Bank of America Corp DE Sells 53,548 Shares of Xperi Inc. (NASDAQ:XPER)

Bank of America Corp DE reduced its position in Xperi Inc. (NASDAQ:XPER - Free Report) by 12.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new position in shares of Xperi in the 4th quarter worth $56,000. LPL Financial LLC purchased a new position in shares of Xperi in the 4th quarter worth $115,000. ExodusPoint Capital Management LP purchased a new position in shares of Xperi in the 4th quarter worth $193,000. SG Americas Securities LLC boosted its stake in shares of Xperi by 24.4% in the 4th quarter. SG Americas Securities LLC now owns 20,777 shares of the semiconductor company's stock worth $213,000 after buying an additional 4,071 shares during the last quarter. Finally, Nebula Research & Development LLC boosted its stake 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 worth $236,000 after buying an additional 2,104 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on XPER. Wall Street Zen upgraded Xperi from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Rosenblatt Securities reiterated a "buy" rating and set a $15.00 target price on shares of Xperi in a research report on Thursday, February 27th. Finally, BWS Financial reiterated a "top pick" rating and set a $30.00 target price on shares of Xperi in a research report on Thursday, May 8th.

Xperi Trading Up 3.7%

NASDAQ XPER traded up $0.28 on Tuesday, hitting $7.93. 153,936 shares of the company traded hands, compared to its average volume of 478,937. The company has a market capitalization of $360.96 million, a price-to-earnings ratio of -4.17 and a beta of 1.29. The business's 50 day moving average price is $7.38 and its 200-day moving average price is $8.54. Xperi Inc. has a 52-week low of $6.29 and a 52-week high of $11.08.

Xperi Company 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.