Peregrine Capital Management LLC purchased a new position in Xperi Corp (NASDAQ:XPER) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 436,923 shares of the semiconductor company’s stock, valued at approximately $6,449,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp increased its position in Xperi by 2.3% in the first quarter. State Street Corp now owns 1,589,951 shares of the semiconductor company’s stock worth $22,116,000 after purchasing an additional 36,236 shares during the last quarter. American Financial Group Inc. bought a new position in Xperi during the first quarter valued at $16,474,000. Norges Bank bought a new position in Xperi during the fourth quarter valued at $21,289,000. Beryl Capital Management LLC bought a new position in Xperi during the first quarter valued at $11,553,000. Finally, Bank of New York Mellon Corp increased its position in Xperi by 1.8% during the first quarter. Bank of New York Mellon Corp now owns 791,396 shares of the semiconductor company’s stock valued at $11,007,000 after acquiring an additional 14,192 shares during the last quarter. Institutional investors own 97.26% of the company’s stock.
A number of research analysts have weighed in on XPER shares. Craig Hallum reiterated a “buy” rating and set a $20.00 price objective on shares of Xperi in a research report on Sunday, July 5th. BidaskClub upgraded shares of Xperi from a “sell” rating to a “hold” rating in a research report on Thursday, July 23rd. B. Riley reiterated a “buy” rating and set a $35.00 price objective on shares of Xperi in a research report on Tuesday, July 28th. Zacks Investment Research reissued a “sell” rating on shares of Xperi in a research note on Saturday, May 30th. Finally, Sidoti assumed coverage on shares of Xperi in a research note on Monday, July 13th. They set a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $25.67.
Shares of XPER opened at $18.44 on Friday. The firm has a market capitalization of $931.87 million, a P/E ratio of -49.84 and a beta of 0.42. Xperi Corp has a 12-month low of $9.01 and a 12-month high of $21.83. The company has a current ratio of 7.25, a quick ratio of 7.25 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average price of $14.32 and a 200-day moving average price of $15.04.
Xperi (NASDAQ:XPER) last issued its earnings results on Wednesday, May 6th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.08. The firm had revenue of $112.79 million during the quarter, compared to analyst estimates of $102.00 million. Xperi had a negative net margin of 5.31% and a positive return on equity of 23.53%. Analysts predict that Xperi Corp will post 2.24 earnings per share for the current year.
Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, South Korea, Taiwan, Japan, Europe, the Middle East, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.
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