Allspring Global Investments Holdings LLC Has $50,000 Holdings in Xperi Inc. (NASDAQ:XPER)

Allspring Global Investments Holdings LLC cut its holdings in Xperi Inc. (NASDAQ:XPER) by 23.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,520 shares of the semiconductor company’s stock after selling 1,378 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Xperi were worth $50,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of XPER. Mariner LLC boosted its stake in shares of Xperi by 1.6% during the 3rd 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. Connor Clark & Lunn Investment Management Ltd. boosted its position in Xperi by 1.5% during the third 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 during the period. Swiss National Bank grew its holdings in Xperi by 3.0% during the third quarter. Swiss National Bank now owns 93,398 shares of the semiconductor company’s stock valued at $921,000 after purchasing an additional 2,700 shares during the last quarter. Deutsche Bank AG raised its position in shares of Xperi by 5.0% in the third quarter. Deutsche Bank AG now owns 62,499 shares of the semiconductor company’s stock valued at $616,000 after purchasing an additional 2,986 shares during the period. Finally, EMC Capital Management acquired a new stake in shares of Xperi in the third quarter worth $32,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Xperi Stock Up 7.9 %

Shares of XPER stock opened at $10.74 on Tuesday. Xperi Inc. has a 12 month low of $7.91 and a 12 month high of $13.62. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.13. The firm has a market cap of $483.62 million, a PE ratio of -3.37 and a beta of 1.76. The stock has a 50 day moving average of $10.80 and a 200-day moving average of $10.42.

Xperi (NASDAQ:XPER) last released its earnings results on Wednesday, February 28th. The semiconductor company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.16. Xperi had a negative net margin of 26.20% and a negative return on equity of 7.37%. The firm had revenue of $137.23 million during the quarter, compared to analysts’ expectations of $138.90 million. On average, equities analysts predict that Xperi Inc. will post -1.19 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of Xperi from a “hold” rating to a “buy” rating in a research note on Sunday, April 14th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $15.00 price target on shares of Xperi in a research report on Friday, March 1st.

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.