Xperi director Habiger buys $49,685 in company stock

David C. Habiger, a director at Xperi (NASDAQ:ADEA) Inc. (NASDAQ:XPER), recently purchased 5,775 shares of the company's common stock, investing a total of $49,685. The transaction, which took place on August 22, 2024, saw the shares acquired at a weighted average price of $8.6035. According to a footnote in the report, the shares were bought in multiple transactions with prices ranging from $8.59 to $8.62.

This recent purchase by Habiger has increased his direct ownership in the company to 73,980 shares. Additionally, the SEC filing also disclosed that Habiger has an indirect ownership of 6,900 shares through the David C. Habiger Family Trust.

Investors often monitor insider buying as it may indicate executives' confidence in the company's future prospects. With this latest acquisition, Habiger's stake in Xperi has been bolstered, reflecting a positive signal to the market about the insider's outlook on the company's value.

Xperi Inc., with its headquarters in San Jose, California, specializes in prepackaged software services and is known for its technological contributions. The company's stock transactions are closely watched by investors seeking insights into the actions of company insiders.

The filing was signed by Robert J. Andersen, as Attorney-in-Fact, and was submitted on August 26, 2024.

In other recent news, Xperi Holding Corporation disclosed significant developments. The company's subsidiary, TiVo (NASDAQ:TIVO_old) Platform Technologies, announced the expansion of its TiVo Broadband service, doubling operator partnerships and enhancing its TiVo+ channel offerings. The service now collaborates with ten operators, thanks to the addition of five new partners. The expansion of TiVo+ includes over 200 free ad-supported streaming TV (FAST) channels in the United States, with a focus on local news and diverse programming.

In addition, Xperi revealed its Q2 2024 financial results, highlighting a strategic focus on growth. The company reported a slight year-over-year decrease in revenue to approximately $120 million but saw a notable increase in adjusted EBITDA, which nearly tripled from the previous year. Despite a drop in consumer electronics revenue and a decrease in media platform revenue, Xperi experienced a 41% increase in Connected Car revenue and a 5% growth in Pay TV revenue.

These recent developments underscore Xperi's commitment to innovative solutions for streaming services, personalized content offerings, and strategic growth areas. Xperi's strategic initiatives, such as connected TV advertising, in-cabin entertainment, and TiVo video-over-broadband, are expected to significantly boost revenue by 2026.

InvestingPro Insights

Following the recent insider purchase by David C. Habiger, a closer look at Xperi Inc. (NASDAQ:XPER) through the lens of InvestingPro reveals a mixed financial portrait. The company boasts a robust gross profit margin of 76.55% as of the last twelve months leading up to Q2 2024, underscoring its efficiency in controlling the costs associated with its revenue. This is particularly notable given the competitive landscape of the prepackaged software services industry.

An InvestingPro Tip highlights that Xperi's liquid assets surpass its short-term obligations, indicating a solid liquidity position that could support its operations and strategic initiatives. This could be a contributing factor to Habiger's confidence in increasing his stake in the company.

However, the company is currently grappling with profitability challenges, as it was not profitable over the last twelve months. Yet, analysts on InvestingPro are predicting a turnaround, with expectations that Xperi will achieve profitability this year. This forward-looking optimism may align with Habiger's recent investment decision.

For investors seeking a deeper dive into Xperi's financial health and future prospects, there are additional InvestingPro Tips available, providing a comprehensive analysis of the company's performance and potential. As of now, 6 more InvestingPro Tips can be accessed for Xperi, offering valuable insights for those considering an investment in the company.

Key InvestingPro Data metrics to consider include:

• Market Capitalization: Xperi holds a market cap of $398.98 million, reflecting its current valuation in the market.
• Price to Earnings (P/E) Ratio: The company's P/E ratio stands at -3.05, indicating investor concerns about future earnings given its negative value.
• Revenue Growth: Xperi experienced a slight decrease in revenue growth of -0.94% over the last twelve months leading up to Q2 2024, which may warrant attention from investors looking for growth opportunities.

These data points, combined with the recent insider buying activity, paint a picture of a company with strong gross margins and liquidity, yet facing profitability challenges. Investors interested in Xperi can explore further on InvestingPro to gain a more detailed understanding of the company's financial standing and future outlook.

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