Xperi Inc. $XPER Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC trimmed its stake in shares of Xperi Inc. (NYSE:XPER) by 68.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,983 shares of the company’s stock after selling 112,704 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Xperi were worth $310,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Xperi by 8.6% during the 3rd quarter. Vanguard Group Inc. now owns 4,136,934 shares of the company’s stock valued at $26,807,000 after acquiring an additional 327,368 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Xperi by 16.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,513,079 shares of the company’s stock valued at $19,878,000 after acquiring an additional 361,736 shares during the period. Clearline Capital LP raised its position in shares of Xperi by 12.8% during the 3rd quarter. Clearline Capital LP now owns 1,738,981 shares of the company’s stock worth $11,269,000 after purchasing an additional 196,761 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Xperi by 1.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,559,490 shares of the company’s stock worth $12,039,000 after purchasing an additional 17,984 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Xperi by 13.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,410,286 shares of the company’s stock worth $9,139,000 after purchasing an additional 172,641 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

XPER has been the subject of several research reports. Rosenblatt Securities restated a “buy” rating and set a $10.00 price objective on shares of Xperi in a research report on Thursday, February 26th. Zacks Research upgraded Xperi from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Xperi in a research report on Friday. Finally, Wall Street Zen upgraded Xperi from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $11.00.

Xperi Trading Up 2.2%

Shares of Xperi stock opened at $7.98 on Wednesday. The company has a market capitalization of $384.95 million, a P/E ratio of -8.06 and a beta of 1.46. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.36 and a quick ratio of 2.36. Xperi Inc. has a 1 year low of $5.07 and a 1 year high of $8.49. The business has a 50 day moving average price of $6.74 and a 200 day moving average price of $6.17.

Xperi (NYSE:XPER) last released its earnings results on Wednesday, May 6th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. The firm had revenue of $114.21 million during the quarter, compared to analysts’ expectations of $107.90 million. Xperi had a negative net margin of 10.22% and a positive return on equity of 1.09%. Sell-side analysts anticipate that Xperi Inc. will post 0.35 EPS for the current fiscal year.

Xperi Profile

Xperi Inc (NYSE: XPER) is a global technology company that develops and licenses audio, imaging and semiconductor packaging solutions. The company was formed in 2016 through the spin-off of Tessera Technologies’ product divisions and expanded its product portfolio in 2019 with the acquisition of TiVo Corporation. Headquartered in San Jose, California, Xperi’s technologies underpin a range of consumer electronics, automotive, mobile and broadcast products around the world.

In its technology licensing segment, Xperi offers a broad portfolio of semiconductor packaging and interconnect solutions designed to improve performance and energy efficiency in chips and devices.