Xperi (NASDAQ:XPER) Reaches New 12-Month Low at $14.85

Xperi Holding Co. (NASDAQ:XPER – Get Rating)’s share price reached a new 52-week low on Monday . The stock traded as low as $14.85 and last traded at $14.88, with a volume of 4762 shares trading hands. The stock had previously closed at $15.62.

A number of analysts have recently commented on the company. TheStreet upgraded Xperi from a “d+” rating to a “c-” rating in a research note on Thursday, April 7th. StockNews.com upgraded Xperi from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 13th.

The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of -44.18 and a beta of 0.77. The stock’s 50 day moving average price is $16.22 and its two-hundred day moving average price is $17.23.

Xperi (NASDAQ:XPER – Get Rating) last announced its quarterly earnings data on Monday, May 9th. The semiconductor company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.43. The business had revenue of $257.42 million for the quarter, compared to analyst estimates of $241.87 million. Xperi had a negative net margin of 3.92% and a positive return on equity of 19.34%. Sell-side analysts predict that Xperi Holding Co. will post 1.62 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 21st. Stockholders of record on Tuesday, May 31st will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, May 27th. Xperi’s payout ratio is currently -58.82%.

In related news, Director Laura Durr sold 5,000 shares of Xperi stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $15.61, for a total transaction of $78,050.00. Following the sale, the director now directly owns 36,773 shares in the company, valued at $574,026.53. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of Xperi during the 4th quarter valued at about $22,698,000. Goldman Sachs Group Inc. lifted its holdings in Xperi by 367.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 935,127 shares of the semiconductor company’s stock worth $16,196,000 after purchasing an additional 735,159 shares during the last quarter. LSV Asset Management lifted its holdings in Xperi by 96.4% in the 1st quarter. LSV Asset Management now owns 908,200 shares of the semiconductor company’s stock worth $15,730,000 after purchasing an additional 445,880 shares during the last quarter. Royce & Associates LP lifted its holdings in Xperi by 640.6% in the 1st quarter. Royce & Associates LP now owns 487,196 shares of the semiconductor company’s stock worth $8,438,000 after purchasing an additional 421,409 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Xperi by 40.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,439,590 shares of the semiconductor company’s stock worth $24,934,000 after buying an additional 417,906 shares during the period. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Xperi Company Profile (NASDAQ:XPER)

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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