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Xperi Corp (NASDAQ:XPER) Short Interest Up 19.7% in August

Wednesday, September 16, 2020 | MarketBeat

Xperi Corp (NASDAQ:XPER) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 4,430,000 shares, an increase of 19.7% from the August 15th total of 3,700,000 shares. Based on an average trading volume of 1,080,000 shares, the short-interest ratio is presently 4.1 days.

Shares of NASDAQ XPER opened at $11.69 on Wednesday. The stock's 50 day moving average price is $14.33 and its two-hundred day moving average price is $14.29. Xperi has a 52-week low of $9.01 and a 52-week high of $21.71. The stock has a market capitalization of $1.27 billion, a P/E ratio of -20.15 and a beta of 0.33. The company has a quick ratio of 7.25, a current ratio of 2.54 and a debt-to-equity ratio of 0.72.

Xperi (NASDAQ:XPER) last posted its earnings results on Monday, August 10th. The semiconductor company reported $0.57 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.45 by $0.12. The company had revenue of $93.40 million during the quarter, compared to analyst estimates of $119.20 million. Xperi had a positive return on equity of 18.37% and a negative net margin of 8.65%. On average, analysts anticipate that Xperi will post -0.5 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 21st. Stockholders of record on Monday, August 31st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, August 28th. Xperi's dividend payout ratio (DPR) is presently 7.81%.

Several research firms recently commented on XPER. Craig Hallum reiterated a "buy" rating and issued a $20.00 price target on shares of Xperi in a research note on Sunday, July 5th. ValuEngine upgraded Xperi from a "strong sell" rating to a "sell" rating in a research note on Tuesday, September 1st. B. Riley reiterated a "buy" rating and issued a $35.00 price target on shares of Xperi in a research note on Tuesday, July 28th. Zacks Investment Research cut Xperi from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. Finally, Sidoti started coverage on Xperi in a research note on Monday, July 13th. They issued a "buy" rating on the stock. Three research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company's stock. The company presently has a consensus rating of "Hold" and a consensus target price of $25.75.

In related news, Director Daniel M. Moloney acquired 4,000 shares of Xperi stock in a transaction on Thursday, September 3rd. The shares were bought at an average price of $12.13 per share, for a total transaction of $48,520.00. Following the completion of the purchase, the director now directly owns 37,708 shares in the company, valued at approximately $457,398.04. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Samir Armaly acquired 2,132 shares of Xperi stock in a transaction on Tuesday, September 8th. The shares were bought at an average price of $11.73 per share, for a total transaction of $25,008.36. Following the purchase, the insider now owns 171,814 shares of the company's stock, valued at $2,015,378.22. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 27,594 shares of company stock valued at $355,367. 1.80% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Glenmede Trust Co. NA raised its stake in shares of Xperi by 124.5% during the second quarter. Glenmede Trust Co. NA now owns 1,834 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 1,017 shares in the last quarter. Macquarie Group Ltd. bought a new stake in shares of Xperi during the second quarter valued at about $37,000. PNC Financial Services Group Inc. raised its stake in shares of Xperi by 42.3% during the first quarter. PNC Financial Services Group Inc. now owns 3,360 shares of the semiconductor company's stock valued at $45,000 after purchasing an additional 999 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Xperi by 100.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,794 shares of the semiconductor company's stock valued at $81,000 after purchasing an additional 2,910 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Xperi by 67.7% during the second quarter. Nisa Investment Advisors LLC now owns 6,743 shares of the semiconductor company's stock valued at $100,000 after purchasing an additional 2,723 shares in the last quarter. Hedge funds and other institutional investors own 86.16% of the company's stock.

About Xperi

Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, South Korea, Taiwan, Japan, Europe, the Middle East, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.

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