CenterBook Partners LP Trims Stock Holdings in Xperi Inc. (NASDAQ:XPER)

CenterBook Partners LP lowered its stake in Xperi Inc. (NASDAQ:XPER - Free Report) by 23.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 513,635 shares of the semiconductor company's stock after selling 154,443 shares during the period. CenterBook Partners LP owned approximately 1.13% of Xperi worth $3,965,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of XPER. Vanguard Group Inc. grew its holdings in Xperi by 1.5% during the first quarter. Vanguard Group Inc. now owns 3,707,411 shares of the semiconductor company's stock worth $28,621,000 after acquiring an additional 53,159 shares during the period. Wellington Management Group LLP grew its holdings in Xperi by 2.9% during the fourth quarter. Wellington Management Group LLP now owns 1,883,932 shares of the semiconductor company's stock worth $19,348,000 after acquiring an additional 53,392 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Xperi by 6.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,861,658 shares of the semiconductor company's stock worth $19,119,000 after acquiring an additional 116,220 shares during the period. JPMorgan Chase & Co. grew its holdings 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 acquiring an additional 666,226 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings 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 acquiring an additional 43,576 shares during the period. Institutional investors and hedge funds own 94.28% of the company's stock.

Xperi Price Performance

Xperi stock traded up $0.11 during trading hours on Friday, hitting $7.67. The stock had a trading volume of 364,418 shares, compared to its average volume of 400,359. The stock has a market capitalization of $348.90 million, a price-to-earnings ratio of -4.03 and a beta of 1.28. Xperi Inc. has a 1-year low of $6.29 and a 1-year high of $11.08. The stock's fifty day moving average is $7.91 and its two-hundred day moving average is $8.13.

Analysts Set New Price Targets

A number of research analysts recently weighed in on XPER shares. BWS Financial reaffirmed a "top pick" rating and set a $30.00 price objective on shares of Xperi in a report on Thursday, May 8th. Wall Street Zen raised Xperi from a "hold" rating to a "buy" rating in a report on Saturday, May 17th.

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.