Xperi Sees Unusually High Options Volume (XPER)

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Xperi Corp (NASDAQ:XPER) was the target of unusually large options trading on Thursday. Stock investors acquired 3,120 call options on the stock. This represents an increase of 4,932% compared to the typical volume of 62 call options.

Several brokerages have weighed in on XPER. Zacks Investment Research cut Xperi from a “hold” rating to a “strong sell” rating in a report on Saturday, March 2nd. Craig Hallum upped their target price on Xperi from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, February 21st. They noted that the move was a valuation call. BidaskClub upgraded Xperi from a “strong sell” rating to a “sell” rating in a report on Thursday, February 7th. ValuEngine upgraded Xperi from a “sell” rating to a “hold” rating in a research note on Tuesday, December 11th. Finally, B. Riley set a $23.00 price objective on Xperi and gave the stock a “buy” rating in a research note on Monday, December 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $26.40.

Several hedge funds and other institutional investors have recently modified their holdings of XPER. Norges Bank purchased a new stake in shares of Xperi during the 4th quarter worth $21,163,000. JPMorgan Chase & Co. increased its position in Xperi by 62.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,966,451 shares of the semiconductor company’s stock valued at $29,203,000 after buying an additional 752,622 shares in the last quarter. BlackRock Inc. increased its position in Xperi by 9.0% during the 4th quarter. BlackRock Inc. now owns 7,111,787 shares of the semiconductor company’s stock valued at $130,785,000 after buying an additional 590,058 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Xperi by 11.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,269,090 shares of the semiconductor company’s stock valued at $33,694,000 after buying an additional 236,563 shares in the last quarter. Finally, Millennium Management LLC increased its position in Xperi by 121.4% during the 4th quarter. Millennium Management LLC now owns 376,332 shares of the semiconductor company’s stock valued at $6,921,000 after buying an additional 206,347 shares in the last quarter. Hedge funds and other institutional investors own 98.92% of the company’s stock.

Shares of NASDAQ XPER opened at $24.31 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 7.34 and a quick ratio of 7.34. The firm has a market cap of $1.16 billion, a P/E ratio of 9.80 and a beta of 0.24. Xperi has a 1-year low of $12.08 and a 1-year high of $24.81.

Xperi (NASDAQ:XPER) last issued its quarterly earnings data on Wednesday, February 20th. The semiconductor company reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.06). The company had revenue of $141.80 million for the quarter, compared to analysts’ expectations of $143.00 million. Xperi had a positive return on equity of 9.19% and a negative net margin of 0.07%. As a group, equities analysts forecast that Xperi will post 1.78 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Tuesday, March 12th. Xperi’s dividend payout ratio (DPR) is currently 32.26%.

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About Xperi

Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, South Korea, Taiwan, Japan, Europe, the Middle East, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.

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