US Bancorp DE trimmed its position in shares of Xperi Corp (NASDAQ:XPER) by 27.8% during the first quarter, HoldingsChannel reports. The firm owned 21,709 shares of the semiconductor company’s stock after selling 8,376 shares during the quarter. US Bancorp DE’s holdings in Xperi were worth $508,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Xperi by 9.0% during the fourth quarter. BlackRock Inc. now owns 7,111,787 shares of the semiconductor company’s stock worth $130,785,000 after purchasing an additional 590,058 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Xperi by 3.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,345,746 shares of the semiconductor company’s stock worth $43,140,000 after buying an additional 76,656 shares during the last quarter. Norges Bank acquired a new stake in Xperi in the fourth quarter valued at about $21,163,000. Geode Capital Management LLC lifted its position in Xperi by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 568,645 shares of the semiconductor company’s stock valued at $10,456,000 after purchasing an additional 40,795 shares during the period. Finally, Millennium Management LLC lifted its position in Xperi by 121.4% in the fourth quarter. Millennium Management LLC now owns 376,332 shares of the semiconductor company’s stock valued at $6,921,000 after purchasing an additional 206,347 shares during the period. Institutional investors own 96.94% of the company’s stock.
XPER stock opened at $20.34 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 8.46 and a quick ratio of 8.46. Xperi Corp has a 12-month low of $12.08 and a 12-month high of $25.84. The company has a market cap of $1.02 billion, a PE ratio of 8.20 and a beta of 0.40.
Xperi (NASDAQ:XPER) last issued its quarterly earnings data on Wednesday, May 8th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.13. Xperi had a return on equity of 20.08% and a net margin of 1.92%. The firm had revenue of $104.30 million during the quarter, compared to the consensus estimate of $104.00 million. On average, analysts forecast that Xperi Corp will post 1.97 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $0.80 annualized dividend and a dividend yield of 3.93%. Xperi’s dividend payout ratio is currently 32.26%.
A number of research firms have recently issued reports on XPER. Zacks Investment Research downgraded shares of Xperi from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 2nd. National Securities reiterated a “buy” rating and set a $36.00 price target on shares of Xperi in a research report on Thursday, May 9th. Craig Hallum lifted their price target on shares of Xperi from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, February 21st. They noted that the move was a valuation call. BidaskClub downgraded shares of Xperi from a “buy” rating to a “hold” rating in a research report on Saturday, May 18th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $30.00 price target on shares of Xperi in a research report on Monday, May 13th. Two analysts have rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $29.60.
Xperi Company Profile
Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, South Korea, Taiwan, Japan, Europe, the Middle East, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.
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