Charles Schwab Investment Management Inc. decreased its holdings in shares of Xperi Inc. (NASDAQ:XPER - Free Report) by 23.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 344,320 shares of the semiconductor company's stock after selling 105,121 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.76% of Xperi worth $2,658,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royce & Associates LP bought a new stake in shares of Xperi during the 1st quarter worth approximately $3,036,000. Cubist Systematic Strategies LLC acquired a new position in Xperi during the fourth quarter worth $1,577,000. Two Sigma Investments LP bought a new stake in Xperi during the fourth quarter worth $1,340,000. D. E. Shaw & Co. Inc. increased its stake in shares of Xperi by 19.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 758,210 shares of the semiconductor company's stock worth $7,787,000 after purchasing an additional 125,021 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Xperi by 6.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,861,658 shares of the semiconductor company's stock valued at $19,119,000 after buying an additional 116,220 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.
Xperi Price Performance
XPER traded up $0.15 during trading on Thursday, hitting $6.03. 282,342 shares of the stock traded hands, compared to its average volume of 363,058. The business has a 50 day moving average price of $6.80 and a 200 day moving average price of $7.40. Xperi Inc. has a twelve month low of $5.68 and a twelve month high of $11.07. The company has a market cap of $278.72 million, a price-to-earnings ratio of -3.17 and a beta of 1.26.
Wall Street Analyst Weigh In
A number of research analysts recently commented on XPER shares. Wall Street Zen upgraded shares of Xperi from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Rosenblatt Securities restated a "buy" rating and set a $15.00 price objective on shares of Xperi in a report on Tuesday, July 29th. Finally, BWS Financial lowered Xperi from a "strong-buy" rating to a "moderate buy" rating and lowered their target price for the stock from $30.00 to $12.00 in a research note on Tuesday, July 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Xperi presently has a consensus rating of "Buy" and an average target price of $13.50.
Get Our Latest Stock Report on Xperi
About Xperi
(
Free Report)
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.
Recommended Stories
Before you consider Xperi, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Xperi wasn't on the list.
While Xperi currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
