TIAA CREF Investment Management LLC raised its position in Xperi Corp (NASDAQ:XPER) by 19.5% during the third quarter, HoldingsChannel reports. The firm owned 131,652 shares of the semiconductor company’s stock after purchasing an additional 21,484 shares during the period. TIAA CREF Investment Management LLC’s holdings in Xperi were worth $1,955,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the business. Teachers Advisors LLC grew its position in Xperi by 4.6% in the 3rd quarter. Teachers Advisors LLC now owns 96,886 shares of the semiconductor company’s stock valued at $1,439,000 after acquiring an additional 4,282 shares in the last quarter. MetLife Investment Advisors LLC grew its position in Xperi by 52.0% in the 3rd quarter. MetLife Investment Advisors LLC now owns 37,144 shares of the semiconductor company’s stock valued at $552,000 after acquiring an additional 12,708 shares in the last quarter. Vident Investment Advisory LLC acquired a new position in Xperi in the 3rd quarter valued at about $265,000. Pacer Advisors Inc. grew its position in Xperi by 250.0% in the 3rd quarter. Pacer Advisors Inc. now owns 20,512 shares of the semiconductor company’s stock valued at $305,000 after acquiring an additional 14,652 shares in the last quarter. Finally, BlueMountain Capital Management LLC grew its position in Xperi by 77.4% in the 3rd quarter. BlueMountain Capital Management LLC now owns 26,843 shares of the semiconductor company’s stock valued at $399,000 after acquiring an additional 11,712 shares in the last quarter. Institutional investors own 97.37% of the company’s stock.
Several equities analysts have weighed in on XPER shares. Craig Hallum lifted their target price on Xperi from $20.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 11th. B. Riley set a $23.00 target price on Xperi and gave the company a “buy” rating in a research report on Monday, December 10th. Zacks Investment Research raised Xperi from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Saturday, November 17th. Finally, ValuEngine raised Xperi from a “sell” rating to a “hold” rating in a research report on Wednesday, December 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. Xperi has an average rating of “Buy” and a consensus price target of $26.50.
Shares of Xperi stock opened at $21.87 on Wednesday. Xperi Corp has a one year low of $12.08 and a one year high of $24.25. The stock has a market cap of $1.05 billion, a PE ratio of 15.96 and a beta of 0.25. The company has a debt-to-equity ratio of 0.89, a current ratio of 7.36 and a quick ratio of 7.36.
Xperi (NASDAQ:XPER) last announced its quarterly earnings data on Wednesday, November 7th. The semiconductor company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.15). Xperi had a positive return on equity of 7.79% and a negative net margin of 23.56%. The company had revenue of $100.59 million for the quarter, compared to analyst estimates of $98.50 million. On average, sell-side analysts predict that Xperi Corp will post 2.66 earnings per share for the current year.
Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, South Korea, Taiwan, Japan, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.
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