SG Americas Securities LLC Sells 24,659 Shares of Xperi Inc. (NASDAQ:XPER)

SG Americas Securities LLC trimmed its position in shares of Xperi Inc. (NASDAQ:XPER) by 72.5% during the fourth quarter, HoldingsChannel reports. The firm owned 9,353 shares of the semiconductor company’s stock after selling 24,659 shares during the quarter. SG Americas Securities LLC’s holdings in Xperi were worth $103,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in XPER. Mariner LLC lifted its holdings in Xperi by 1.6% during the third quarter. Mariner LLC now owns 81,411 shares of the semiconductor company’s stock worth $803,000 after acquiring an additional 1,252 shares in the last quarter. Captrust Financial Advisors grew its position in shares of Xperi by 42.3% in the 2nd quarter. Captrust Financial Advisors now owns 4,454 shares of the semiconductor company’s stock valued at $64,000 after purchasing an additional 1,323 shares during the period. FMR LLC grew its position in shares of Xperi by 150.0% in the 1st quarter. FMR LLC now owns 2,270 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 1,362 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Xperi by 1.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 107,796 shares of the semiconductor company’s stock worth $1,063,000 after purchasing an additional 1,572 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Xperi by 1.3% during the third quarter. Rhumbline Advisers now owns 138,607 shares of the semiconductor company’s stock worth $1,367,000 after acquiring an additional 1,805 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Xperi Stock Up 0.9 %

XPER opened at $9.62 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $10.93 and its 200 day simple moving average is $10.37. Xperi Inc. has a 1-year low of $7.91 and a 1-year high of $13.62. The stock has a market cap of $433.19 million, a PE ratio of -3.02 and a beta of 1.76.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on XPER shares. StockNews.com upgraded Xperi from a “hold” rating to a “buy” rating in a research note on Sunday, April 14th. TheStreet raised shares of Xperi from a “d+” rating to a “c-” rating in a research report on Tuesday, December 26th. Finally, Rosenblatt Securities restated a “buy” rating and set a $15.00 target price on shares of Xperi in a report on Friday, March 1st.

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.