Waterfront Wealth Inc. Has $2.67 Million Holdings in Xperi Inc. (NASDAQ:XPER)

Waterfront Wealth Inc. grew its holdings in Xperi Inc. (NASDAQ:XPER) by 46.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its holdings in shares of Xperi by 66.9% in the second quarter. Harbor Capital Advisors Inc. now owns 8,523 shares of the semiconductor company’s stock valued at $70,000 after purchasing an additional 3,416 shares during the last quarter. Gladius Capital Management LP grew its stake in shares of Xperi by 16.1% in the fourth quarter. Gladius Capital Management LP now owns 9,113 shares of the semiconductor company’s stock valued at $100,000 after buying an additional 1,267 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Xperi by 46.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,235 shares of the semiconductor company’s stock valued at $113,000 after buying an additional 3,262 shares in the last quarter. MQS Management LLC bought a new position in shares of Xperi in the first quarter valued at $185,000. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of Xperi by 40.3% in 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 buying an additional 4,910 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Xperi Stock Performance

Shares of XPER traded down $0.15 during midday trading on Friday, reaching $8.82. 1,566,443 shares of the stock were exchanged, compared to its average volume of 581,244. Xperi Inc. has a twelve month low of $6.89 and a twelve month high of $12.29. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.14. The company has a market cap of $404.04 million, a P/E ratio of -3.24 and a beta of 1.56. The stock’s 50 day simple moving average is $7.98 and its 200 day simple moving average is $9.36.

Xperi (NASDAQ:XPER) last posted 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. The company had revenue of $119.59 million during the quarter, compared to the consensus estimate of $118.95 million. Xperi had a negative return on equity of 10.15% and a negative net margin of 21.67%. On average, sell-side analysts expect that Xperi Inc. will post -0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on XPER. BWS Financial reissued a “top pick” rating and issued a $30.00 target price on shares of Xperi in a research note on Thursday, August 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 price objective on shares of Xperi in a research report on Tuesday, August 6th. Craig Hallum reduced their price objective on shares of Xperi from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Finally, StockNews.com cut shares of Xperi from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Xperi has an average rating of “Buy” and a consensus price target of $19.00.

Insider Activity at Xperi

In related news, Director David C. Habiger purchased 5,750 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was acquired at an average price 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 in the company, valued at $592,019.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is owned by insiders.

Xperi Company 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.