Mackenzie Financial Corp Buys 2,002 Shares of Xperi Inc. (NASDAQ:XPER)

Mackenzie Financial Corp grew its stake in Xperi Inc. (NASDAQ:XPER) by 5.9% during the fourth quarter, Holdings Channel reports. The firm owned 35,706 shares of the semiconductor company’s stock after purchasing an additional 2,002 shares during the period. Mackenzie Financial Corp’s holdings in Xperi were worth $393,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. EMC Capital Management bought a new position in shares of Xperi in the third quarter valued at approximately $32,000. SVB Wealth LLC bought a new stake in Xperi during the third quarter worth $127,000. Versor Investments LP lifted its holdings in Xperi by 27.1% during the third quarter. Versor Investments LP now owns 17,246 shares of the semiconductor company’s stock worth $170,000 after acquiring an additional 3,672 shares during the period. Louisiana State Employees Retirement System bought a new stake in Xperi during the fourth quarter worth $239,000. Finally, Illinois Municipal Retirement Fund bought a new stake in Xperi during the third quarter worth $259,000. Institutional investors own 94.28% of the company’s stock.

Xperi Stock Performance

NASDAQ:XPER opened at $9.95 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.92 and a quick ratio of 1.92. The business has a fifty day simple moving average of $10.81 and a two-hundred day simple moving average of $10.40. Xperi Inc. has a 1 year low of $7.91 and a 1 year high of $13.62. The company has a market capitalization of $448.05 million, a P/E ratio of -3.12 and a beta of 1.76.

Xperi (NASDAQ:XPER) last released its earnings results 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. Xperi had a negative return on equity of 7.37% and a negative net margin of 26.20%. The business had revenue of $137.23 million during the quarter, compared to the consensus estimate of $138.90 million. On average, analysts expect that Xperi Inc. will post -1.19 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on XPER. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 price target on shares of Xperi in a report on Friday, March 1st. StockNews.com upgraded Xperi from a “hold” rating to a “buy” rating in a report on Sunday, April 14th.

About Xperi

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.