Nationwide Fund Advisors cut its stake in Xperi Co. (NASDAQ:XPER) by 9.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 117,658 shares of the semiconductor company’s stock after selling 12,247 shares during the quarter. Nationwide Fund Advisors owned 0.24% of Xperi worth $2,977,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Kirr Marbach & Co. LLC IN raised its position in shares of Xperi by 0.8% during the third quarter. Kirr Marbach & Co. LLC IN now owns 411,131 shares of the semiconductor company’s stock valued at $10,402,000 after buying an additional 3,170 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in Xperi during the second quarter valued at $319,000. State Street Corp increased its position in Xperi by 2.6% during the second quarter. State Street Corp now owns 1,251,469 shares of the semiconductor company’s stock valued at $37,298,000 after acquiring an additional 31,672 shares during the last quarter. Flinton Capital Management LLC increased its position in Xperi by 65.1% during the second quarter. Flinton Capital Management LLC now owns 4,828 shares of the semiconductor company’s stock valued at $144,000 after acquiring an additional 1,904 shares during the last quarter. Finally, Ramsey Quantitative Systems bought a new position in Xperi during the second quarter valued at $276,000. Hedge funds and other institutional investors own 99.63% of the company’s stock.
Xperi Co. (NASDAQ:XPER) remained flat at $$22.90 during trading hours on Thursday. The stock had a trading volume of 316,632 shares, compared to its average volume of 607,479. The company has a market capitalization of $1,130.00, a PE ratio of -15.79 and a beta of 0.73. Xperi Co. has a fifty-two week low of $16.70 and a fifty-two week high of $45.90. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.32.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Wednesday, November 22nd were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $0.80 annualized dividend and a yield of 3.49%. Xperi’s dividend payout ratio (DPR) is presently -55.17%.
A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Xperi from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 28th. BidaskClub raised shares of Xperi from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, Bank of America lowered shares of Xperi from a “buy” rating to a “neutral” rating in a research note on Friday, November 3rd.
In other Xperi news, CEO Jon Kirchner bought 5,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were purchased at an average price of $18.75 per share, for a total transaction of $93,750.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Robert J. Andersen bought 2,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were acquired at an average price of $17.75 per share, for a total transaction of $35,500.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 21,388 shares of company stock worth $400,127. 2.40% of the stock is owned by corporate insiders.
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