First Trust Advisors LP boosted its holdings in Xperi Corp (NASDAQ:XPER) by 155.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 80,147 shares of the semiconductor company’s stock after acquiring an additional 48,775 shares during the period. First Trust Advisors LP owned 0.16% of Xperi worth $1,190,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Xperi by 10.2% in the second quarter. BlackRock Inc. now owns 6,875,745 shares of the semiconductor company’s stock valued at $110,700,000 after acquiring an additional 638,877 shares during the last quarter. Deprince Race & Zollo Inc. lifted its stake in Xperi by 12.7% during the third quarter. Deprince Race & Zollo Inc. now owns 4,619,725 shares of the semiconductor company’s stock worth $68,603,000 after purchasing an additional 520,428 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Xperi by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,032,527 shares of the semiconductor company’s stock worth $32,723,000 after purchasing an additional 145,096 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in Xperi by 4.0% during the second quarter. Glenmede Trust Co. NA now owns 1,434,112 shares of the semiconductor company’s stock worth $23,089,000 after purchasing an additional 55,463 shares in the last quarter. Finally, Evermore Global Advisors LLC lifted its stake in Xperi by 9.4% during the second quarter. Evermore Global Advisors LLC now owns 1,252,705 shares of the semiconductor company’s stock worth $20,169,000 after purchasing an additional 107,329 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.
NASDAQ:XPER opened at $12.78 on Friday. Xperi Corp has a 52 week low of $12.08 and a 52 week high of $28.33. The company has a debt-to-equity ratio of 0.89, a quick ratio of 7.36 and a current ratio of 7.36. The firm has a market cap of $679.31 million, a price-to-earnings ratio of 9.33 and a beta of 0.67.
Xperi (NASDAQ:XPER) last posted its quarterly earnings data on Wednesday, November 7th. The semiconductor company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.15). Xperi had a positive return on equity of 7.79% and a negative net margin of 23.56%. The company had revenue of $100.59 million for the quarter, compared to analysts’ expectations of $98.50 million. As a group, analysts anticipate that Xperi Corp will post 2.18 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Wednesday, November 28th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.26%. The ex-dividend date of this dividend is Tuesday, November 27th. Xperi’s dividend payout ratio is currently 58.39%.
A number of research firms have commented on XPER. BidaskClub upgraded Xperi from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. ValuEngine cut Xperi from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 4th. Craig Hallum decreased their price target on Xperi from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, November 8th. Zacks Investment Research upgraded Xperi from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Saturday, November 17th. Finally, National Securities began coverage on Xperi in a research note on Thursday, September 6th. They set a “buy” rating and a $31.00 price target on the stock. Two analysts have rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $25.67.
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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