nVerses Capital LLC Takes Position in Xperi Inc. (NASDAQ:XPER)

nVerses Capital LLC purchased a new stake in shares of Xperi Inc. (NASDAQ:XPER) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,600 shares of the semiconductor company’s stock, valued at approximately $79,000.

A number of other institutional investors also recently bought and sold shares of XPER. ProShare Advisors LLC bought a new position in Xperi in the 2nd quarter worth $48,000. Harbor Capital Advisors Inc. raised its holdings in Xperi by 66.9% in the 2nd 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 during the period. Quest Partners LLC bought a new position in Xperi in the 2nd quarter worth $141,000. DRW Securities LLC bought a new position in Xperi in the 2nd quarter worth $149,000. Finally, SG Americas Securities LLC bought a new position in Xperi in the 3rd quarter worth $154,000. 94.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com cut Xperi from a “buy” rating to a “hold” rating in a report on Thursday, September 12th. Craig Hallum cut their price target on Xperi from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. BWS Financial reiterated a “top pick” rating and issued a $30.00 price target on shares of Xperi in a research note on Thursday, August 22nd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price target on shares of Xperi 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $19.00.

Insider Activity

In other news, CEO Jon Kirchner acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average price of $8.65 per share, for a total transaction of $43,250.00. Following the completion of the transaction, the chief executive officer now directly owns 523,692 shares in the company, valued at approximately $4,529,935.80. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Jon Kirchner purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average price of $8.65 per share, for a total transaction of $43,250.00. Following the completion of the transaction, the chief executive officer now owns 523,692 shares in the company, valued at approximately $4,529,935.80. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David C. Habiger purchased 5,750 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now owns 68,205 shares of the company’s stock, valued at $592,019.40. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 13,600 shares of company stock worth $117,948 over the last 90 days. Corporate insiders own 1.70% of the company’s stock.

Xperi Trading Down 0.5 %

Shares of XPER stock opened at $9.54 on Monday. Xperi Inc. has a 52-week low of $6.89 and a 52-week high of $12.29. 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 capitalization of $437.03 million, a PE ratio of -3.83 and a beta of 1.57. The stock has a fifty day simple moving average of $8.67 and a two-hundred day simple moving average of $8.78.

Xperi (NASDAQ:XPER) last issued its quarterly earnings data on Monday, August 5th. The semiconductor company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.13. The firm had revenue of $119.59 million during 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%. On average, analysts predict that Xperi Inc. will post -0.83 EPS for the current fiscal year.

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.