Xperi Inc. $XPER Shares Acquired by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company increased its Xperi stake by 24.7% in the second quarter, adding 613,428 shares to own 3.09 million shares, or 6.34% of the company. Institutional investors collectively hold 94.28% of Xperi.
• Analyst sentiment is mixed: two analysts rate Xperi “Buy,” one rates it “Hold,” and one rates it “Sell.” The consensus rating is “Hold,” with an average price target of $11.
• Xperi reported quarterly EPS of $0.28, beating the $0.21 consensus estimate, while revenue of $114.49 million also exceeded expectations. Shares opened at $5.87, within a 52-week range of $5.07 to $8.75.

The Manufacturers Life Insurance Company lifted its holdings in Xperi Inc. (NYSE:XPER - Free Report) by 24.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,092,416 shares of the company's stock after buying an additional 613,428 shares during the quarter. The Manufacturers Life Insurance Company owned 6.34% of Xperi worth $25,451,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mariner LLC lifted its holdings in Xperi by 2.8% in the third quarter. Mariner LLC now owns 79,360 shares of the company's stock valued at $514,000 after acquiring an additional 2,195 shares during the period. Invesco Ltd. boosted its position in shares of Xperi by 3.4% during the 4th quarter. Invesco Ltd. now owns 72,959 shares of the company's stock worth $428,000 after purchasing an additional 2,397 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Xperi by 112.1% during the 2nd quarter. California State Teachers Retirement System now owns 5,210 shares of the company's stock worth $43,000 after purchasing an additional 2,754 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Xperi during the 2nd quarter worth $30,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Xperi by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 393,636 shares of the company's stock valued at $2,307,000 after purchasing an additional 4,156 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Analyst Ratings Changes

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

Xperi Trading Up 2.9%

Shares of XPER stock opened at $5.87 on Friday. The stock has a market cap of $286.47 million, a P/E ratio of -8.39 and a beta of 1.39. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 0.10. Xperi Inc. has a fifty-two week low of $5.07 and a fifty-two week high of $8.75. The business has a fifty day simple moving average of $6.90 and a 200-day simple moving average of $6.87.

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

Xperi Profile

Xperi Inc NYSE: XPER is a global technology company that develops and licenses audio, imaging and semiconductor packaging solutions. The company was formed in 2016 through the spin-off of Tessera Technologies' product divisions and expanded its product portfolio in 2019 with the acquisition of TiVo Corporation. Headquartered in San Jose, California, Xperi's technologies underpin a range of consumer electronics, automotive, mobile and broadcast products around the world.

In its technology licensing segment, Xperi offers a broad portfolio of semiconductor packaging and interconnect solutions designed to improve performance and energy efficiency in chips and devices.

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