Xperi Corp (NASDAQ:XPER) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 4,430,000 shares, a growth of 19.7% from the August 15th total of 3,700,000 shares. Based on an average daily volume of 1,080,000 shares, the short-interest ratio is currently 4.1 days.
XPER has been the subject of a number of research reports. BWS Financial initiated coverage on shares of Xperi in a research note on Monday, August 24th. They set a “buy” rating and a $26.00 target price for the company. BidaskClub lowered shares of Xperi from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. ValuEngine upgraded shares of Xperi from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 1st. Zacks Investment Research lowered shares of Xperi from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, Sidoti assumed coverage on shares of Xperi in a research report on Monday, July 13th. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $25.75.
Shares of XPER stock opened at $12.43 on Thursday. The stock has a market cap of $1.35 billion, a P/E ratio of -21.43 and a beta of 0.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.54 and a quick ratio of 7.25. The company has a fifty day moving average price of $14.23 and a two-hundred day moving average price of $14.26. Xperi has a one year low of $9.01 and a one year high of $21.71.
Xperi (NASDAQ:XPER) last announced its quarterly earnings results on Monday, August 10th. The semiconductor company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.12. The firm had revenue of $93.40 million during the quarter, compared to analysts’ expectations of $119.20 million. Xperi had a negative net margin of 8.65% and a positive return on equity of 18.37%. As a group, equities research analysts anticipate that Xperi will post -0.5 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 21st. Shareholders of record on Monday, August 31st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Friday, August 28th. Xperi’s dividend payout ratio is currently 7.81%.
In other news, insider Samir Armaly acquired 2,132 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was purchased at an average price of $11.73 per share, with a total value of $25,008.36. Following the purchase, the insider now owns 171,814 shares of the company’s stock, valued at approximately $2,015,378.22. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher A. Seams acquired 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was purchased at an average cost of $13.49 per share, with a total value of $80,940.00. Following the purchase, the director now directly owns 62,291 shares in the company, valued at approximately $840,305.59. The disclosure for this purchase can be found here. Insiders purchased a total of 27,594 shares of company stock valued at $355,367 in the last ninety days. Company insiders own 1.80% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Two Sigma Advisers LP increased its holdings in Xperi by 533.6% in the 2nd quarter. Two Sigma Advisers LP now owns 187,752 shares of the semiconductor company’s stock valued at $2,771,000 after buying an additional 158,118 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in Xperi in the 2nd quarter valued at about $189,000. Principal Financial Group Inc. boosted its stake in shares of Xperi by 127.0% in the 2nd quarter. Principal Financial Group Inc. now owns 912,942 shares of the semiconductor company’s stock valued at $13,475,000 after purchasing an additional 510,706 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Xperi by 112.3% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 30,200 shares of the semiconductor company’s stock valued at $446,000 after purchasing an additional 15,975 shares in the last quarter. Finally, Bridgeway Capital Management Inc. boosted its stake in shares of Xperi by 15.1% in the 2nd quarter. Bridgeway Capital Management Inc. now owns 266,500 shares of the semiconductor company’s stock valued at $3,934,000 after purchasing an additional 35,000 shares in the last quarter. Hedge funds and other institutional investors own 86.16% of the company’s stock.
Xperi Company Profile
Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, South Korea, Taiwan, Japan, Europe, the Middle East, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.
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