Skylands Capital LLC Buys 14,150 Shares of Xperi Inc. (NASDAQ:XPER)

Skylands Capital LLC grew its position in shares of Xperi Inc. (NASDAQ:XPER) by 12.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,600 shares of the semiconductor company’s stock after buying an additional 14,150 shares during the quarter. Skylands Capital LLC owned 0.30% of Xperi worth $1,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. bought a new stake in Xperi during the fourth quarter valued at approximately $11,994,000. Wellington Management Group LLP grew its position in shares of Xperi by 22.9% during the 3rd quarter. Wellington Management Group LLP now owns 551,794 shares of the semiconductor company’s stock valued at $5,441,000 after acquiring an additional 102,635 shares during the period. Tejara Capital Ltd purchased a new stake in shares of Xperi in the 3rd quarter worth $748,000. Maven Securities LTD bought a new position in Xperi in the 3rd quarter worth $1,972,000. Finally, Rubric Capital Management LP lifted its position in Xperi by 5.2% during the third quarter. Rubric Capital Management LP now owns 4,043,744 shares of the semiconductor company’s stock valued at $39,871,000 after purchasing an additional 200,000 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Rosenblatt Securities restated a “buy” rating and issued a $15.00 price target on shares of Xperi in a research note on Friday, March 1st. StockNews.com upgraded shares of Xperi from a “hold” rating to a “buy” rating in a research note on Sunday, April 14th.

Xperi Trading Down 3.1 %

NASDAQ:XPER opened at $10.40 on Tuesday. Xperi Inc. has a 1 year low of $7.91 and a 1 year high of $13.62. The stock’s 50 day simple moving average is $10.80 and its two-hundred day simple moving average is $10.42. The company has a quick ratio of 1.92, a current 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) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.16. The firm had revenue of $137.23 million during the quarter, compared to analyst estimates of $138.90 million. Xperi had a negative net margin of 26.20% and a negative return on equity of 7.37%. As a group, analysts anticipate that Xperi Inc. will post -1.19 earnings per share for the current year.

Xperi Company Profile

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.