Chartwell Investment Partners LLC trimmed its position in Xperi Corp (NASDAQ:XPER) by 98.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,395 shares of the semiconductor company’s stock after selling 1,502,032 shares during the quarter. Chartwell Investment Partners LLC owned approximately 0.06% of Xperi worth $735,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. TIAA CREF Investment Management LLC raised its position in shares of Xperi by 19.5% in the third quarter. TIAA CREF Investment Management LLC now owns 131,652 shares of the semiconductor company’s stock valued at $1,955,000 after purchasing an additional 21,484 shares during the period. Fox Run Management L.L.C. bought a new stake in Xperi during the 4th quarter worth about $231,000. Arizona State Retirement System increased its stake in shares of Xperi by 4.7% in the 4th quarter. Arizona State Retirement System now owns 74,563 shares of the semiconductor company’s stock valued at $1,371,000 after acquiring an additional 3,341 shares during the last quarter. Chicago Equity Partners LLC bought a new stake in shares of Xperi in the 4th quarter valued at about $290,000. Finally, Inlet Private Wealth LLC bought a new stake in shares of Xperi in the 4th quarter valued at about $3,409,000. Institutional investors own 95.16% of the company’s stock.
A number of brokerages have recently commented on XPER. National Securities reaffirmed a “buy” rating and issued a $36.00 price target on shares of Xperi in a research note on Thursday. BidaskClub lowered Xperi from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 24th. Craig Hallum boosted their price objective 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. Finally, Zacks Investment Research upgraded Xperi from a “strong sell” rating to a “hold” rating in a research report on Saturday, April 27th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Xperi presently has an average rating of “Buy” and a consensus target price of $27.40.
Xperi (NASDAQ:XPER) last released its quarterly earnings data on Wednesday, February 20th. The semiconductor company reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.06). The business had revenue of $141.80 million during the quarter, compared to analyst estimates of $143.00 million. Xperi had a negative net margin of 0.07% and a positive return on equity of 9.19%. On average, analysts anticipate that Xperi Corp will post 1.78 EPS for the current fiscal year.
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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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