Huber Capital Management LLC Cuts Stake in Xperi Inc. $XPER

Huber Capital Management LLC lowered its holdings in shares of Xperi Inc. (NYSE:XPER) by 66.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,550 shares of the company’s stock after selling 165,336 shares during the quarter. Huber Capital Management LLC owned approximately 0.18% of Xperi worth $490,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Clearline Capital LP grew its position in shares of Xperi by 12.8% during the third quarter. Clearline Capital LP now owns 1,738,981 shares of the company’s stock worth $11,269,000 after purchasing an additional 196,761 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Xperi during the third quarter worth about $57,000. Vanguard Group Inc. grew its position in shares of Xperi by 8.6% during the third quarter. Vanguard Group Inc. now owns 4,136,934 shares of the company’s stock worth $26,807,000 after purchasing an additional 327,368 shares in the last quarter. AlphaQuest LLC grew its position in shares of Xperi by 51.6% during the third quarter. AlphaQuest LLC now owns 14,185 shares of the company’s stock worth $92,000 after purchasing an additional 4,829 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of Xperi by 40.0% during the second quarter. Bank of America Corp DE now owns 214,597 shares of the company’s stock worth $1,697,000 after purchasing an additional 61,321 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on XPER. Wall Street Zen upgraded Xperi from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Xperi in a research note on Friday, May 29th. Rosenblatt Securities reissued a “buy” rating and set a $10.00 price target on shares of Xperi in a research note on Thursday, February 26th. Finally, Zacks Research raised Xperi from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, one has given 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 price target of $11.00.

Xperi Price Performance

Shares of Xperi stock opened at $7.74 on Friday. The stock has a 50 day moving average of $7.10 and a 200 day moving average of $6.28. Xperi Inc. has a 12 month low of $5.07 and a 12 month high of $8.49. The firm has a market cap of $373.51 million, a PE ratio of -7.82 and a beta of 1.46. 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 (NYSE:XPER) last announced its quarterly earnings results 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 positive return on equity of 1.09% and a negative net margin of 10.22%.The company had revenue of $114.21 million during the quarter, compared to analyst estimates of $107.90 million. On average, research analysts expect that Xperi Inc. will post 0.35 EPS for the current fiscal year.

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.