Huber Capital Management LLC Sells 38,214 Shares of Xperi Inc. (NASDAQ:XPER)

Huber Capital Management LLC trimmed its stake in Xperi Inc. (NASDAQ:XPER) by 9.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 379,455 shares of the semiconductor company’s stock after selling 38,214 shares during the period. Huber Capital Management LLC owned 0.83% of Xperi worth $3,115,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of XPER. Harbor Capital Advisors Inc. lifted its holdings in Xperi by 66.9% in the second quarter. Harbor Capital Advisors Inc. now owns 8,523 shares of the semiconductor company’s stock worth $70,000 after buying an additional 3,416 shares during the period. Quest Partners LLC bought a new position in shares of Xperi in the 2nd quarter worth approximately $141,000. MQS Management LLC purchased a new position in shares of Xperi in the 1st quarter valued at approximately $185,000. State Board of Administration of Florida Retirement System boosted its position in shares of Xperi by 40.3% during the first 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 purchasing an additional 4,910 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in Xperi by 177.8% in the second quarter. Hsbc Holdings PLC now owns 30,566 shares of the semiconductor company’s stock worth $249,000 after purchasing an additional 19,562 shares during the period. Institutional investors own 94.28% of the company’s stock.

Insiders Place Their Bets

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

Xperi Stock Down 1.3 %

NASDAQ:XPER opened at $8.97 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a market cap of $404.98 million, a P/E ratio of -3.30 and a beta of 1.57. Xperi Inc. has a fifty-two week low of $6.89 and a fifty-two week high of $12.29. The firm has a 50-day simple moving average of $8.17 and a two-hundred day simple moving average of $9.11.

Xperi (NASDAQ:XPER) last announced its quarterly earnings results on Monday, August 5th. The semiconductor company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.13. Xperi had a negative net margin of 21.67% and a negative return on equity of 10.15%. The company had revenue of $119.59 million during the quarter, compared to the consensus estimate of $118.95 million. Analysts predict that Xperi Inc. will post -0.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. BWS Financial reissued a “top pick” rating and set a $30.00 price objective on shares of Xperi in a research report on Thursday, August 22nd. StockNews.com cut shares of Xperi from a “buy” rating to a “hold” rating in a report on Thursday, September 12th. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 target price on shares of Xperi in a research note on Tuesday, August 6th. Finally, Craig Hallum cut their price target on Xperi from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $19.00.

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.