Xperi Inc. (NASDAQ:XPER) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in Xperi Inc. (NASDAQ:XPER) by 23.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,520 shares of the semiconductor company’s stock after selling 1,378 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Xperi were worth $50,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. EMC Capital Management bought a new stake in Xperi in the third quarter valued at about $32,000. SVB Wealth LLC acquired a new stake in shares of Xperi during the 3rd quarter valued at approximately $127,000. Versor Investments LP lifted its stake in Xperi by 27.1% during the third quarter. Versor Investments LP now owns 17,246 shares of the semiconductor company’s stock worth $170,000 after purchasing an additional 3,672 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new position in Xperi in the third quarter worth $259,000. Finally, Mackenzie Financial Corp increased its stake in Xperi by 17.6% during the third quarter. Mackenzie Financial Corp now owns 33,704 shares of the semiconductor company’s stock valued at $322,000 after purchasing an additional 5,034 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on XPER shares. StockNews.com upgraded shares of Xperi from a “hold” rating to a “buy” rating in a research report on Sunday, April 14th. Rosenblatt Securities restated a “buy” rating and issued a $15.00 target price on shares of Xperi in a research note on Friday, March 1st.

Xperi Price Performance

Shares of NASDAQ XPER opened at $10.74 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a market capitalization of $483.62 million, a PE ratio of -3.37 and a beta of 1.76. Xperi Inc. has a 1-year low of $7.91 and a 1-year high of $13.62. The business’s fifty day moving average price is $10.80 and its two-hundred day moving average price is $10.42.

Xperi (NASDAQ:XPER) last released its quarterly earnings data on Wednesday, February 28th. The semiconductor company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.16. The business had revenue of $137.23 million for the quarter, compared to analysts’ expectations of $138.90 million. Xperi had a negative net margin of 26.20% and a negative return on equity of 7.37%. On average, research analysts expect that Xperi Inc. will post -1.19 EPS for the current year.

Xperi Company Profile

Xperi Inc operates as a consumer and entertainment technology company worldwide. It offers Pay-TV solutions, including UX solutions that allows service providers to customize elements of the interactive program guide for their customers and to upgrade the programming features and services; IPTV, a cloud-based solution that supports various services and applications, such as TV programming, broadband OTT video content, digital music, photos, and other media experiences; managed IPTV service; video metadata and services; managed IPTV Service, a customizable, cloud-enabled, and end-to-end streaming video solution that enables operators to quickly launch a branded, fully compliant, full-featured Pay-TV service; metadata libraries comprising television, sports, movies, digital-first, celebrities, books, and video games; personalized content discovery, natural language voice, and insights; and TiVo DVR subscriptions, as well as technical support service.