Immersion Corp grew its holdings in shares of Xperi Inc. (NYSE:XPER – Free Report) by 69.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,863,435 shares of the company’s stock after purchasing an additional 762,911 shares during the quarter. Xperi makes up about 7.5% of Immersion Corp’s investment portfolio, making the stock its 3rd biggest position. Immersion Corp owned 4.02% of Xperi worth $10,920,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in XPER. Clearline Capital LP lifted its stake in shares of Xperi by 69.6% during the 4th quarter. Clearline Capital LP now owns 2,949,895 shares of the company’s stock worth $17,286,000 after purchasing an additional 1,210,914 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Xperi by 16.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,513,079 shares of the company’s stock worth $19,878,000 after purchasing an additional 361,736 shares during the period. Vanguard Group Inc. lifted its stake in shares of Xperi by 8.6% during the 3rd quarter. Vanguard Group Inc. now owns 4,136,934 shares of the company’s stock worth $26,807,000 after purchasing an additional 327,368 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in shares of Xperi by 61.4% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 750,148 shares of the company’s stock worth $4,396,000 after buying an additional 285,309 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Xperi by 13.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,410,286 shares of the company’s stock worth $9,139,000 after buying an additional 172,641 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. Zacks Research upgraded Xperi from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Xperi in a report on Friday, May 29th. Rosenblatt Securities restated a “buy” rating and set a $10.00 price objective on shares of Xperi in a report on Thursday, February 26th. Finally, Wall Street Zen upgraded Xperi from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $11.00.
Xperi Trading Down 1.4%
XPER stock opened at $7.75 on Thursday. The company has a market cap of $374.09 million, a price-to-earnings ratio of -7.83 and a beta of 1.46. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.10. The business has a fifty day simple moving average of $7.22 and a 200-day simple moving average of $6.32. Xperi Inc. has a 52 week low of $5.07 and a 52 week high of $8.49.
Xperi (NYSE:XPER – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.08. Xperi had a positive return on equity of 1.09% and a negative net margin of 10.22%.The firm had revenue of $114.21 million during the quarter, compared to the consensus estimate of $107.90 million. On average, equities research analysts expect that Xperi Inc. will post 0.35 EPS for the current year.
Xperi Profile
Xperi Inc (NYSE: XPER) is a global technology company that develops and licenses audio, imaging and semiconductor packaging solutions. The company was formed in 2016 through the spin-off of Tessera Technologies’ product divisions and expanded its product portfolio in 2019 with the acquisition of TiVo Corporation. Headquartered in San Jose, California, Xperi’s technologies underpin a range of consumer electronics, automotive, mobile and broadcast products around the world.
In its technology licensing segment, Xperi offers a broad portfolio of semiconductor packaging and interconnect solutions designed to improve performance and energy efficiency in chips and devices.
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