153,523 Shares in Xperi Inc. (NASDAQ:XPER) Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC bought a new stake in Xperi Inc. (NASDAQ:XPER - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 153,523 shares of the semiconductor company's stock, valued at approximately $1,577,000. Cubist Systematic Strategies LLC owned about 0.34% of Xperi as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Xperi by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 3,654,252 shares of the semiconductor company's stock worth $37,529,000 after acquiring an additional 74,668 shares during the period. Wellington Management Group LLP increased its stake in shares of Xperi by 2.9% in the fourth quarter. Wellington Management Group LLP now owns 1,883,932 shares of the semiconductor company's stock valued at $19,348,000 after purchasing an additional 53,392 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Xperi by 6.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,861,658 shares of the semiconductor company's stock valued at $19,119,000 after buying an additional 116,220 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Xperi by 78.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,519,100 shares of the semiconductor company's stock valued at $15,601,000 after buying an additional 666,226 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Xperi by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,477,350 shares of the semiconductor company's stock worth $15,172,000 after buying an additional 43,576 shares during the period. Institutional investors and hedge funds own 94.28% of the company's stock.

Xperi Stock Performance

Shares of XPER stock traded down $0.28 during mid-day trading on Friday, hitting $8.01. 401,189 shares of the stock traded hands, compared to its average volume of 484,414. Xperi Inc. has a twelve month low of $6.29 and a twelve month high of $11.08. The company's 50-day simple moving average is $7.41 and its 200-day simple moving average is $8.63. The firm has a market cap of $364.64 million, a price-to-earnings ratio of -4.22 and a beta of 1.29.

Analyst Ratings Changes

Several analysts have weighed in on the company. BWS Financial reaffirmed a "top pick" rating and set a $30.00 target price on shares of Xperi in a research note on Thursday, May 8th. Rosenblatt Securities reiterated a "buy" rating and issued a $15.00 target price on shares of Xperi in a research report on Thursday, February 27th. Finally, StockNews.com downgraded shares of Xperi from a "buy" rating to a "hold" rating in a research report on Friday, May 9th.

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.