Insider Buying: Xperi Inc. (NASDAQ:XPER) CEO Acquires 5,000 Shares of Stock

Xperi Inc. (NASDAQ:XPER) CEO Jon Kirchner bought 5,000 shares of the stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of $8.65 per share, for a total transaction of $43,250.00. Following the acquisition, the chief executive officer now directly owns 523,692 shares of the company’s stock, valued at approximately $4,529,935.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Xperi Price Performance

XPER stock opened at $8.83 on Friday. The company has a fifty day simple moving average of $8.08 and a two-hundred day simple moving average of $9.17. Xperi Inc. has a 52 week low of $6.89 and a 52 week 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 firm has a market capitalization of $404.50 million, a P/E ratio of -3.25 and a beta of 1.57.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Xperi

Several institutional investors have recently modified their holdings of XPER. Clearline Capital LP increased its position in shares of Xperi by 37.9% during the 2nd quarter. Clearline Capital LP now owns 2,359,750 shares of the semiconductor company’s stock valued at $19,374,000 after purchasing an additional 648,207 shares during the last quarter. Algert Global LLC boosted its stake in Xperi by 117.6% during the second quarter. Algert Global LLC now owns 194,060 shares of the semiconductor company’s stock worth $1,593,000 after buying an additional 104,880 shares during the period. Millennium Management LLC increased its position in Xperi by 703.2% during the second quarter. Millennium Management LLC now owns 592,415 shares of the semiconductor company’s stock valued at $4,864,000 after acquiring an additional 518,661 shares during the last quarter. Squarepoint Ops LLC raised its stake in shares of Xperi by 60.0% in the second quarter. Squarepoint Ops LLC now owns 166,379 shares of the semiconductor company’s stock valued at $1,366,000 after acquiring an additional 62,367 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Xperi in the second quarter valued at $534,000. 94.28% of the stock is owned by institutional investors.

About Xperi

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.