Xperi Inc. (NASDAQ:XPER) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Xperi Inc. (NASDAQ:XPER) by 46.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,235 shares of the semiconductor company’s stock after purchasing an additional 3,262 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Xperi were worth $113,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. SG Americas Securities LLC increased its holdings in shares of Xperi by 162.1% in the 3rd quarter. SG Americas Securities LLC now owns 34,012 shares of the semiconductor company’s stock valued at $335,000 after acquiring an additional 21,034 shares during the last quarter. Raymond James & Associates raised its holdings in Xperi by 10.6% during the third quarter. Raymond James & Associates now owns 41,553 shares of the semiconductor company’s stock worth $410,000 after purchasing an additional 3,991 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Xperi by 1.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 370,912 shares of the semiconductor company’s stock worth $3,657,000 after buying an additional 6,608 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Xperi by 17.6% in the 3rd quarter. Mackenzie Financial Corp now owns 33,704 shares of the semiconductor company’s stock valued at $322,000 after buying an additional 5,034 shares in the last quarter. Finally, Versor Investments LP grew its position in shares of Xperi by 27.1% in the 3rd quarter. Versor Investments LP now owns 17,246 shares of the semiconductor company’s stock valued at $170,000 after buying an additional 3,672 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on XPER. StockNews.com raised shares of Xperi from a “hold” rating to a “buy” rating in a research report on Sunday, April 14th. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 target price on shares of Xperi in a research report on Friday, March 1st. Finally, BWS Financial reiterated a “top pick” rating and issued a $30.00 price objective on shares of Xperi in a research note on Thursday.

Xperi Price Performance

Shares of NASDAQ XPER opened at $10.14 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 has a market cap of $456.60 million, a price-to-earnings ratio of -3.18 and a beta of 1.80. The company’s 50-day moving average price is $10.73 and its 200 day moving average price is $10.51. Xperi Inc. has a 52 week low of $7.91 and a 52 week high of $13.62.

Xperi (NASDAQ:XPER) last issued its quarterly earnings data on Wednesday, February 28th. The semiconductor company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $137.23 million during the quarter, compared to analysts’ expectations of $138.90 million. As a group, research analysts forecast that Xperi Inc. will post -1.19 earnings per share for the current fiscal year.

Xperi 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.