Xperi Co. (NASDAQ:XPER) was the target of a large increase in short interest in December. As of December 29th, there was short interest totalling 5,521,347 shares, an increase of 20.7% from the December 15th total of 4,572,904 shares. Based on an average daily volume of 741,004 shares, the short-interest ratio is presently 7.5 days. Currently, 11.4% of the shares of the company are sold short.
Xperi (XPER) opened at $22.90 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 3.15 and a current ratio of 3.15. The firm has a market capitalization of $1,130.00, a P/E ratio of -15.79 and a beta of 0.73. Xperi has a 52 week low of $16.70 and a 52 week high of $45.90.
Xperi (NASDAQ:XPER) last announced its earnings results on Thursday, November 2nd. The semiconductor company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.06). The business had revenue of $88.50 million for the quarter, compared to analyst estimates of $94.20 million. Xperi had a positive return on equity of 8.10% and a negative net margin of 22.54%. The firm’s revenue for the quarter was up 41.8% on a year-over-year basis.
In related news, CFO Robert J. Andersen acquired 2,000 shares of the stock in a transaction on Monday, November 6th. The shares were acquired at an average price of $17.75 per share, for a total transaction of $35,500.00. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard Hill acquired 10,000 shares of the stock in a transaction on Friday, December 1st. The stock was bought at an average price of $18.75 per share, for a total transaction of $187,500.00. Following the transaction, the director now owns 60,854 shares in the company, valued at approximately $1,141,012.50. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 21,388 shares of company stock worth $400,127. Insiders own 2.40% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Flinton Capital Management LLC raised its stake in shares of Xperi by 65.1% during the 2nd quarter. Flinton Capital Management LLC now owns 4,828 shares of the semiconductor company’s stock worth $144,000 after buying an additional 1,904 shares during the period. Riverhead Capital Management LLC raised its stake in shares of Xperi by 68.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,897 shares of the semiconductor company’s stock worth $146,000 after buying an additional 1,997 shares during the period. Pinebridge Investments L.P. raised its stake in shares of Xperi by 1.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 6,515 shares of the semiconductor company’s stock worth $194,000 after buying an additional 116 shares during the period. Ramsey Quantitative Systems acquired a new position in shares of Xperi during the 2nd quarter worth approximately $276,000. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of Xperi during the 2nd quarter worth approximately $319,000. 99.63% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have commented on the company. BidaskClub lowered Xperi from a “hold” rating to a “sell” rating in a research report on Thursday. Bank of America downgraded Xperi from a “buy” rating to a “neutral” rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research raised Xperi from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 28th.
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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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