Cubist Systematic Strategies LLC Buys Shares of 153,523 Xperi Inc. (NASDAQ:XPER)

Cubist Systematic Strategies LLC acquired a new position in Xperi Inc. (NASDAQ:XPER - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 153,523 shares of the semiconductor company's stock, valued at approximately $1,577,000. Cubist Systematic Strategies LLC owned approximately 0.34% of Xperi as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in XPER. Invesco Ltd. raised its holdings in shares of Xperi by 1.4% in the 4th quarter. Invesco Ltd. now owns 87,467 shares of the semiconductor company's stock worth $898,000 after purchasing an additional 1,183 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in Xperi by 13.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,098 shares of the semiconductor company's stock worth $104,000 after acquiring an additional 1,197 shares during the last quarter. Nebula Research & Development LLC lifted its position in Xperi by 10.1% during the 4th quarter. Nebula Research & Development LLC now owns 22,972 shares of the semiconductor company's stock valued at $236,000 after purchasing an additional 2,104 shares during the period. Rhumbline Advisers raised its holdings in Xperi by 3.1% during the 4th quarter. Rhumbline Advisers now owns 73,905 shares of the semiconductor company's stock worth $759,000 after buying an additional 2,253 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Xperi by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 1,046,813 shares of the semiconductor company's stock worth $10,754,000 after acquiring an additional 3,392 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Analysts Set New Price Targets

XPER has been the subject of a number of research reports. BWS Financial reissued a "top pick" rating and set a $30.00 target price on shares of Xperi in a report on Thursday, May 8th. Rosenblatt Securities reaffirmed a "buy" rating and set a $15.00 target price on shares of Xperi in a research report on Thursday, February 27th. Finally, StockNews.com upgraded Xperi from a "hold" rating to a "buy" rating in a report on Saturday.

Xperi Price Performance

Shares of XPER traded down $0.28 during trading hours on Friday, hitting $8.01. The stock had a trading volume of 401,189 shares, compared to its average volume of 484,697. The stock has a fifty day moving average price of $7.42 and a 200 day moving average price of $8.61. Xperi Inc. has a 12 month low of $6.29 and a 12 month high of $11.08. The firm has a market capitalization of $364.64 million, a PE ratio of -4.22 and a beta of 1.29.

About Xperi

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.