DRW Securities LLC Invests $149,000 in Xperi Inc. (NASDAQ:XPER)

DRW Securities LLC acquired a new position in Xperi Inc. (NASDAQ:XPER) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 18,398 shares of the semiconductor company’s stock, valued at approximately $149,000.

Other institutional investors have also recently made changes to their positions in the company. ProShare Advisors LLC bought a new position in shares of Xperi in the second quarter worth about $48,000. Harbor Capital Advisors Inc. grew its position in shares of Xperi by 66.9% during the second quarter. Harbor Capital Advisors Inc. now owns 8,523 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 3,416 shares in the last quarter. MQS Management LLC purchased a new stake in shares of Xperi during the first quarter worth about $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 purchasing an additional 4,910 shares during the period. Finally, Quest Partners LLC bought a new stake in Xperi during the 2nd quarter valued at approximately $141,000. Institutional investors own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on XPER. Craig Hallum decreased their target price on Xperi from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. StockNews.com downgraded Xperi from a “buy” rating to a “hold” rating in a research note on Thursday, September 12th. BWS Financial reissued a “top pick” rating and set a $30.00 target price on shares of Xperi in a research note on Thursday, August 22nd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $15.00 target price on shares of Xperi in a research note on Tuesday, August 6th. One equities research 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $19.00.

Xperi Trading Up 2.2 %

NASDAQ:XPER opened at $9.09 on Wednesday. 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 1 year low of $6.89 and a 1 year high of $12.29. The stock’s 50 day simple moving average is $8.20 and its two-hundred day simple moving average is $9.06.

Xperi (NASDAQ:XPER) last released its quarterly earnings data 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. Xperi had a negative return on equity of 10.15% and a negative net margin of 21.67%. The business had revenue of $119.59 million for the quarter, compared to the consensus estimate of $118.95 million. As a group, analysts anticipate that Xperi Inc. will post -0.83 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director David C. Habiger bought 5,750 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were purchased at an average price of $8.68 per share, with a total value of $49,910.00. Following the transaction, the director now owns 68,205 shares in the company, valued at approximately $592,019.40. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Jon Kirchner bought 5,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were purchased 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 approximately $4,529,935.80. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David C. Habiger bought 5,750 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were bought at an average cost of $8.68 per share, for a total transaction of $49,910.00. Following the transaction, the director now owns 68,205 shares in the company, valued at approximately $592,019.40. The disclosure for this purchase can be found here. Insiders have bought a total of 13,600 shares of company stock valued at $117,948 in the last quarter. 1.70% of the stock is currently owned by insiders.

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.