Xperi Inc. $XPER Shares Purchased by Waterfront Wealth Inc.

Waterfront Wealth Inc. increased its stake in Xperi Inc. (NYSE:XPER) by 24.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 617,115 shares of the company’s stock after purchasing an additional 122,168 shares during the quarter. Waterfront Wealth Inc. owned 1.31% of Xperi worth $3,456,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mariner LLC raised its stake in shares of Xperi by 2.8% during the 3rd quarter. Mariner LLC now owns 79,360 shares of the company’s stock worth $514,000 after buying an additional 2,195 shares during the last quarter. Invesco Ltd. increased its stake in shares of Xperi by 3.4% during the 4th quarter. Invesco Ltd. now owns 72,959 shares of the company’s stock valued at $428,000 after acquiring an additional 2,397 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Xperi by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 393,636 shares of the company’s stock worth $2,307,000 after purchasing an additional 4,156 shares during the period. Raymond James Financial Inc. raised its holdings in shares of Xperi by 6.6% in the 3rd quarter. Raymond James Financial Inc. now owns 80,819 shares of the company’s stock worth $524,000 after purchasing an additional 5,023 shares during the period. Finally, Zacks Investment Management lifted its position in Xperi by 45.1% during the third quarter. Zacks Investment Management now owns 16,954 shares of the company’s stock valued at $110,000 after buying an additional 5,266 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on XPER. BWS Financial restated a “buy” rating and issued a $12.00 price target on shares of Xperi in a report on Monday, June 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Xperi in a research note on Friday, May 29th. Wall Street Zen upgraded Xperi from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Finally, Zacks Research raised shares of Xperi from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $11.00.

Xperi Stock Up 1.7%

Shares of Xperi stock opened at $8.04 on Friday. The stock has a 50-day moving average price of $7.78 and a 200 day moving average price of $6.56. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.10. The company has a market cap of $388.33 million, a P/E ratio of -8.13 and a beta of 1.42. Xperi Inc. has a 1 year low of $5.07 and a 1 year high of $8.75.

Xperi (NYSE:XPER) last announced 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. The firm had revenue of $114.21 million for the quarter, compared to the consensus estimate of $107.89 million. Xperi had a negative net margin of 10.22% and a positive return on equity of 1.09%. As a group, analysts expect that Xperi Inc. will post 0.35 EPS for the current fiscal year.

Xperi Company 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.