Acadian Asset Management LLC Has $262,000 Position in Xperi Inc. (NASDAQ:XPER)

Acadian Asset Management LLC trimmed its holdings in shares of Xperi Inc. (NASDAQ:XPER - Free Report) by 92.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,932 shares of the semiconductor company's stock after selling 419,251 shares during the quarter. Acadian Asset Management LLC owned about 0.07% of Xperi worth $262,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. increased its position in Xperi by 55.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 756,438 shares of the semiconductor company's stock worth $9,123,000 after buying an additional 269,604 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Xperi by 16.1% in the fourth quarter. Wellington Management Group LLP now owns 640,768 shares of the semiconductor company's stock valued at $7,061,000 after purchasing an additional 88,974 shares during the last quarter. Huber Capital Management LLC grew its position in shares of Xperi by 67.1% in the first quarter. Huber Capital Management LLC now owns 417,669 shares of the semiconductor company's stock valued at $5,037,000 after purchasing an additional 167,713 shares during the last quarter. Waterfront Wealth Inc. grew its position in shares of Xperi by 46.6% in the second quarter. Waterfront Wealth Inc. now owns 325,065 shares of the semiconductor company's stock valued at $2,669,000 after purchasing an additional 103,351 shares during the last quarter. Finally, TSP Capital Management Group LLC grew its position in shares of Xperi by 23.1% in the first quarter. TSP Capital Management Group LLC now owns 284,790 shares of the semiconductor company's stock valued at $3,435,000 after purchasing an additional 53,460 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Xperi Stock Performance

XPER stock traded down $0.12 during trading on Friday, reaching $8.97. 586,754 shares of the stock were exchanged, compared to its average volume of 522,242. Xperi Inc. has a twelve month low of $6.89 and a twelve month high of $12.29. The company has a market capitalization of $410.92 million, a P/E ratio of -3.32 and a beta of 1.57. The stock has a 50 day simple moving average of $8.16 and a 200-day simple moving average of $9.12. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.14.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. StockNews.com downgraded Xperi from a "buy" rating to a "hold" rating in a research report on Thursday, September 12th. Craig Hallum lowered their price target on Xperi from $15.00 to $12.00 and set a "buy" rating on the stock in a research report on Tuesday, August 6th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $15.00 price target on shares of Xperi in a research report on Tuesday, August 6th. Finally, BWS Financial reaffirmed a "top pick" rating and issued a $30.00 price target on shares of Xperi in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $19.00.

Insiders Place Their Bets

In other Xperi news, Director David C. Habiger purchased 5,750 shares of the business's stock in a transaction on Wednesday, August 21st. The stock was purchased at an average price of $8.68 per share, for a total transaction of $49,910.00. Following the completion of the purchase, the director now directly owns 68,205 shares in the company, valued at $592,019.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Jon Kirchner bought 5,000 shares of the business's stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $8.65 per share, for a total transaction of $43,250.00. Following the completion of the purchase, the chief executive officer now owns 523,692 shares of the company's stock, valued at approximately $4,529,935.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David C. Habiger bought 5,750 shares of the business's stock in a transaction dated Wednesday, August 21st. The stock was purchased at an average price of $8.68 per share, with a total value of $49,910.00. Following the purchase, the director now directly owns 68,205 shares of the company's stock, valued at approximately $592,019.40. The disclosure for this purchase can be found here. Insiders acquired a total of 13,600 shares of company stock worth $117,948 over the last quarter. Company insiders own 1.70% of the company's stock.

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.