Alliancebernstein L.P. Has $416,000 Stock Holdings in Xperi Inc. (NASDAQ:XPER)

Alliancebernstein L.P. reduced its position in shares of Xperi Inc. (NASDAQ:XPER - Free Report) by 72.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,525 shares of the semiconductor company's stock after selling 106,578 shares during the period. Alliancebernstein L.P. owned about 0.09% of Xperi worth $416,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its position in Xperi by 13.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 10,098 shares of the semiconductor company's stock valued at $104,000 after purchasing an additional 1,197 shares during the last quarter. LPL Financial LLC bought a new position in shares of Xperi in the fourth quarter worth about $115,000. Silverleafe Capital Partners LLC acquired a new position in shares of Xperi during the fourth quarter worth approximately $200,000. SG Americas Securities LLC grew its stake in shares of Xperi by 24.4% during the fourth quarter. SG Americas Securities LLC now owns 20,777 shares of the semiconductor company's stock valued at $213,000 after purchasing an additional 4,071 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Xperi in the fourth quarter valued at approximately $483,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Xperi Price Performance

Shares of Xperi stock traded up $0.02 on Friday, hitting $7.31. 63,662 shares of the company's stock traded hands, compared to its average volume of 477,158. The firm's 50-day moving average price is $7.65 and its two-hundred day moving average price is $8.78. The stock has a market capitalization of $332.69 million, a PE ratio of -3.84 and a beta of 1.29. Xperi Inc. has a one year low of $6.29 and a one year high of $11.39.

Analyst Ratings Changes

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

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.