TSP Capital Management Group LLC Buys 256,630 Shares of Xperi Inc. $XPER

Key Points

• TSP Capital Management Group increased its Xperi stake by 29.2%, buying 256,630 shares to reach 1.14 million shares valued at approximately $6.26 million. Institutional investors and hedge funds collectively own 94.28% of Xperi.
• Analyst sentiment is mixed, with two Buy ratings, one Hold and one Sell; the consensus rating is Hold with an $11.00 price target, compared with Xperi’s $5.00 share price.
• Xperi exceeded quarterly expectations, reporting $0.28 in EPS versus a $0.21 estimate and revenue of $114.49 million versus $112.66 million expected. Despite the earnings beat, the company posted a negative 7.12% net margin.

TSP Capital Management Group LLC lifted its stake in shares of Xperi Inc. (NYSE:XPER - Free Report) by 29.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,135,706 shares of the company's stock after purchasing an additional 256,630 shares during the quarter. Xperi comprises 1.6% of TSP Capital Management Group LLC's investment portfolio, making the stock its 25th biggest holding. TSP Capital Management Group LLC owned about 2.33% of Xperi worth $6,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in Xperi by 16.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,542 shares of the company's stock worth $111,000 after buying an additional 1,948 shares during the period. State Street Corp grew its stake in Xperi by 5.1% in the second quarter. State Street Corp now owns 1,006,453 shares of the company's stock valued at $8,283,000 after acquiring an additional 48,608 shares during the period. The Manufacturers Life Insurance Company grew its stake in Xperi by 24.7% in the second quarter. The Manufacturers Life Insurance Company now owns 3,092,416 shares of the company's stock valued at $25,451,000 after acquiring an additional 613,428 shares during the period. WINTON GROUP Ltd bought a new stake in shares of Xperi during the second quarter valued at approximately $101,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Xperi during the second quarter valued at approximately $30,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on XPER. Rosenblatt Securities reissued a "buy" rating and issued a $10.00 price target on shares of Xperi in a research report on Thursday, August 6th. Weiss Ratings restated a "sell (d-)" rating on shares of Xperi in a report on Wednesday, August 26th. Wall Street Zen downgraded shares of Xperi from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 25th. Finally, BWS Financial reaffirmed a "buy" rating and issued a $12.00 price objective on shares of Xperi in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $11.00.

Xperi Price Performance

XPER stock opened at $5.00 on Friday. The company has a market capitalization of $244.09 million, a P/E ratio of -7.15 and a beta of 1.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.48 and a current ratio of 2.48. Xperi Inc. has a 52-week low of $4.94 and a 52-week high of $8.75. The business has a 50-day simple moving average of $5.81 and a two-hundred day simple moving average of $6.81.

Xperi (NYSE:XPER - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.07. The firm had revenue of $114.49 million during the quarter, compared to analyst estimates of $112.66 million. Xperi had a positive return on equity of 4.04% and a negative net margin of 7.12%. Research analysts expect that Xperi Inc. will post 0.53 EPS for the current fiscal year.

Xperi Profile

Xperi Inc develops and licenses technologies that improve how consumers discover, access and experience entertainment. The company serves the connected television, automotive, consumer electronics and media industries through a portfolio of products and services focused on entertainment software, audio, broadcast technology and content discovery.

Xperi's brands include TiVo, which provides connected television platforms, entertainment guides, discovery tools and advertising solutions; DTS, which develops audio and imaging technologies for home theaters, vehicles, televisions and other devices; and HD Radio, a digital radio technology used by broadcasters and automakers.

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