Charles Schwab Investment Management Inc. Decreases Stock Position in Xperi Inc. $XPER

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Xperi Inc. by 23.4% in Q1, now owning approximately 344,320 shares valued at about $2.66 million.
• Several institutional investors, including Vanguard Group and Wellington Management, have increased their holdings in Xperi, with over 94% of shares now held by such entities.
• Xperi recently saw analysts adjusting their ratings, with an average price target of $13.50 and a general consensus rating of "Buy" for the stock.

Charles Schwab Investment Management Inc. lessened its holdings in shares of Xperi Inc. (NASDAQ:XPER - Free Report) by 23.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 344,320 shares of the semiconductor company's stock after selling 105,121 shares during the period. Charles Schwab Investment Management Inc. owned 0.76% of Xperi worth $2,658,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Wells Fargo & Company MN lifted its stake in Xperi by 27.0% in the fourth quarter. Wells Fargo & Company MN now owns 29,115 shares of the semiconductor company's stock valued at $299,000 after buying an additional 6,197 shares during the period. Raymond James Financial Inc. bought a new position in shares of Xperi during the fourth quarter worth about $658,000. Dimensional Fund Advisors LP grew its stake in Xperi by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,477,350 shares of the semiconductor company's stock valued at $15,172,000 after purchasing an additional 43,576 shares in the last quarter. MetLife Investment Management LLC grew its stake in Xperi by 21.0% in the fourth quarter. MetLife Investment Management LLC now owns 33,369 shares of the semiconductor company's stock valued at $343,000 after purchasing an additional 5,797 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in Xperi in the fourth quarter valued at approximately $599,000. Institutional investors own 94.28% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on XPER. BWS Financial cut Xperi from a "strong-buy" rating to a "moderate buy" rating and dropped their price target for the stock from $30.00 to $12.00 in a report on Tuesday, July 29th. Wall Street Zen upgraded Xperi from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Finally, Rosenblatt Securities restated a "buy" rating and set a $15.00 price objective on shares of Xperi in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $13.50.

Xperi Trading Down 0.2%

Shares of XPER traded down $0.02 on Monday, reaching $6.03. 558,148 shares of the company's stock traded hands, compared to its average volume of 362,009. The stock's 50 day simple moving average is $6.93 and its two-hundred day simple moving average is $7.44. Xperi Inc. has a 52-week low of $5.68 and a 52-week high of $11.07. The stock has a market cap of $278.72 million, a PE ratio of -3.17 and a beta of 1.26.

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.