Xperi Inc. (NASDAQ:XPER) Position Trimmed by Bank of America Corp DE

Bank of America Corp DE lessened its holdings in Xperi Inc. (NASDAQ:XPER - Free Report) by 12.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 362,059 shares of the semiconductor company's stock after selling 53,548 shares during the period. Bank of America Corp DE owned approximately 0.81% of Xperi worth $3,718,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new stake in Xperi in the fourth quarter valued at approximately $56,000. Northern Trust Corp grew its position in Xperi by 5.9% in the 4th quarter. Northern Trust Corp now owns 413,013 shares of the semiconductor company's stock valued at $4,242,000 after buying an additional 22,947 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Xperi by 6.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,861,658 shares of the semiconductor company's stock valued at $19,119,000 after purchasing an additional 116,220 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Xperi during the fourth quarter worth $599,000. Finally, Nebula Research & Development LLC increased its holdings in shares of Xperi by 10.1% in 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 in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on XPER shares. Rosenblatt Securities reissued a "buy" rating and issued a $15.00 price objective on shares of Xperi in a research note on Thursday, February 27th. BWS Financial reaffirmed a "top pick" rating and set a $30.00 price target on shares of Xperi in a research note on Thursday, May 8th. Finally, Wall Street Zen raised Xperi from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th.

Xperi Trading Down 0.4%

XPER stock traded down $0.03 during trading on Wednesday, reaching $7.86. The stock had a trading volume of 196,406 shares, compared to its average volume of 477,791. The firm has a fifty day moving average price of $7.38 and a 200 day moving average price of $8.53. The company has a market capitalization of $357.77 million, a P/E ratio of -4.14 and a beta of 1.29. Xperi Inc. has a 1-year low of $6.29 and a 1-year high of $11.08.

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.