272 Capital LP Has $4.94 Million Stock Holdings in Xperi Inc. (NASDAQ:XPER)

272 Capital LP decreased its stake in shares of Xperi Inc. (NASDAQ:XPER) by 11.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 601,240 shares of the semiconductor company’s stock after selling 75,856 shares during the period. Xperi accounts for approximately 2.5% of 272 Capital LP’s holdings, making the stock its 13th biggest holding. 272 Capital LP owned about 1.31% of Xperi worth $4,936,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Trexquant Investment LP bought a new position in Xperi in the 4th quarter worth approximately $546,000. Wellington Management Group LLP increased its stake in shares of Xperi by 16.1% in the 4th quarter. Wellington Management Group LLP now owns 640,768 shares of the semiconductor company’s stock valued at $7,061,000 after buying an additional 88,974 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Xperi by 409.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 23,028 shares of the semiconductor company’s stock worth $278,000 after acquiring an additional 18,508 shares during the last quarter. TSP Capital Management Group LLC lifted its stake in shares of Xperi by 23.1% during the first quarter. TSP Capital Management Group LLC now owns 284,790 shares of the semiconductor company’s stock valued at $3,435,000 after acquiring an additional 53,460 shares during the period. Finally, Mutual of America Capital Management LLC lifted its stake in shares of Xperi by 5.5% during the first quarter. Mutual of America Capital Management LLC now owns 190,895 shares of the semiconductor company’s stock valued at $2,302,000 after acquiring an additional 10,022 shares during the period. Institutional investors own 94.28% of the company’s stock.

Xperi Stock Performance

Shares of XPER stock opened at $8.91 on Tuesday. The stock has a market cap of $402.27 million, a PE ratio of -3.28 and a beta of 1.57. The stock has a 50-day moving average of $8.19 and a 200-day moving average of $9.07. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.01 and a quick ratio of 2.01. Xperi Inc. has a one year low of $6.89 and a one year high of $12.29.

Xperi (NASDAQ:XPER) last posted its earnings results on Monday, August 5th. The semiconductor company reported ($0.21) earnings per share for the quarter, topping the consensus estimate 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 net margin of 21.67% and a negative return on equity of 10.15%. As a group, sell-side analysts expect that Xperi Inc. will post -0.83 earnings per share for the current year.

Analysts Set New Price Targets

XPER has been the subject of several recent research reports. StockNews.com cut Xperi from a “buy” rating to a “hold” rating in a report on Thursday, September 12th. BWS Financial reissued a “top pick” rating and set a $30.00 price target on shares of Xperi in a research note on Thursday, August 22nd. Rosenblatt Securities restated a “buy” rating and issued a $15.00 price objective on shares of Xperi in a report on Tuesday, August 6th. Finally, Craig Hallum lowered their target price on shares of Xperi from $15.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. One 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. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $19.00.

Insider Buying and Selling at Xperi

In other Xperi news, Director David C. Habiger purchased 5,750 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were bought at an average price of $8.68 per share, with a total value of $49,910.00. Following the completion of the transaction, the director now directly owns 68,205 shares in the company, valued at approximately $592,019.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director David C. Habiger acquired 5,750 shares of the stock in a transaction dated Wednesday, August 21st. The stock was bought at an average price of $8.68 per share, with a total value of $49,910.00. Following the completion of the transaction, the director now directly owns 68,205 shares of the company’s stock, valued at $592,019.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jon Kirchner acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were bought 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 $4,529,935.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 13,600 shares of company stock valued at $117,948. Company insiders own 1.70% of the company’s stock.

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.