Two Sigma Investments LP boosted its holdings in Xperi Co. (NASDAQ:XPER) by 440.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 273,975 shares of the semiconductor company’s stock after purchasing an additional 223,292 shares during the period. Two Sigma Investments LP owned about 0.56% of Xperi worth $6,685,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. MYDA Advisors LLC purchased a new position in Xperi in the fourth quarter worth $293,000. Aperio Group LLC boosted its position in Xperi by 45.4% in the fourth quarter. Aperio Group LLC now owns 12,548 shares of the semiconductor company’s stock worth $306,000 after purchasing an additional 3,917 shares during the last quarter. Ellington Management Group LLC purchased a new position in Xperi in the fourth quarter worth $312,000. Crossmark Global Holdings Inc. purchased a new position in Xperi in the third quarter worth $367,000. Finally, HAP Trading LLC purchased a new position in Xperi in the fourth quarter worth $410,000.
In other news, insider Geir Skaaden purchased 3,000 shares of the company’s stock in a transaction dated Tuesday, November 6th. The shares were purchased at an average price of $18.56 per share, with a total value of $55,680.00. Following the transaction, the insider now directly owns 45,248 shares of the company’s stock, valued at $839,802.88. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 2.40% of the stock is owned by corporate insiders.
Xperi (NASDAQ:XPER) last issued its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.77 EPS for the quarter. Xperi had a positive return on equity of 13.52% and a negative net margin of 15.13%. The firm had revenue of $126.65 million for the quarter.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.42%. Xperi’s dividend payout ratio is presently -70.18%.
XPER has been the topic of several research analyst reports. BidaskClub raised Xperi from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. Benchmark reissued a “buy” rating and issued a $40.00 price objective (down previously from $53.00) on shares of Xperi in a research report on Wednesday, February 14th. ValuEngine cut Xperi from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada assumed coverage on Xperi in a research report on Monday, March 5th. They set an “outperform” rating and a $27.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $33.50.
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.
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