Short Interest in Xperi Holding Co. (NASDAQ:XPER) Increases By 30.9%

Xperi Holding Co. (NASDAQ:XPERGet Rating) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 4,750,000 shares, an increase of 30.9% from the March 15th total of 3,630,000 shares. Approximately 4.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 523,600 shares, the short-interest ratio is presently 9.1 days.

Institutional investors and hedge funds have recently bought and sold shares of the company. Daiwa Securities Group Inc. acquired a new stake in Xperi during the 3rd quarter worth approximately $58,000. Macquarie Group Ltd. raised its holdings in shares of Xperi by 156.2% in the third quarter. Macquarie Group Ltd. now owns 4,347 shares of the semiconductor company’s stock valued at $82,000 after purchasing an additional 2,650 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Xperi during the third quarter valued at about $90,000. Bbva USA boosted its position in Xperi by 22.9% during the third quarter. Bbva USA now owns 8,471 shares of the semiconductor company’s stock worth $159,000 after purchasing an additional 1,578 shares during the period. Finally, Neo Ivy Capital Management bought a new position in shares of Xperi in the fourth quarter valued at approximately $165,000. Institutional investors own 88.59% of the company’s stock.

Shares of XPER stock opened at $16.20 on Monday. The stock has a market cap of $1.70 billion, a P/E ratio of -30.57 and a beta of 0.76. The company has a fifty day moving average price of $16.77 and a two-hundred day moving average price of $17.90. Xperi has a one year low of $15.67 and a one year high of $22.81.

Xperi (NASDAQ:XPERGet Rating) last announced its quarterly earnings results on Wednesday, February 23rd. The semiconductor company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.08). The firm had revenue of $214.45 million during the quarter, compared to analyst estimates of $221.50 million. Xperi had a negative net margin of 6.32% and a positive return on equity of 16.45%. During the same quarter in the prior year, the business earned $1.68 EPS. On average, research analysts expect that Xperi will post 1.63 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 30th. Shareholders of record on Wednesday, March 16th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.23%. The ex-dividend date was Tuesday, March 15th. Xperi’s dividend payout ratio is currently -37.74%.

A number of equities analysts have commented on XPER shares. Zacks Investment Research lowered shares of Xperi from a “buy” rating to a “hold” rating in a research report on Saturday, January 8th. BWS Financial upgraded shares of Xperi from a “buy” rating to a “top pick” rating in a research report on Monday, January 3rd. initiated coverage on shares of Xperi in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Finally, TheStreet raised shares of Xperi from a “d+” rating to a “c-” rating in a research report on Thursday, April 7th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $26.50.

About Xperi (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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