Waterfront Wealth Inc. Boosts Position in Xperi Inc. (NASDAQ:XPER)

Waterfront Wealth Inc. increased its stake in Xperi Inc. (NASDAQ:XPER) by 13.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 177,110 shares of the semiconductor company’s stock after acquiring an additional 20,636 shares during the quarter. Waterfront Wealth Inc.’s holdings in Xperi were worth $1,952,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in Xperi by 150.0% during the 1st quarter. FMR LLC now owns 2,270 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 1,362 shares in the last quarter. Captrust Financial Advisors grew its holdings in Xperi by 222.1% during the 1st quarter. Captrust Financial Advisors now owns 3,131 shares of the semiconductor company’s stock worth $54,000 after acquiring an additional 2,159 shares in the last quarter. EMC Capital Management bought a new position in Xperi during the 3rd quarter worth about $32,000. Qube Research & Technologies Ltd bought a new position in Xperi during the 3rd quarter worth about $47,000. Finally, Point72 Hong Kong Ltd bought a new position in Xperi during the 2nd quarter worth about $84,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

XPER has been the topic of a number of recent analyst reports. Rosenblatt Securities restated a “buy” rating and issued a $15.00 price target on shares of Xperi in a report on Friday, March 1st. TheStreet upgraded shares of Xperi from a “d+” rating to a “c-” rating in a report on Tuesday, December 26th. Finally, StockNews.com upgraded shares of Xperi from a “hold” rating to a “buy” rating in a report on Sunday.

Xperi Stock Down 1.5 %

Shares of NASDAQ:XPER traded down $0.15 during trading on Wednesday, reaching $9.58. The stock had a trading volume of 248,961 shares, compared to its average volume of 422,610. Xperi Inc. has a one year low of $7.91 and a one year high of $13.62. The company has a market capitalization of $431.39 million, a P/E ratio of -3.05 and a beta of 1.76. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.13. The firm’s 50-day simple moving average is $11.00 and its 200 day simple moving average is $10.38.

Xperi (NASDAQ:XPER) last released its earnings results on Wednesday, February 28th. The semiconductor company reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.16. The company had revenue of $137.23 million during the quarter, compared to analysts’ expectations of $138.90 million. Xperi had a negative net margin of 26.20% and a negative return on equity of 7.37%. As a group, research analysts expect that Xperi Inc. will post -1.19 EPS for the current fiscal year.

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.