Royce & Associates LP trimmed its holdings in Xperi Corp (NASDAQ:XPER) by 47.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,779 shares of the semiconductor company’s stock after selling 55,763 shares during the period. Royce & Associates LP owned about 0.13% of Xperi worth $1,136,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Penserra Capital Management LLC purchased a new position in shares of Xperi in the fourth quarter valued at about $30,000. Quantamental Technologies LLC purchased a new position in shares of Xperi in the fourth quarter valued at about $66,000. Nisa Investment Advisors LLC increased its holdings in shares of Xperi by 24.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,050 shares of the semiconductor company’s stock worth $74,000 after purchasing an additional 800 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Xperi by 124.7% in the fourth quarter. Bank of Montreal Can now owns 4,646 shares of the semiconductor company’s stock worth $86,000 after purchasing an additional 2,578 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new stake in shares of Xperi in the third quarter worth about $174,000. Institutional investors and hedge funds own 99.41% of the company’s stock.

Shares of NASDAQ XPER opened at $24.16 on Friday. The company has a current ratio of 7.34, a quick ratio of 7.34 and a debt-to-equity ratio of 0.78. Xperi Corp has a 1-year low of $12.08 and a 1-year high of $24.49. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 9.74 and a beta of 0.24.

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 the Thomson Reuters’ consensus estimate of $1.06 by ($0.06). Xperi had a positive return on equity of 9.19% and a negative net margin of 0.07%. The company had revenue of $141.80 million for the quarter, compared to the consensus estimate of $143.00 million. As a group, analysts predict that Xperi Corp 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. Shareholders of record on Wednesday, March 13th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $0.80 annualized dividend and a yield of 3.31%. Xperi’s payout ratio is currently 32.26%.

Several equities research analysts have recently issued reports on the company. BidaskClub raised Xperi from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Zacks Investment Research cut Xperi from a “hold” rating to a “strong sell” rating in a report on Saturday, March 2nd. Craig Hallum lifted 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. ValuEngine raised Xperi from a “sell” rating to a “hold” rating in a report on Wednesday, December 26th. 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 analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $26.40.

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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, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing.

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Institutional Ownership by Quarter for Xperi (NASDAQ:XPER)

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