New York State Teachers Retirement System grew its holdings in shares of Xperi Corp (NASDAQ:XPER) by 16.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 50,666 shares of the semiconductor company’s stock after buying an additional 7,000 shares during the period. New York State Teachers Retirement System’s holdings in Xperi were worth $1,043,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XPER. Norges Bank acquired a new position in Xperi during the 4th quarter worth approximately $21,163,000. ClariVest Asset Management LLC acquired a new stake in shares of Xperi in the 1st quarter worth approximately $12,143,000. Millennium Management LLC grew its holdings in shares of Xperi by 121.4% in the 4th 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 period. Acadian Asset Management LLC acquired a new stake in shares of Xperi in the 1st quarter worth approximately $3,121,000. Finally, 361 Capital LLC acquired a new stake in shares of Xperi in the 1st quarter worth approximately $3,050,000. Institutional investors own 97.69% of the company’s stock.
In related news, insider Paul E. Davis sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $22.00, for a total value of $132,000.00. Following the sale, the insider now owns 103,904 shares of the company’s stock, valued at approximately $2,285,888. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.80% of the stock is currently owned by corporate insiders.
Xperi (NASDAQ:XPER) last posted its earnings results on Wednesday, May 8th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. Xperi had a return on equity of 20.08% and a net margin of 1.92%. The firm had revenue of $104.30 million for the quarter, compared to analyst estimates of $104.00 million. As a group, equities analysts anticipate that Xperi Corp will post 1.97 EPS for the current year.
XPER has been the topic of a number of research reports. Royal Bank of Canada restated an “outperform” rating and issued a $30.00 price target on shares of Xperi in a report on Monday, May 13th. B. Riley set a $30.00 price target on Xperi and gave the stock a “buy” rating in a report on Tuesday, July 2nd. ValuEngine cut Xperi from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. BidaskClub upgraded Xperi from a “strong sell” rating to a “sell” rating in a report on Friday, June 28th. Finally, Zacks Investment Research cut Xperi from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 14th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Xperi presently has an average rating of “Hold” and an average price target of $31.00.
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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