WINTON GROUP Ltd Takes Position in Xperi Corp (XPER)
WINTON GROUP Ltd bought a new stake in shares of Xperi Corp (NASDAQ:XPER) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 157,588 shares of the semiconductor company’s stock, valued at approximately $2,537,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in shares of Xperi in the 1st quarter worth about $127,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Xperi in the 2nd quarter worth about $167,000. BlueMountain Capital Management LLC increased its holdings in shares of Xperi by 70.3% in the 2nd quarter. BlueMountain Capital Management LLC now owns 15,131 shares of the semiconductor company’s stock worth $244,000 after buying an additional 6,244 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Xperi by 30.5% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,700 shares of the semiconductor company’s stock worth $269,000 after buying an additional 3,900 shares during the last quarter. Finally, Berson & Corrado Investment Advisors LLC increased its holdings in shares of Xperi by 54.0% in the 2nd quarter. Berson & Corrado Investment Advisors LLC now owns 19,625 shares of the semiconductor company’s stock worth $315,000 after buying an additional 6,885 shares during the last quarter. Institutional investors own 98.21% of the company’s stock.
Shares of NASDAQ:XPER opened at $14.90 on Tuesday. The stock has a market cap of $768.37 million, a P/E ratio of 10.88 and a beta of 0.52. Xperi Corp has a 12 month low of $14.50 and a 12 month high of $28.33. The company has a debt-to-equity ratio of 0.84, a quick ratio of 7.92 and a current ratio of 7.92.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 6th. Investors of record on Thursday, August 16th were issued a dividend of $0.20 per share. The ex-dividend date was Wednesday, August 15th. This represents a $0.80 annualized dividend and a yield of 5.37%. Xperi’s payout ratio is 58.39%.
A number of analysts have recently weighed in on XPER shares. BidaskClub downgraded shares of Xperi from a “hold” rating to a “sell” rating in a report on Friday, June 8th. ValuEngine downgraded shares of Xperi from a “sell” rating to a “strong sell” rating in a report on Monday, June 11th. B. Riley started coverage on shares of Xperi in a report on Thursday, July 19th. They issued a “buy” rating and a $26.00 target price on the stock. Royal Bank of Canada restated a “buy” rating and issued a $22.00 target price on shares of Xperi in a report on Thursday, August 9th. Finally, Craig Hallum set a $25.00 target price on shares of Xperi and gave the stock a “buy” rating in a report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $28.80.
Xperi Corp. is a product and technology licensing company, which manufactures semiconductors and related products. It operates through Product Licensing and Semiconductor and IP Licensing segments. The Product Licensing segment is comprised of Audio and Imaging businesses of the company, which it licenses through the brands DTS, HD Radio and FotoNation.
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