Ewa LLC Takes $128,000 Position in Xperi Inc. (NASDAQ:XPER)

Ewa LLC acquired a new stake in shares of Xperi Inc. (NASDAQ:XPER) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 11,986 shares of the semiconductor company’s stock, valued at approximately $128,000.

Several other institutional investors also recently made changes to their positions in XPER. Assenagon Asset Management S.A. purchased a new stake in Xperi during the 4th quarter worth $11,994,000. Wellington Management Group LLP boosted its position in Xperi by 22.9% during the 3rd quarter. Wellington Management Group LLP now owns 551,794 shares of the semiconductor company’s stock worth $5,441,000 after purchasing an additional 102,635 shares during the period. Tejara Capital Ltd purchased a new stake in Xperi during the 3rd quarter worth $748,000. Maven Securities LTD acquired a new position in Xperi in the 3rd quarter worth $1,972,000. Finally, Rubric Capital Management LP lifted its holdings in Xperi by 5.2% in the 3rd quarter. Rubric Capital Management LP now owns 4,043,744 shares of the semiconductor company’s stock worth $39,871,000 after buying an additional 200,000 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Xperi Stock Performance

XPER traded up $0.73 on Monday, hitting $10.68. 371,060 shares of the company’s stock were exchanged, compared to its average volume of 408,435. The firm has a market cap of $480.92 million, a PE ratio of -3.33 and a beta of 1.76. Xperi Inc. has a twelve month low of $7.91 and a twelve month high of $13.62. The stock has a fifty day moving average of $10.81 and a two-hundred day moving average of $10.41. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.13.

Xperi (NASDAQ:XPER) last posted its earnings results on Wednesday, February 28th. The semiconductor company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.16. Xperi had a negative net margin of 26.20% and a negative return on equity of 7.37%. The firm had revenue of $137.23 million during the quarter, compared to analysts’ expectations of $138.90 million. On average, research analysts anticipate that Xperi Inc. will post -1.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. StockNews.com upgraded shares of Xperi from a “hold” rating to a “buy” rating in a report on Sunday, April 14th. Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price objective on shares of Xperi in a report on Friday, March 1st.

About Xperi

Xperi Inc operates as a consumer and entertainment technology company worldwide. It offers Pay-TV solutions, including UX solutions that allows service providers to customize elements of the interactive program guide for their customers and to upgrade the programming features and services; IPTV, a cloud-based solution that supports various services and applications, such as TV programming, broadband OTT video content, digital music, photos, and other media experiences; managed IPTV service; video metadata and services; managed IPTV Service, a customizable, cloud-enabled, and end-to-end streaming video solution that enables operators to quickly launch a branded, fully compliant, full-featured Pay-TV service; metadata libraries comprising television, sports, movies, digital-first, celebrities, books, and video games; personalized content discovery, natural language voice, and insights; and TiVo DVR subscriptions, as well as technical support service.