Waterfront Wealth Inc. Raises Position in Xperi Inc. (NASDAQ:XPER)

Waterfront Wealth Inc. boosted its position in Xperi Inc. (NASDAQ:XPER - Free Report) by 46.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 325,065 shares of the semiconductor company's stock after purchasing an additional 103,351 shares during the period. Waterfront Wealth Inc. owned about 0.72% of Xperi worth $2,669,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gladius Capital Management LP lifted its position in Xperi by 16.1% during the fourth quarter. Gladius Capital Management LP now owns 9,113 shares of the semiconductor company's stock valued at $100,000 after purchasing an additional 1,267 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Xperi by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 62,848 shares of the semiconductor company's stock valued at $758,000 after acquiring an additional 2,030 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Xperi by 46.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,235 shares of the semiconductor company's stock worth $113,000 after acquiring an additional 3,262 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in Xperi by 66.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 8,523 shares of the semiconductor company's stock worth $70,000 after acquiring an additional 3,416 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its holdings in Xperi by 40.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 17,080 shares of the semiconductor company's stock valued at $206,000 after purchasing an additional 4,910 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Insider Activity at Xperi

In related news, Director David C. Habiger acquired 5,750 shares of Xperi stock in a transaction on Wednesday, August 21st. The shares were bought at an average cost of $8.68 per share, with a total value of $49,910.00. Following the completion of the purchase, the director now directly owns 68,205 shares of the company's stock, valued at approximately $592,019.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is owned by insiders.

Xperi Price Performance

NASDAQ XPER traded down $0.15 during trading on Friday, hitting $8.82. 1,566,443 shares of the stock traded hands, compared to its average volume of 581,244. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.14. Xperi Inc. has a 12-month low of $6.89 and a 12-month high of $12.29. The firm has a 50-day simple moving average of $7.98 and a 200-day simple moving average of $9.35. The company has a market capitalization of $404.04 million, a P/E ratio of -3.24 and a beta of 1.56.

Xperi (NASDAQ:XPER - Get Free Report) last posted its earnings results on Monday, August 5th. The semiconductor company reported ($0.21) earnings per share for the quarter, beating analysts' consensus estimates of ($0.34) by $0.13. Xperi had a negative net margin of 21.67% and a negative return on equity of 10.15%. The firm had revenue of $119.59 million during the quarter, compared to analyst estimates of $118.95 million. As a group, analysts predict that Xperi Inc. will post -0.83 EPS for the current year.

Wall Street Analyst Weigh In

XPER has been the subject of a number of analyst reports. Rosenblatt Securities reissued a "buy" rating and issued a $15.00 price objective on shares of Xperi in a research note on Tuesday, August 6th. BWS Financial reissued a "top pick" rating and set a $30.00 price target on shares of Xperi in a report on Thursday, August 22nd. StockNews.com lowered Xperi from a "buy" rating to a "hold" rating in a research note on Friday, August 23rd. Finally, Craig Hallum lowered their price target on Xperi from $15.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, August 6th. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $19.00.

Xperi Profile

Xperi Inc operates as a consumer and entertainment technology company worldwide. It offers Pay-TV solutions, including UX solutions that allows service providers to customize elements of the interactive program guide for their customers and to upgrade the programming features and services; IPTV, a cloud-based solution that supports various services and applications, such as TV programming, broadband OTT video content, digital music, photos, and other media experiences; managed IPTV service; video metadata and services; managed IPTV Service, a customizable, cloud-enabled, and end-to-end streaming video solution that enables operators to quickly launch a branded, fully compliant, full-featured Pay-TV service; metadata libraries comprising television, sports, movies, digital-first, celebrities, books, and video games; personalized content discovery, natural language voice, and insights; and TiVo DVR subscriptions, as well as technical support service.