O Shares Investment Advisers LLC cut its stake in Xperi Corp (NASDAQ:XPER) by 10.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 12,724 shares of the semiconductor company’s stock after selling 1,479 shares during the period. O Shares Investment Advisers LLC’s holdings in Xperi were worth $298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Investors Research Corp acquired a new position in shares of Xperi during the first quarter valued at $26,000. Penserra Capital Management LLC acquired a new position in shares of Xperi during the fourth quarter valued at $30,000. NumerixS Investment Technologies Inc acquired a new position in shares of Xperi during the first quarter valued at $66,000. Bank of Montreal Can increased its holdings in shares of Xperi by 124.7% during the fourth quarter. Bank of Montreal Can now owns 4,646 shares of the semiconductor company’s stock valued at $86,000 after purchasing an additional 2,578 shares during the period. Finally, Meeder Asset Management Inc. increased its holdings in shares of Xperi by 346.7% during the first quarter. Meeder Asset Management Inc. now owns 5,696 shares of the semiconductor company’s stock valued at $133,000 after purchasing an additional 4,421 shares during the period. 96.94% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:XPER opened at $20.07 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 8.46 and a quick ratio of 8.46. Xperi Corp has a 1-year low of $12.08 and a 1-year high of $25.84. The firm has a market capitalization of $1.01 billion, a P/E ratio of 8.09 and a beta of 0.40.

Xperi (NASDAQ:XPER) last released its quarterly earnings results on Wednesday, May 8th. The semiconductor company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.13. Xperi had a return on equity of 20.08% and a net margin of 1.92%. The business had revenue of $104.30 million during the quarter, compared to analyst estimates of $104.00 million. Research analysts expect that Xperi Corp will post 1.97 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th will be given a $0.20 dividend. The ex-dividend date is Tuesday, May 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.99%. Xperi’s dividend payout ratio (DPR) is 32.26%.

A number of research analysts recently issued reports on XPER shares. National Securities reaffirmed a “buy” rating and set a $36.00 target price on shares of Xperi in a report on Thursday, May 9th. Zacks Investment Research lowered Xperi from a “strong-buy” rating to a “hold” rating and set a $24.00 target price on the stock. in a report on Saturday, February 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $30.00 target price on shares of Xperi in a report on Monday, May 13th. Craig Hallum lifted their target price on Xperi from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, February 21st. They noted that the move was a valuation call. Finally, BidaskClub raised Xperi from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. Two investment analysts have rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the stock. Xperi currently has an average rating of “Buy” and an average price target of $29.60.

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Xperi Profile

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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Institutional Ownership by Quarter for Xperi (NASDAQ:XPER)

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