Geir Skaaden Buys 3,000 Shares of Xperi Co. (XPER) Stock

Xperi Co. (NASDAQ:XPER) insider Geir Skaaden bought 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The shares were purchased at an average price of $18.56 per share, for a total transaction of $55,680.00. Following the completion of the purchase, the insider now directly owns 45,248 shares of the company’s stock, valued at approximately $839,802.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Xperi Co. (NASDAQ:XPER) opened at $21.50 on Thursday. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $1,030.67, a P/E ratio of -18.86 and a beta of 0.58. Xperi Co. has a fifty-two week low of $16.70 and a fifty-two week high of $45.10.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 1st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend is Wednesday, February 28th. Xperi’s dividend payout ratio (DPR) is -70.18%.

XPER has been the topic of a number of recent research reports. Benchmark restated a “buy” rating and set a $40.00 target price (down from $53.00) on shares of Xperi in a research note on Wednesday. ValuEngine downgraded Xperi from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. BidaskClub raised Xperi from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Finally, Bank of America downgraded Xperi from a “buy” rating to a “neutral” rating in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Xperi presently has a consensus rating of “Hold” and a consensus price target of $40.00.

A number of institutional investors and hedge funds have recently made changes to their positions in XPER. Flinton Capital Management LLC boosted its holdings in Xperi by 65.1% in the second quarter. Flinton Capital Management LLC now owns 4,828 shares of the semiconductor company’s stock valued at $144,000 after purchasing an additional 1,904 shares in the last quarter. MYDA Advisors LLC acquired a new position in Xperi in the fourth quarter valued at approximately $293,000. Aperio Group LLC boosted its holdings in Xperi by 45.4% in the fourth quarter. Aperio Group LLC now owns 12,548 shares of the semiconductor company’s stock valued at $306,000 after purchasing an additional 3,917 shares in the last quarter. Ellington Management Group LLC acquired a new position in Xperi in the fourth quarter valued at approximately $312,000. Finally, Piedmont Investment Advisors LLC acquired a new position in Xperi in the second quarter valued at approximately $319,000.

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Xperi Company Profile

Tessera Holding Corporation is a product and technology licensing company. The Company’s technologies and intellectual property are deployed, in areas, such as audio, computational imaging, computer vision, mobile computing and communications, memory, data storage, three dimensional (3D) semiconductor interconnect and packaging.

Insider Buying and Selling by Quarter for Xperi (NASDAQ:XPER)

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