares of the semiconductor company’s stock valued at $70,000 after acquiring an additional 3,416 shares in the last quarter. MQS Management LLC bought a new stake in Xperi during the 1st quarter valued at $185,000. State Board of Administration of Florida Retirement System raised its stake in Xperi by 40.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 17,080 shares of the semiconductor company’s stock valued at $206,000 after acquiring an additional 4,910 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Xperi by 409.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 23,028 shares of the semiconductor company’s stock valued at $278,000 after acquiring an additional 18,508 shares in the last quarter. Finally, Russell Investments Group Ltd. raised 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 buying an additional 10,543 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Xperi Stock Up 0.7 %

Shares of Xperi stock opened at $8.83 on Wednesday. The stock’s fifty day moving average is $8.12 and its 200-day moving average is $9.12. The firm has a market capitalization of $398.66 million, a PE ratio of -3.25 and a beta of 1.57. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.14. Xperi Inc. has a 12-month low of $6.89 and a 12-month high of $12.29.

Xperi (NASDAQ:XPER) last announced its earnings results on Monday, August 5th. The semiconductor company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.13. The company had revenue of $119.59 million for the quarter, compared to analyst estimates of $118.95 million. Xperi had a negative return on equity of 10.15% and a negative net margin of 21.67%. Equities analysts anticipate that Xperi Inc. will post -0.83 earnings per share for the current year.

Insider Activity

In other Xperi news, Director David C. Habiger purchased 5,750 shares of the stock in a transaction dated Wednesday, August 21st. The shares were acquired at an average price of $8.68 per share, for a total transaction of $49,910.00. Following the completion of the acquisition, the director now owns 68,205 shares of the company’s stock, valued at approximately $592,019.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Xperi news, CEO Jon Kirchner purchased 5,000 shares of the stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average price of $8.65 per share, for a total transaction of $43,250.00. Following the completion of the acquisition, the chief executive officer now owns 523,692 shares of the company’s stock, valued at approximately $4,529,935.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David C. Habiger purchased 5,750 shares of the stock in a transaction dated Wednesday, August 21st. The shares were acquired at an average price of $8.68 per share, for a total transaction of $49,910.00. Following the acquisition, the director now directly owns 68,205 shares of the company’s stock, valued at approximately $592,019.40. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 13,600 shares of company stock worth $117,948. 1.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on XPER. Craig Hallum dropped their price objective on Xperi from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. BWS Financial reissued a “top pick” rating and issued a $30.00 price objective on shares of Xperi in a research note on Thursday, August 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price objective on shares of Xperi in a research note on Tuesday, August 6th. Finally, StockNews.com downgraded Xperi from a “buy” rating to a “hold” rating in a research note on Thursday, September 12th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $19.00.

About Xperi

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.