Xperi Holding Co. (NASDAQ:XPER) Shares Bought by Invenomic Capital Management LP

Invenomic Capital Management LP lifted its stake in Xperi Holding Co. (NASDAQ:XPERGet Rating) by 21.6% in the 4th quarter, Holdings Channel reports. The firm owned 126,966 shares of the semiconductor company’s stock after purchasing an additional 22,553 shares during the quarter. Invenomic Capital Management LP’s holdings in Xperi were worth $2,401,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Equitec Proprietary Markets LLC increased its holdings in Xperi by 9.6% during the 4th quarter. Equitec Proprietary Markets LLC now owns 9,144 shares of the semiconductor company’s stock valued at $173,000 after acquiring an additional 800 shares in the last quarter. Raymond James & Associates raised its position in shares of Xperi by 2.4% in the 3rd quarter. Raymond James & Associates now owns 34,960 shares of the semiconductor company’s stock worth $659,000 after buying an additional 820 shares during the period. Voya Investment Management LLC raised its position in Xperi by 2.0% in the third quarter. Voya Investment Management LLC now owns 49,807 shares of the semiconductor company’s stock valued at $938,000 after purchasing an additional 967 shares during the period. Wellington Management Group LLP raised its position in Xperi by 0.3% in the third quarter. Wellington Management Group LLP now owns 350,339 shares of the semiconductor company’s stock valued at $6,600,000 after purchasing an additional 1,146 shares during the period. Finally, Bank of America Corp DE raised its position in Xperi by 1.4% in the fourth quarter. Bank of America Corp DE now owns 91,632 shares of the semiconductor company’s stock valued at $1,732,000 after purchasing an additional 1,259 shares during the period. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Xperi stock traded down $0.14 during mid-day trading on Friday, hitting $16.64. The company’s stock had a trading volume of 377,456 shares, compared to its average volume of 431,163. The firm’s 50 day moving average is $16.48 and its 200 day moving average is $17.52. The company has a market cap of $1.73 billion, a PE ratio of -48.94 and a beta of 0.77. Xperi Holding Co. has a 52-week low of $14.94 and a 52-week high of $22.81.

Xperi (NASDAQ:XPERGet Rating) last posted its quarterly earnings results on Wednesday, February 23rd. The semiconductor company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.08). Xperi had a positive return on equity of 19.34% and a negative net margin of 3.92%. The firm had revenue of $214.45 million for the quarter, compared to analysts’ expectations of $221.50 million. During the same period last year, the business earned $1.68 earnings per share. As a group, equities analysts forecast that Xperi Holding Co. will post 1.62 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 21st. Shareholders of record on Tuesday, May 31st will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Friday, May 27th. Xperi’s dividend payout ratio (DPR) is presently -58.82%.

A number of analysts have recently issued reports on XPER shares. TheStreet raised Xperi from a “d+” rating to a “c-” rating in a research report on Thursday, April 7th. Zacks Investment Research upgraded Xperi from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 28th. Finally, StockNews.com raised Xperi from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 13th. One investment analyst has rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $26.50.

In other news, Director Laura Durr sold 5,000 shares of the stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $15.61, for a total value of $78,050.00. Following the completion of the transaction, the director now owns 36,773 shares in the company, valued at approximately $574,026.53. The sale was disclosed in a filing with the SEC, which is available at this link. 1.70% of the stock is owned by corporate insiders.

Xperi Profile (Get Rating)

Xperi Holding Corporation, together with its subsidiaries, operates as a consumer and entertainment product/solutions licensing company worldwide. It operates through two segments, Intellectual Property Licensing and Product. The Intellectual Property Licensing segment primarily licenses its innovations to companies in the entertainment industry under the Adeia brand.

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Institutional Ownership by Quarter for Xperi (NASDAQ:XPER)

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