UBS Group AG Purchases New Position in Xperi Co. (XPER)
UBS Group AG purchased a new stake in shares of Xperi Co. (NASDAQ:XPER) during the first quarter, Holdings Channel reports. The institutional investor purchased 3,857 shares of the semiconductor company’s stock, valued at approximately $131,000.
Other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB bought a new position in shares of Xperi during the first quarter valued at approximately $117,000. ClariVest Asset Management LLC bought a new position in shares of Xperi during the first quarter valued at approximately $117,000. Envestnet Asset Management Inc. bought a new position in shares of Xperi during the first quarter valued at approximately $118,000. LS Investment Advisors LLC bought a new position in shares of Xperi during the first quarter valued at approximately $143,000. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Xperi during the first quarter valued at approximately $144,000. Institutional investors own 99.59% of the company’s stock.
Xperi Co. (XPER) traded up 0.98% during midday trading on Friday, hitting $25.65. The stock had a trading volume of 464,608 shares. Xperi Co. has a 1-year low of $24.95 and a 1-year high of $45.95. The firm has a 50-day moving average price of $30.07 and a 200-day moving average price of $34.15.
Xperi (NASDAQ:XPER) last issued its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. Xperi had a positive return on equity of 11.06% and a negative net margin of 12.22%. The firm had revenue of $91.32 million for the quarter, compared to analyst estimates of $90.33 million. During the same period in the prior year, the firm posted $0.60 EPS. The company’s revenue for the quarter was up 36.3% on a year-over-year basis. Equities research analysts predict that Xperi Co. will post $1.56 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Wednesday, August 16th. Xperi’s dividend payout ratio is -111.11%.
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Several equities research analysts have recently weighed in on XPER shares. TheStreet cut Xperi from a “b-” rating to a “c” rating in a research report on Monday, May 8th. Zacks Investment Research cut Xperi from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 1st.
Tessera Holding Corporation is a product and technology licensing company. The Company’s technologies and intellectual property are deployed, in areas, such as audio, computational imaging, computer vision, mobile computing and communications, memory, data storage, three dimensional (3D) semiconductor interconnect and packaging.
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