Deprince Race & Zollo Inc. reduced its stake in Xperi Corp (NASDAQ:XPER) by 19.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,550,127 shares of the semiconductor company’s stock after selling 876,594 shares during the quarter. Xperi makes up approximately 2.3% of Deprince Race & Zollo Inc.’s investment portfolio, making the stock its largest position. Deprince Race & Zollo Inc. owned about 7.23% of Xperi worth $83,073,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of XPER. Meeder Asset Management Inc. raised its holdings in Xperi by 346.7% during the first quarter. Meeder Asset Management Inc. now owns 5,696 shares of the semiconductor company’s stock worth $133,000 after purchasing an additional 4,421 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Xperi by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 568,645 shares of the semiconductor company’s stock worth $10,456,000 after acquiring an additional 40,795 shares during the last quarter. Norges Bank acquired a new position in shares of Xperi in the fourth quarter worth $21,163,000. Millennium Management LLC raised its holdings in shares of Xperi by 121.4% in the fourth quarter. Millennium Management LLC now owns 376,332 shares of the semiconductor company’s stock worth $6,921,000 after acquiring an additional 206,347 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new position in shares of Xperi in the fourth quarter worth $261,000. Institutional investors own 95.75% of the company’s stock.
XPER stock traded down $0.50 during trading on Thursday, reaching $25.20. 5,720 shares of the stock traded hands, compared to its average volume of 501,653. Xperi Corp has a 52-week low of $12.08 and a 52-week high of $25.84. The company has a current ratio of 7.34, a quick ratio of 7.34 and a debt-to-equity ratio of 0.78. The company has a market cap of $1.20 billion, a PE ratio of 10.21 and a beta of 0.24.
Xperi (NASDAQ:XPER) last posted its quarterly earnings results on Wednesday, February 20th. The semiconductor company reported $1.00 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.06). Xperi had a negative net margin of 0.07% and a positive return on equity of 9.19%. The firm had revenue of $141.80 million for the quarter, compared to analysts’ expectations of $143.00 million. Equities analysts forecast that Xperi Corp will post 1.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Tuesday, March 12th. Xperi’s dividend payout ratio (DPR) is presently 32.26%.
XPER has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Xperi from a “strong-buy” rating to a “hold” rating and set a $24.00 price objective for the company. in a research report on Saturday, February 16th. BidaskClub raised Xperi from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 7th. ValuEngine raised Xperi from a “sell” rating to a “hold” rating in a research report on Wednesday, December 26th. Finally, Craig Hallum boosted their price target on Xperi from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, February 21st. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $26.40.
Xperi Company Profile
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.
Featured Story: How Do You Make Money With Penny Stocks?
Want to see what other hedge funds are holding XPER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xperi Corp (NASDAQ:XPER).
Receive News & Ratings for Xperi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xperi and related companies with MarketBeat.com's FREE daily email newsletter.