Renaissance Technologies LLC Increases Stock Position in Xperi Corp (NASDAQ:XPER)
Renaissance Technologies LLC grew its position in Xperi Corp (NASDAQ:XPER) by 91.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,687,914 shares of the semiconductor company’s stock after purchasing an additional 804,000 shares during the period. Renaissance Technologies LLC’s holdings in Xperi were worth $34,754,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in XPER. Private Ocean LLC bought a new position in Xperi during the second quarter valued at about $28,000. Penserra Capital Management LLC grew its position in Xperi by 50.0% during the first quarter. Penserra Capital Management LLC now owns 2,478 shares of the semiconductor company’s stock valued at $57,000 after buying an additional 826 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in Xperi during the second quarter valued at about $80,000. First Quadrant L P CA bought a new position in Xperi during the second quarter valued at about $129,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Xperi during the second quarter valued at about $135,000. Institutional investors own 96.77% of the company’s stock.
NASDAQ:XPER traded up $0.06 on Friday, reaching $20.58. 4,314 shares of the company’s stock were exchanged, compared to its average volume of 320,934. The company has a debt-to-equity ratio of 0.69, a current ratio of 7.58 and a quick ratio of 7.58. The firm has a market cap of $979.42 million, a price-to-earnings ratio of 8.31 and a beta of 0.38. Xperi Corp has a 52 week low of $12.08 and a 52 week high of $25.84. The stock has a fifty day simple moving average of $19.80 and a 200-day simple moving average of $21.93.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, August 27th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, August 26th. This represents a $0.80 dividend on an annualized basis and a yield of 3.89%. Xperi’s dividend payout ratio is presently 32.26%.
Several research firms recently weighed in on XPER. B. Riley set a $30.00 price target on shares of Xperi and gave the company a “buy” rating in a research report on Tuesday, July 2nd. BidaskClub upgraded shares of Xperi from a “strong sell” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research lowered shares of Xperi from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 14th. Finally, ValuEngine lowered shares of Xperi from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Xperi has a consensus rating of “Hold” and an average target price of $31.00.
In other Xperi news, insider Paul E. Davis sold 6,000 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $22.00, for a total transaction of $132,000.00. Following the completion of the transaction, the insider now owns 103,904 shares in the company, valued at $2,285,888. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by company insiders.
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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