Boothbay Fund Management LLC Reduces Holdings in Xperi Inc. (NASDAQ:XPER)

Boothbay Fund Management LLC lessened its stake in shares of Xperi Inc. (NASDAQ:XPER - Free Report) by 92.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,035 shares of the semiconductor company's stock after selling 305,510 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.06% of Xperi worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XPER. Vanguard Group Inc. grew its holdings in Xperi by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 3,654,252 shares of the semiconductor company's stock valued at $37,529,000 after buying an additional 74,668 shares during the period. Wellington Management Group LLP grew its holdings in 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. JPMorgan Chase & Co. increased its position in Xperi by 78.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,519,100 shares of the semiconductor company's stock worth $15,601,000 after purchasing an additional 666,226 shares during the last quarter. Dimensional Fund Advisors LP increased its position in 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 purchasing an additional 43,576 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Xperi by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,046,813 shares of the semiconductor company's stock worth $10,754,000 after purchasing an additional 3,392 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Xperi Stock Up 0.3 %

Shares of NASDAQ XPER traded up $0.02 on Tuesday, hitting $7.04. The company had a trading volume of 252,869 shares, compared to its average volume of 477,169. Xperi Inc. has a 12-month low of $6.29 and a 12-month high of $11.39. The firm has a market capitalization of $320.58 million, a P/E ratio of -3.71 and a beta of 1.29. The business has a 50 day moving average of $7.44 and a two-hundred day moving average of $8.70.

Analysts Set New Price Targets

A number of research firms have recently commented on XPER. Rosenblatt Securities restated a "buy" rating and set a $15.00 price objective on shares of Xperi in a report on Thursday, February 27th. BWS Financial restated a "top pick" rating and issued a $30.00 price objective on shares of Xperi in a report on Thursday, February 27th. Finally, StockNews.com upgraded Xperi from a "hold" rating to a "buy" rating in a report on Thursday, March 27th.

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.