Peregrine Capital Management LLC purchased a new stake in shares of Xperi Corp (NASDAQ:XPER) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 436,923 shares of the semiconductor company’s stock, valued at approximately $6,449,000. Peregrine Capital Management LLC owned 0.86% of Xperi as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in XPER. Credit Suisse AG boosted its position in Xperi by 9.3% during the 4th quarter. Credit Suisse AG now owns 42,063 shares of the semiconductor company’s stock valued at $778,000 after buying an additional 3,578 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Xperi by 64.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 723,537 shares of the semiconductor company’s stock worth $13,385,000 after purchasing an additional 283,822 shares during the period. Jane Street Group LLC purchased a new stake in shares of Xperi in the 4th quarter worth about $212,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Xperi in the 4th quarter worth about $615,000. Finally, Man Group plc lifted its position in shares of Xperi by 1.9% in the 4th quarter. Man Group plc now owns 281,850 shares of the semiconductor company’s stock worth $5,214,000 after purchasing an additional 5,270 shares during the period. 97.26% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently commented on XPER. Sidoti began coverage on shares of Xperi in a research report on Monday, July 13th. They issued a “buy” rating for the company. B. Riley reiterated a “buy” rating and issued a $35.00 price target on shares of Xperi in a research note on Tuesday, July 28th. BidaskClub upgraded shares of Xperi from a “sell” rating to a “hold” rating in a research note on Thursday, July 23rd. ValuEngine lowered shares of Xperi from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 9th. Finally, Craig Hallum reiterated a “buy” rating and issued a $20.00 price target on shares of Xperi in a research note on Sunday, July 5th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Xperi presently has a consensus rating of “Hold” and a consensus target price of $25.67.
NASDAQ:XPER opened at $18.44 on Friday. The firm has a market cap of $931.87 million, a P/E ratio of -49.84 and a beta of 0.42. The company has a debt-to-equity ratio of 0.62, a quick ratio of 7.25 and a current ratio of 7.25. Xperi Corp has a fifty-two week low of $9.01 and a fifty-two week high of $21.83. The firm has a 50-day simple moving average of $14.32 and a two-hundred day simple moving average of $15.04.
Xperi (NASDAQ:XPER) last released its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.08. The business had revenue of $112.79 million during the quarter, compared to analyst estimates of $102.00 million. Xperi had a negative net margin of 5.31% and a positive return on equity of 23.53%. On average, equities research analysts predict that Xperi Corp will post 2.24 EPS for the current year.
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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