Crossmark Global Holdings Inc. lowered its stake in Xperi Co. (NASDAQ:XPER) by 32.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,770 shares of the semiconductor company’s stock after selling 4,755 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Xperi were worth $238,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Stoneridge Investment Partners LLC bought a new position in Xperi in the fourth quarter worth approximately $622,000. Aperio Group LLC raised 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 acquiring an additional 3,917 shares during the period. Comerica Bank raised its position in Xperi by 17.0% in the fourth quarter. Comerica Bank now owns 286,097 shares of the semiconductor company’s stock worth $7,009,000 after acquiring an additional 41,532 shares during the period. Mutual of America Capital Management LLC raised its position in Xperi by 51.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 320,481 shares of the semiconductor company’s stock worth $7,820,000 after acquiring an additional 108,622 shares during the period. Finally, Deprince Race & Zollo Inc. raised its position in Xperi by 31.3% in the fourth quarter. Deprince Race & Zollo Inc. now owns 3,513,028 shares of the semiconductor company’s stock worth $85,718,000 after acquiring an additional 838,420 shares during the period.
Several research firms have weighed in on XPER. BidaskClub upgraded shares of Xperi from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. ValuEngine downgraded shares of Xperi from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Bank of America downgraded shares of Xperi from a “buy” rating to a “neutral” rating in a research report on Friday, November 3rd. Finally, Benchmark reiterated a “buy” rating and issued a $40.00 price target (down from $53.00) on shares of Xperi in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $40.00.
Xperi Co. (NASDAQ XPER) opened at $21.95 on Tuesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.54 and a quick ratio of 3.15. Xperi Co. has a 52-week low of $16.70 and a 52-week high of $38.60. The firm has a market cap of $1,030.00, a P/E ratio of -15.14 and a beta of 0.58.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 1st will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.80 annualized dividend and a yield of 3.64%. Xperi’s payout ratio is presently -55.17%.
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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