Skylands Capital LLC Grows Stock Holdings in Xperi Inc. (NASDAQ:XPER)

Skylands Capital LLC raised its stake in Xperi Inc. (NASDAQ:XPER) by 12.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 130,600 shares of the semiconductor company’s stock after buying an additional 14,150 shares during the quarter. Skylands Capital LLC’s holdings in Xperi were worth $1,439,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Assenagon Asset Management S.A. acquired a new position in Xperi during the fourth quarter worth $11,994,000. Wellington Management Group LLP increased its position in shares of Xperi by 22.9% in the third quarter. Wellington Management Group LLP now owns 551,794 shares of the semiconductor company’s stock valued at $5,441,000 after buying an additional 102,635 shares in the last quarter. Tejara Capital Ltd purchased a new position in shares of Xperi in the third quarter valued at $748,000. Maven Securities LTD acquired a new position in shares of Xperi during the 3rd quarter worth $1,972,000. Finally, Rubric Capital Management LP boosted its position in shares of Xperi by 5.2% in the 3rd quarter. Rubric Capital Management LP now owns 4,043,744 shares of the semiconductor company’s stock worth $39,871,000 after buying an additional 200,000 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Xperi Price Performance

NASDAQ XPER opened at $10.40 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.92 and a quick ratio of 1.92. Xperi Inc. has a fifty-two week low of $7.91 and a fifty-two week high of $13.62. The business has a fifty day moving average of $10.80 and a 200-day moving average of $10.42.

Xperi (NASDAQ:XPER) last announced its earnings results on Wednesday, February 28th. The semiconductor company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.16. The firm had revenue of $137.23 million during the quarter, compared to the consensus estimate of $138.90 million. Xperi had a negative net margin of 26.20% and a negative return on equity of 7.37%. Equities research analysts predict that Xperi Inc. will post -1.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

XPER has been the subject of several recent research reports. StockNews.com upgraded shares of Xperi from a “hold” rating to a “buy” rating in a report on Sunday, April 14th. Rosenblatt Securities reissued a “buy” rating and set a $15.00 price objective on shares of Xperi in a research note on Friday, March 1st.

About Xperi

Xperi Inc operates as a consumer and entertainment technology company worldwide. It offers Pay-TV solutions, including UX solutions that allows service providers to customize elements of the interactive program guide for their customers and to upgrade the programming features and services; IPTV, a cloud-based solution that supports various services and applications, such as TV programming, broadband OTT video content, digital music, photos, and other media experiences; managed IPTV service; video metadata and services; managed IPTV Service, a customizable, cloud-enabled, and end-to-end streaming video solution that enables operators to quickly launch a branded, fully compliant, full-featured Pay-TV service; metadata libraries comprising television, sports, movies, digital-first, celebrities, books, and video games; personalized content discovery, natural language voice, and insights; and TiVo DVR subscriptions, as well as technical support service.