State Board of Administration of Florida Retirement System Lowers Stock Holdings in Xperi Inc. (NASDAQ:XPER)

State Board of Administration of Florida Retirement System cut its holdings in Xperi Inc. (NASDAQ:XPER – Get Rating) by 60.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,081 shares of the semiconductor company’s stock after selling 25,625 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Xperi were worth $147,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Captrust Financial Advisors raised its holdings in Xperi by 222.1% during the first quarter. Captrust Financial Advisors now owns 3,131 shares of the semiconductor company’s stock worth $54,000 after purchasing an additional 2,159 shares during the last quarter. Strs Ohio acquired a new position in shares of Xperi in the fourth quarter worth $75,000. Point72 Hong Kong Ltd acquired a new position in shares of Xperi in the second quarter worth $84,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Xperi in the fourth quarter worth $86,000. Finally, Oregon Public Employees Retirement Fund acquired a new position in shares of Xperi in the fourth quarter worth $119,000. 43.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on XPER shares. Stephens reissued an “equal weight” rating and issued a $13.00 price target on shares of Xperi in a report on Wednesday, February 22nd. Maxim Group lowered their price objective on Xperi from $23.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, February 22nd. Finally, StockNews.com began coverage on Xperi in a research report on Wednesday. They issued a “strong-buy” rating for the company.

Xperi Trading Down 2.8 %

Shares of NASDAQ XPER opened at $10.30 on Wednesday. Xperi Inc. has a 1-year low of $8.15 and a 1-year high of $26.00. The business has a 50-day moving average of $10.12 and a 200-day moving average of $10.17. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.12.

Xperi (NASDAQ:XPER – Get Rating) last released its quarterly earnings results on Tuesday, February 21st. The semiconductor company reported ($0.29) EPS for the quarter, topping the consensus estimate of ($0.82) by $0.53. The business had revenue of $135.53 million during the quarter, compared to analyst estimates of $129.94 million. As a group, equities analysts anticipate that Xperi Inc. will post -0.15 EPS for the current year.

Xperi Company 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.