Kestrel Investment Management Corp Sells 13,800 Shares of Xperi Inc. (NASDAQ:XPER)

Kestrel Investment Management Corp lowered its holdings in Xperi Inc. (NASDAQ:XPER) by 15.7% in the 4th quarter, HoldingsChannel reports. The firm owned 73,821 shares of the semiconductor company’s stock after selling 13,800 shares during the quarter. Kestrel Investment Management Corp’s holdings in Xperi were worth $814,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Mariner LLC raised its holdings in shares of Xperi by 1.6% in the 3rd quarter. Mariner LLC now owns 81,411 shares of the semiconductor company’s stock valued at $803,000 after purchasing an additional 1,252 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Xperi by 42.3% in the 2nd quarter. Captrust Financial Advisors now owns 4,454 shares of the semiconductor company’s stock valued at $64,000 after purchasing an additional 1,323 shares in the last quarter. FMR LLC raised its holdings in shares of Xperi by 150.0% in the 1st quarter. FMR LLC now owns 2,270 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 1,362 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Xperi by 1.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 107,796 shares of the semiconductor company’s stock valued at $1,063,000 after purchasing an additional 1,572 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Xperi by 1.3% in the 3rd quarter. Rhumbline Advisers now owns 138,607 shares of the semiconductor company’s stock valued at $1,367,000 after purchasing an additional 1,805 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on XPER. TheStreet upgraded shares of Xperi from a “d+” rating to a “c-” rating in a research note on Tuesday, December 26th. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 price objective on shares of Xperi in a research note on Friday, March 1st. Finally, StockNews.com upgraded shares of Xperi from a “hold” rating to a “buy” rating in a research note on Sunday, April 14th.

Xperi Stock Up 0.9 %

Shares of NASDAQ XPER traded up $0.09 during trading hours on Friday, hitting $9.62. 333,178 shares of the stock were exchanged, compared to its average volume of 419,252. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.13. The company has a market cap of $433.19 million, a PE ratio of -2.99 and a beta of 1.76. The firm has a fifty day moving average price of $10.95 and a 200-day moving average price of $10.37. Xperi Inc. has a 12 month low of $7.91 and a 12 month high of $13.62.

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

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.