Xperi Inc. (NASDAQ:XPER) Stock Holdings Lowered by CenterBook Partners LP

CenterBook Partners LP trimmed its holdings in shares of Xperi Inc. (NASDAQ:XPER - Free Report) by 23.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 513,635 shares of the semiconductor company's stock after selling 154,443 shares during the period. CenterBook Partners LP owned about 1.13% of Xperi worth $3,965,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BNP Paribas Financial Markets acquired a new stake in Xperi in the fourth quarter valued at $56,000. Raymond James Financial Inc. acquired a new stake in Xperi in the fourth quarter valued at $658,000. Arrowstreet Capital Limited Partnership raised its holdings in Xperi by 8.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 794,782 shares of the semiconductor company's stock valued at $8,162,000 after acquiring an additional 61,610 shares in the last quarter. Deutsche Bank AG raised its holdings in Xperi by 64.0% in the fourth quarter. Deutsche Bank AG now owns 44,652 shares of the semiconductor company's stock valued at $459,000 after acquiring an additional 17,419 shares in the last quarter. Finally, Two Sigma Advisers LP raised its holdings in Xperi by 18.9% in the fourth quarter. Two Sigma Advisers LP now owns 14,500 shares of the semiconductor company's stock valued at $149,000 after acquiring an additional 2,300 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on XPER. BWS Financial reaffirmed a "top pick" rating and issued a $30.00 price target on shares of Xperi in a report on Thursday, May 8th. Wall Street Zen raised shares of Xperi from a "hold" rating to a "buy" rating in a report on Saturday, May 17th.

Xperi Stock Performance

Shares of Xperi stock traded up $0.05 during trading on Thursday, hitting $7.57. 251,970 shares of the stock were exchanged, compared to its average volume of 400,522. The stock's fifty day moving average is $7.92 and its 200 day moving average is $8.15. The stock has a market cap of $344.34 million, a PE ratio of -3.98 and a beta of 1.28. Xperi Inc. has a 12 month low of $6.29 and a 12 month high of $11.08.

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.