Xperi Inc. $XPER Shares Purchased by Immersion Corp

Immersion Corp boosted its stake in Xperi Inc. (NYSE:XPER) by 69.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,863,435 shares of the company’s stock after purchasing an additional 762,911 shares during the period. Xperi makes up about 7.5% of Immersion Corp’s investment portfolio, making the stock its 3rd biggest holding. Immersion Corp’s holdings in Xperi were worth $10,920,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Clearline Capital LP increased its holdings in Xperi by 12.8% in the 3rd quarter. Clearline Capital LP now owns 1,738,981 shares of the company’s stock valued at $11,269,000 after purchasing an additional 196,761 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new stake in Xperi in the 4th quarter valued at $69,000. Waterfront Wealth Inc. increased its holdings in Xperi by 8.4% in the 4th quarter. Waterfront Wealth Inc. now owns 494,947 shares of the company’s stock valued at $2,941,000 after purchasing an additional 38,516 shares in the last quarter. Algert Global LLC acquired a new stake in Xperi in the 3rd quarter valued at $370,000. Finally, Wells Fargo & Company MN increased its holdings in Xperi by 44.4% in the 4th quarter. Wells Fargo & Company MN now owns 52,689 shares of the company’s stock valued at $309,000 after purchasing an additional 16,210 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Rosenblatt Securities restated a “buy” rating and set a $10.00 target price on shares of Xperi in a research note on Thursday, February 26th. Wall Street Zen upgraded Xperi from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Zacks Research upgraded Xperi from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Xperi in a research note on Friday, May 29th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.00.

Xperi Stock Down 1.4%

Shares of Xperi stock opened at $7.75 on Thursday. The business has a 50-day moving average of $7.22 and a 200-day moving average of $6.32. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.36 and a quick ratio of 2.36. The company has a market capitalization of $374.09 million, a PE ratio of -7.83 and a beta of 1.46. Xperi Inc. has a 1-year low of $5.07 and a 1-year high of $8.49.

Xperi (NYSE:XPER) last announced its earnings results on Wednesday, May 6th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.08. The company had revenue of $114.21 million during the quarter, compared to the consensus estimate of $107.90 million. Xperi had a positive return on equity of 1.09% and a negative net margin of 10.22%. As a group, equities analysts forecast that Xperi Inc. will post 0.35 EPS for the current fiscal year.

About Xperi

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.