Xperi Co. (NASDAQ:XPER) rose 12.1% during trading on Tuesday . The company traded as high as $26.90 and last traded at $26.45. Approximately 1,936,300 shares were traded during trading, an increase of 301% from the average daily volume of 482,573 shares. The stock had previously closed at $23.60.

XPER has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Xperi from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 28th. BidaskClub upgraded shares of Xperi from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. Finally, Bank of America cut shares of Xperi from a “buy” rating to a “neutral” rating in a research report on Friday, November 3rd. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $53.00.

The firm has a market cap of $1,304.36, a PE ratio of 37.25 and a beta of 0.73. The company has a debt-to-equity ratio of 1.32, a quick ratio of 3.15 and a current ratio of 3.15.

Xperi (NASDAQ:XPER) last released its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.06). The company had revenue of $88.50 million for the quarter, compared to the consensus estimate of $94.20 million. Xperi had a negative net margin of 22.54% and a positive return on equity of 8.10%. The company’s quarterly revenue was up 41.8% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Stockholders of record on Wednesday, November 22nd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.98%. The ex-dividend date was Tuesday, November 21st. Xperi’s payout ratio is currently -55.56%.

In other Xperi news, Director George Andrew Riedel purchased 3,000 shares of Xperi stock in a transaction that occurred on Monday, November 27th. The shares were bought at an average price of $19.58 per share, for a total transaction of $58,740.00. Following the completion of the transaction, the director now owns 24,527 shares of the company’s stock, valued at approximately $480,238.66. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard Hill purchased 10,000 shares of Xperi stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average price of $18.75 per share, for a total transaction of $187,500.00. Following the transaction, the director now directly owns 60,854 shares of the company’s stock, valued at approximately $1,141,012.50. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 21,388 shares of company stock worth $400,127. Company insiders own 2.40% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Flinton Capital Management LLC increased its position in Xperi by 65.1% in the second quarter. Flinton Capital Management LLC now owns 4,828 shares of the semiconductor company’s stock worth $144,000 after purchasing an additional 1,904 shares during the last quarter. Riverhead Capital Management LLC increased its position in Xperi by 68.9% in the second quarter. Riverhead Capital Management LLC now owns 4,897 shares of the semiconductor company’s stock worth $146,000 after purchasing an additional 1,997 shares during the last quarter. Pinebridge Investments L.P. increased its position in Xperi by 1.8% in the second quarter. Pinebridge Investments L.P. now owns 6,515 shares of the semiconductor company’s stock worth $194,000 after purchasing an additional 116 shares during the last quarter. Ramsey Quantitative Systems bought a new stake in Xperi in the second quarter worth $276,000. Finally, Piedmont Investment Advisors LLC bought a new stake in Xperi in the second quarter worth $319,000. Institutional investors own 99.63% of the company’s stock.

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Xperi Company Profile

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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