Royce & Associates LP Cuts Position in Xperi Corp (XPER)

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Royce & Associates LP trimmed its position in Xperi Corp (NASDAQ:XPER) by 47.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,779 shares of the semiconductor company’s stock after selling 55,763 shares during the period. Royce & Associates LP’s holdings in Xperi were worth $1,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC purchased a new position in Xperi in the 4th quarter valued at about $30,000. Quantamental Technologies LLC purchased a new position in Xperi in the 4th quarter valued at about $66,000. Nisa Investment Advisors LLC lifted its stake in Xperi by 24.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,050 shares of the semiconductor company’s stock valued at $74,000 after buying an additional 800 shares in the last quarter. Bank of Montreal Can lifted its stake in Xperi by 124.7% in the 4th quarter. Bank of Montreal Can now owns 4,646 shares of the semiconductor company’s stock valued at $86,000 after buying an additional 2,578 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new position in Xperi in the 3rd quarter valued at about $174,000. 99.41% of the stock is currently owned by hedge funds and other institutional investors.

Xperi stock opened at $24.16 on Friday. Xperi Corp has a fifty-two week low of $12.08 and a fifty-two week high of $24.49. The company has a debt-to-equity ratio of 0.78, a current ratio of 7.34 and a quick ratio of 7.34. The company has a market capitalization of $1.17 billion, a P/E ratio of 9.74 and a beta of 0.24.

Xperi (NASDAQ:XPER) last issued its quarterly earnings results on Wednesday, February 20th. The semiconductor company reported $1.00 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.06). Xperi had a negative net margin of 0.07% and a positive return on equity of 9.19%. The business had revenue of $141.80 million during the quarter, compared to analysts’ expectations of $143.00 million. On average, sell-side analysts expect that Xperi Corp will post 1.78 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $0.80 annualized dividend and a yield of 3.31%. Xperi’s dividend payout ratio is presently 32.26%.

A number of analysts have commented on XPER shares. Zacks Investment Research downgraded shares of Xperi from a “hold” rating to a “strong sell” rating in a report on Saturday, March 2nd. Craig Hallum raised their price target on shares of Xperi from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, February 21st. They noted that the move was a valuation call. BidaskClub upgraded shares of Xperi from a “strong sell” rating to a “sell” rating in a report on Thursday, February 7th. ValuEngine upgraded shares of Xperi from a “sell” rating to a “hold” rating in a report on Tuesday, December 11th. Finally, B. Riley set a $23.00 target price on shares of Xperi and gave the company a “buy” rating in a report on Monday, December 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $26.40.

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About Xperi

Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, South Korea, Taiwan, Japan, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.

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Institutional Ownership by Quarter for Xperi (NASDAQ:XPER)

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