Nationwide Fund Advisors Sells 12,247 Shares of Xperi Co. (NASDAQ:XPER)

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.

Xperi (NASDAQ:XPER) last posted its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.06). Xperi had a negative net margin of 22.54% and a positive return on equity of 8.10%. The company had revenue of $88.50 million for the quarter, compared to analyst estimates of $94.20 million. The business’s quarterly revenue was up 41.8% compared to the same quarter last year.

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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About Xperi

Tessera Holding Corporation is a product and technology licensing company. The Company’s technologies and intellectual property are deployed, in areas, such as audio, computational imaging, computer vision, mobile computing and communications, memory, data storage, three dimensional (3D) semiconductor interconnect and packaging.

Institutional Ownership by Quarter for Xperi (NASDAQ:XPER)

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