Xperi Inc. (NASDAQ:XPER) Shares Sold by Rubric Capital Management LP

Rubric Capital Management LP lowered its position in shares of Xperi Inc. (NASDAQ:XPER) by 36.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,555,632 shares of the semiconductor company’s stock after selling 1,488,112 shares during the quarter. Rubric Capital Management LP owned approximately 0.06% of Xperi worth $28,163,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Mariner LLC boosted its position in Xperi by 1.6% during the third quarter. Mariner LLC now owns 81,411 shares of the semiconductor company’s stock worth $803,000 after acquiring an additional 1,252 shares during the last quarter. Gladius Capital Management LP raised its stake in Xperi by 16.1% during the fourth quarter. Gladius Capital Management LP now owns 9,113 shares of the semiconductor company’s stock worth $100,000 after purchasing an additional 1,267 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Xperi by 1.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 107,796 shares of the semiconductor company’s stock worth $1,063,000 after purchasing an additional 1,572 shares during the period. Mackenzie Financial Corp raised its stake in Xperi by 5.9% during the fourth quarter. Mackenzie Financial Corp now owns 35,706 shares of the semiconductor company’s stock worth $393,000 after purchasing an additional 2,002 shares during the period. Finally, Swiss National Bank raised its stake in Xperi by 3.0% during the third quarter. Swiss National Bank now owns 93,398 shares of the semiconductor company’s stock worth $921,000 after purchasing an additional 2,700 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Xperi Trading Down 0.2 %

Shares of XPER stock traded down $0.02 during mid-day trading on Friday, reaching $8.23. The company’s stock had a trading volume of 372,783 shares, compared to its average volume of 350,291. The company’s 50 day simple moving average is $9.89 and its 200-day simple moving average is $10.53. Xperi Inc. has a 12-month low of $7.91 and a 12-month high of $13.62. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $371.58 million, a PE ratio of -3.03 and a beta of 1.60.

Xperi (NASDAQ:XPER) last issued its earnings results on Wednesday, May 8th. The semiconductor company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. Xperi had a negative net margin of 22.93% and a negative return on equity of 8.35%. The business had revenue of $118.84 million for the quarter, compared to the consensus estimate of $125.23 million. On average, research analysts predict that Xperi Inc. will post -0.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 price target on shares of Xperi in a research note on Friday, March 1st. BWS Financial reaffirmed a “top pick” rating and set a $30.00 price target on shares of Xperi in a research note on Thursday, May 9th. Finally, StockNews.com downgraded shares of Xperi from a “buy” rating to a “hold” rating in a research note on Friday, May 10th.

About Xperi

Xperi Inc operates as a consumer and entertainment technology company worldwide. It offers Pay-TV solutions, including UX solutions that allows service providers to customize elements of the interactive program guide for their customers and to upgrade the programming features and services; IPTV, a cloud-based solution that supports various services and applications, such as TV programming, broadband OTT video content, digital music, photos, and other media experiences; managed IPTV service; video metadata and services; managed IPTV Service, a customizable, cloud-enabled, and end-to-end streaming video solution that enables operators to quickly launch a branded, fully compliant, full-featured Pay-TV service; metadata libraries comprising television, sports, movies, digital-first, celebrities, books, and video games; personalized content discovery, natural language voice, and insights; and TiVo DVR subscriptions, as well as technical support service.