Xperi Co. (XPER) Declares Quarterly Dividend of $0.20

Xperi Co. (NASDAQ:XPER) announced a quarterly dividend on Wednesday, February 14th, Wall Street Journal reports. Stockholders of record on Thursday, March 1st will be given a dividend of 0.20 per share by the semiconductor company on Thursday, March 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend is Wednesday, February 28th.

Shares of Xperi (NASDAQ XPER) opened at $21.50 on Thursday. The firm has a market capitalization of $1,030.67, a price-to-earnings ratio of -18.86 and a beta of 0.58. Xperi has a 52-week low of $16.70 and a 52-week high of $45.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 3.15 and a current ratio of 3.15.

In related news, Director Richard Hill acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average price of $18.75 per share, for a total transaction of $187,500.00. Following the completion of the acquisition, the director now owns 60,854 shares of the company’s stock, valued at approximately $1,141,012.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George Andrew Riedel acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was bought at an average price of $19.58 per share, with a total value of $58,740.00. Following the acquisition, the director now directly owns 24,527 shares of the company’s stock, valued at approximately $480,238.66. The disclosure for this purchase can be found here. Insiders purchased 16,000 shares of company stock valued at $301,920 in the last quarter. 2.40% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently weighed in on the company. Benchmark restated a “buy” rating and set a $40.00 target price (down previously from $53.00) on shares of Xperi in a research report on Wednesday. BidaskClub downgraded Xperi from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. ValuEngine downgraded Xperi from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Bank of America downgraded Xperi from a “buy” rating to a “neutral” rating in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $40.00.

TRADEMARK VIOLATION NOTICE: “Xperi Co. (XPER) Declares Quarterly Dividend of $0.20” was first published by Week Herald and is owned by of Week Herald. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://weekherald.com/2018/02/15/xperi-co-xper-declares-quarterly-dividend-of-0-20.html.

About Xperi

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.

Dividend History for Xperi (NASDAQ:XPER)

Receive News & Ratings for Xperi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xperi and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply