Monaco Asset Management SAM Makes New $859,000 Investment in Xperi Inc. (NASDAQ:XPER)

Monaco Asset Management SAM acquired a new position in Xperi Inc. (NASDAQ:XPER) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 104,660 shares of the semiconductor company’s stock, valued at approximately $859,000. Monaco Asset Management SAM owned about 0.23% of Xperi as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the business. Harbor Capital Advisors Inc. lifted its stake in Xperi by 66.9% in the second quarter. Harbor Capital Advisors Inc. now owns 8,523 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 3,416 shares during the last quarter. Quest Partners LLC purchased a new stake in Xperi in the 2nd quarter worth approximately $141,000. MQS Management LLC bought a new stake in shares of Xperi in the 1st quarter worth approximately $185,000. State Board of Administration of Florida Retirement System increased its stake in shares of 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 buying an additional 4,910 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Xperi by 409.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 23,028 shares of the semiconductor company’s stock valued at $278,000 after acquiring an additional 18,508 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling at Xperi

In related news, Director David C. Habiger purchased 5,750 shares of Xperi stock in a transaction dated Wednesday, August 21st. The stock was purchased at an average cost of $8.68 per share, for a total transaction of $49,910.00. Following the completion of the acquisition, the director now directly owns 68,205 shares of the company’s stock, valued at $592,019.40. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders purchased 8,600 shares of company stock worth $74,698. 1.70% of the stock is owned by insiders.

Xperi Stock Up 2.6 %

Shares of Xperi stock opened at $8.27 on Tuesday. Xperi Inc. has a 1 year low of $6.89 and a 1 year high of $12.29. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.01 and a quick ratio of 2.01. The company has a 50-day moving average of $8.03 and a 200 day moving average of $9.24. The firm has a market cap of $378.85 million, a price-to-earnings ratio of -3.04 and a beta of 1.57.

Xperi (NASDAQ:XPER) last announced 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 business had revenue of $119.59 million during 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 fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on XPER. Craig Hallum reduced their price objective on shares of Xperi from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. StockNews.com raised shares of Xperi from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. BWS Financial restated a “top pick” rating and issued a $30.00 price objective on shares of Xperi in a report on Thursday, August 22nd. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $15.00 target price on shares of Xperi in a report on Tuesday, August 6th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Xperi presently has an average rating of “Buy” and an average price target 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.