SG Americas Securities LLC Trims Stock Position in Xperi Inc. (NASDAQ:XPER)

SG Americas Securities LLC cut its stake in shares of Xperi Inc. (NASDAQ:XPER – Get Rating) by 54.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,170 shares of the semiconductor company’s stock after selling 14,268 shares during the quarter. SG Americas Securities LLC’s holdings in Xperi were worth $105,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Smith Graham & Co. Investment Advisors LP purchased a new position in shares of Xperi during the fourth quarter worth approximately $1,108,000. Waterfront Wealth Inc. grew its holdings in Xperi by 393.1% in the fourth quarter. Waterfront Wealth Inc. now owns 86,314 shares of the semiconductor company’s stock worth $856,000 after purchasing an additional 68,811 shares during the last quarter. Kendall Capital Management purchased a new position in Xperi in the fourth quarter worth $121,000. New York State Teachers Retirement System purchased a new position in Xperi in the fourth quarter worth $516,000. Finally, Lapides Asset Management LLC grew its holdings in Xperi by 5.3% in the fourth quarter. Lapides Asset Management LLC now owns 402,530 shares of the semiconductor company’s stock worth $3,466,000 after purchasing an additional 20,204 shares during the last quarter. 43.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on XPER. Maxim Group cut their price target on shares of Xperi from $23.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, February 22nd. StockNews.com assumed coverage on shares of Xperi in a research note on Tuesday. They set a “strong-buy” rating for the company. Finally, Stephens reiterated an “equal weight” rating and set a $13.00 price objective on shares of Xperi in a research note on Wednesday, February 22nd.

Xperi Price Performance

NASDAQ XPER opened at $9.64 on Wednesday. The company has a fifty day moving average of $10.17 and a 200 day moving average of $10.24. Xperi Inc. has a 1 year low of $8.15 and a 1 year high of $26.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.21 and a current ratio of 2.21.

Xperi (NASDAQ:XPER – Get Rating) last issued its quarterly earnings data on Tuesday, February 21st. The semiconductor company reported ($0.29) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.82) by $0.53. The firm had revenue of $135.53 million during the quarter, compared to analyst estimates of $129.94 million. On average, research analysts anticipate that Xperi Inc. will post -0.16 earnings per share for the current fiscal year.

Xperi Profile

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Xperi Inc provides software and services in the United States. 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 solutions that supports various services and applications, such as TV programming, broadband OTT video content, digital music, and photos; managed IPTV service; video metadata and service, including schedules, listings, app content linking services, and advanced metadata, such as moods, tones, themes and topics; personalized content discovery, natural language voice, and insights; and TiVo DVR subscriptions.