Xperi Inc. $XPER Stock Holdings Boosted by Clearline Capital LP

Clearline Capital LP lifted its position in shares of Xperi Inc. (NYSE:XPER) by 69.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,949,895 shares of the company’s stock after acquiring an additional 1,210,914 shares during the period. Xperi accounts for 0.9% of Clearline Capital LP’s portfolio, making the stock its 23rd biggest holding. Clearline Capital LP owned about 6.37% of Xperi worth $17,286,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Schonfeld Strategic Advisors LLC bought a new position in shares of Xperi during the third quarter worth about $139,000. Brooklyn Investment Group bought a new position in shares of Xperi during the third quarter worth about $135,000. Creative Planning bought a new position in shares of Xperi during the second quarter worth about $135,000. Aquatic Capital Management LLC bought a new position in shares of Xperi during the third quarter worth about $130,000. Finally, BNP Paribas Financial Markets grew its position in shares of Xperi by 331.5% during the third quarter. BNP Paribas Financial Markets now owns 18,686 shares of the company’s stock worth $121,000 after acquiring an additional 14,356 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Xperi Price Performance

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

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

Wall Street Analysts Forecast Growth

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

Xperi Profile

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.