State of Alaska Department of Revenue increased its holdings in shares of Xperi Holding Co. (NASDAQ:XPER – Get Rating) by 7.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 78,643 shares of the semiconductor company's stock after acquiring an additional 5,725 shares during the period. State of Alaska Department of Revenue owned about 0.08% of Xperi worth $1,134,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Captrust Financial Advisors boosted its position in shares of Xperi by 222.1% during the 1st quarter. Captrust Financial Advisors now owns 3,131 shares of the semiconductor company's stock valued at $54,000 after acquiring an additional 2,159 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of Xperi during the 1st quarter valued at about $88,000. Daiwa Securities Group Inc. boosted its position in shares of Xperi by 45.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 6,711 shares of the semiconductor company's stock valued at $116,000 after acquiring an additional 2,106 shares in the last quarter. Gladius Capital Management LP acquired a new stake in shares of Xperi during the 1st quarter valued at about $181,000. Finally, HighTower Advisors LLC bought a new position in Xperi during the 4th quarter valued at about $190,000. 90.50% of the stock is currently owned by institutional investors and hedge funds.
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Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on XPER shares. StockNews.com upgraded shares of Xperi from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, September 14th. Stephens began coverage on Xperi in a research note on Tuesday, August 2nd. They issued an "equal weight" rating and a $19.00 price objective on the stock.
Xperi Stock Performance
Xperi stock opened at $14.18 on Wednesday. The firm has a market cap of $1.48 billion, a P/E ratio of -37.32 and a beta of 0.85. The business's fifty day moving average is $15.80 and its two-hundred day moving average is $15.88. Xperi Holding Co. has a 52 week low of $13.39 and a 52 week high of $20.72.
Xperi Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Monday, August 29th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Friday, August 26th. Xperi's dividend payout ratio is currently -52.63%.
About Xperi
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Xperi Holding Corporation, together with its subsidiaries, operates as a consumer and entertainment product/solutions licensing company worldwide. It operates through two segments, Intellectual Property Licensing and Product. The Intellectual Property Licensing segment primarily licenses its innovations to companies in the entertainment industry under the Adeia brand.
Further Reading
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