Martingale Asset Management L P Purchased $2.13 Million in Xperi Co. (XPER)

Martingale Asset Management L P Purchased $2.13 Million in Xperi Co. (XPER)

Martingale Asset Management L P acquired a new position in shares of Xperi Co. (NASDAQ:XPER) during the first quarter, according to its most recent filing with the SEC. The firm acquired 62,715 shares of the semiconductor company’s stock, valued at approximately $2,130,000.

A number of other large investors have also recently made changes to their positions in XPER. Wells Fargo & Company MN bought a new position in shares of Xperi during the first quarter worth about $44,390,000. Bank of New York Mellon Corp bought a new position in shares of Xperi during the first quarter worth about $32,969,000. Russell Investments Group Ltd. bought a new position in shares of Xperi during the first quarter worth about $27,349,000. Rubric Capital Management LP bought a new position in shares of Xperi during the first quarter worth about $25,463,000. Finally, Cambiar Investors LLC bought a new position in shares of Xperi during the first quarter worth about $16,828,000. Hedge funds and other institutional investors own 98.83% of the company’s stock.

Shares of Xperi Co. (NASDAQ:XPER) traded up 0.65% on Thursday, reaching $30.85. 52,284 shares of the company’s stock were exchanged. Xperi Co. has a 1-year low of $28.91 and a 1-year high of $45.95. The stock’s 50-day moving average price is $32.35 and its 200-day moving average price is $38.49.

Xperi (NASDAQ:XPER) last issued its quarterly earnings results on Wednesday, May 3rd. The semiconductor company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.05. The company had revenue of $67.26 million during the quarter. Xperi had a net margin of 35.10% and a return on equity of 20.72%. Analysts expect that Xperi Co. will post $1.76 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 14th. Stockholders of record on Wednesday, May 24th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Monday, May 22nd. Xperi’s dividend payout ratio is currently 45.45%.

Separately, TheStreet cut shares of Xperi from a “b-” rating to a “c” rating in a report on Monday, May 8th.

In related news, VP Robert J. Andersen sold 13,027 shares of the stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $35.30, for a total transaction of $459,853.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher A. Seams sold 1,250 shares of the stock in a transaction that occurred on Monday, March 27th. The shares were sold at an average price of $36.49, for a total transaction of $45,612.50. Following the sale, the director now directly owns 33,530 shares of the company’s stock, valued at $1,223,509.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,986 shares of company stock valued at $827,385. Company insiders own 1.20% of the company’s stock.

Xperi Company Profile

Tessera Holding Corporation is a product and technology licensing company. The Company’s technologies and intellectual property are deployed, in areas, such as audio, computational imaging, computer vision, mobile computing and communications, memory, data storage, three dimensional (3D) semiconductor interconnect and packaging.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:XPER”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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