The Manufacturers Life Insurance Company Boosts Stock Holdings in Xperi Inc. $XPER

The Manufacturers Life Insurance Company boosted its position in Xperi Inc. (NYSE:XPER – Free Report) by 24.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,092,416 shares of the company’s stock after purchasing an additional 613,428 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.06% of Xperi worth $25,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in shares of Xperi during the 3rd quarter valued at approximately $57,000. Sei Investments Co. purchased a new stake in shares of Xperi in the 1st quarter valued at about $58,000. Endeavor Private Wealth Inc. bought a new stake in Xperi during the fourth quarter valued at approximately $69,000. Alpine Global Management LLC bought a new stake in shares of Xperi during the 4th quarter worth $89,000. Finally, Tactive Advisors LLC lifted its stake in Xperi by 59.3% during the first quarter. Tactive Advisors LLC now owns 16,270 shares of the company’s stock worth $91,000 after purchasing an additional 6,055 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Xperi Price Performance

Shares of NYSE XPER opened at $6.07 on Friday. Xperi Inc. has a 1 year low of $5.07 and a 1 year high of $8.75. The stock has a market capitalization of $296.03 million, a P/E ratio of -8.67 and a beta of 1.43. The company’s 50-day moving average is $7.39 and its 200 day moving average is $6.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.48 and a quick ratio of 2.48.

Xperi (NYSE:XPER – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.07. Xperi had a positive return on equity of 4.04% and a negative net margin of 7.12%.The business had revenue of $114.49 million for the quarter, compared to analysts’ expectations of $112.66 million. On average, sell-side analysts expect that Xperi Inc. will post 0.53 earnings per share for the current year.

Wall Street Analyst Weigh In

XPER has been the subject of a number of research reports. BWS Financial reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Xperi in a research note on Friday, August 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xperi in a report on Friday, May 29th. Rosenblatt Securities reissued a “buy” rating and set a $10.00 price target on shares of Xperi in a research report on Thursday, August 6th. Finally, Wall Street Zen cut shares of Xperi from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.00.

Check Out Our Latest Research Report on XPER

About Xperi

(Free Report)

Xperi Inc (NYSE: XPER) is a global technology company that develops and licenses audio, imaging and semiconductor packaging solutions. The company was formed in 2016 through the spin-off of Tessera Technologies’ product divisions and expanded its product portfolio in 2019 with the acquisition of TiVo Corporation. Headquartered in San Jose, California, Xperi’s technologies underpin a range of consumer electronics, automotive, mobile and broadcast products around the world.

In its technology licensing segment, Xperi offers a broad portfolio of semiconductor packaging and interconnect solutions designed to improve performance and energy efficiency in chips and devices.

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