Robert J. Andersen Buys 1,700 Shares of Xperi Inc. (NASDAQ:XPER) Stock

Xperi Inc. (NASDAQ:XPER - Get Free Report) CFO Robert J. Andersen purchased 1,700 shares of the stock in a transaction on Friday, August 30th. The stock was bought at an average cost of $8.75 per share, for a total transaction of $14,875.00. Following the completion of the acquisition, the chief financial officer now owns 254,098 shares in the company, valued at $2,223,357.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Xperi Price Performance

NASDAQ:XPER traded down $0.17 during trading hours on Tuesday, hitting $8.65. The company's stock had a trading volume of 365,167 shares, compared to its average volume of 525,476. Xperi Inc. has a twelve month low of $6.89 and a twelve month high of $12.29. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.01 and a quick ratio of 2.01. The stock has a fifty day simple moving average of $8.01 and a 200-day simple moving average of $9.31. The company has a market capitalization of $396.26 million, a P/E ratio of -3.18 and a beta of 1.57.

Xperi (NASDAQ:XPER - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The semiconductor company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.13. The company had revenue of $119.59 million for the quarter, compared to analyst estimates of $118.95 million. Xperi had a negative net margin of 21.67% and a negative return on equity of 10.15%. On average, analysts anticipate that Xperi Inc. will post -0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on XPER. StockNews.com downgraded Xperi from a "buy" rating to a "hold" rating in a research report on Friday, August 23rd. BWS Financial reiterated a "top pick" rating and set a $30.00 price objective on shares of Xperi in a research note on Thursday, August 22nd. Rosenblatt Securities restated a "buy" rating and issued a $15.00 target price on shares of Xperi in a research report on Tuesday, August 6th. Finally, Craig Hallum cut their price target on shares of Xperi from $15.00 to $12.00 and set a "buy" rating for the company in a report on Tuesday, August 6th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $19.00.

Read Our Latest Analysis on Xperi

Hedge Funds Weigh In On Xperi

Several large investors have recently modified their holdings of XPER. ProShare Advisors LLC bought a new stake in shares of Xperi in the 2nd quarter valued at $48,000. Harbor Capital Advisors Inc. increased its holdings in Xperi by 66.9% in the second quarter. Harbor Capital Advisors Inc. now owns 8,523 shares of the semiconductor company's stock worth $70,000 after purchasing an additional 3,416 shares in the last quarter. Gladius Capital Management LP lifted its stake in Xperi by 16.1% in the fourth quarter. Gladius Capital Management LP now owns 9,113 shares of the semiconductor company's stock valued at $100,000 after buying an additional 1,267 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Xperi by 46.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,235 shares of the semiconductor company's stock valued at $113,000 after acquiring an additional 3,262 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in Xperi in the second quarter worth $141,000. Institutional investors own 94.28% of the company's stock.

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.

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