Thompson Siegel & Walmsley LLC Lowers Stock Holdings in Xperi Inc. $XPER

Thompson Siegel & Walmsley LLC lowered its stake in shares of Xperi Inc. (NYSE:XPER) by 68.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,983 shares of the company’s stock after selling 112,704 shares during the quarter. Thompson Siegel & Walmsley LLC owned about 0.11% of Xperi worth $310,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in XPER. AQR Capital Management LLC grew its holdings in shares of Xperi by 285.3% during the first quarter. AQR Capital Management LLC now owns 62,375 shares of the company’s stock worth $482,000 after buying an additional 46,186 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Xperi by 1.2% during the first quarter. Goldman Sachs Group Inc. now owns 1,559,490 shares of the company’s stock worth $12,039,000 after buying an additional 17,984 shares during the last quarter. Creative Planning purchased a new position in shares of Xperi during the second quarter worth about $135,000. Rhumbline Advisers grew its holdings in shares of Xperi by 39.1% during the second quarter. Rhumbline Advisers now owns 97,679 shares of the company’s stock worth $773,000 after buying an additional 27,439 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Xperi by 9.0% during the second quarter. American Century Companies Inc. now owns 117,181 shares of the company’s stock worth $927,000 after buying an additional 9,668 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Xperi Price Performance

Shares of XPER opened at $7.98 on Wednesday. Xperi Inc. has a twelve month low of $5.07 and a twelve month high of $8.49. The stock’s 50 day moving average is $6.74 and its two-hundred day moving average is $6.17. The firm has a market capitalization of $384.95 million, a PE ratio of -8.06 and a beta of 1.46. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.10.

Xperi (NYSE:XPER) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. Xperi had a positive return on equity of 1.09% and a negative net margin of 10.22%.The company had revenue of $114.21 million for the quarter, compared to analyst estimates of $107.90 million. Research analysts anticipate that Xperi Inc. will post 0.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on XPER. Rosenblatt Securities reissued a “buy” rating and set a $10.00 price target on shares of Xperi in a report on Thursday, February 26th. Wall Street Zen raised Xperi from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xperi in a report on Friday. Finally, Zacks Research raised Xperi from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $11.00.

Xperi Company 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.