Magnetar Financial LLC purchased a new position in Xperi Inc. (NASDAQ:XPER - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 48,994 shares of the semiconductor company's stock, valued at approximately $378,000. Magnetar Financial LLC owned approximately 0.11% of Xperi at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of XPER. Royce & Associates LP acquired a new position in shares of Xperi in the 1st quarter valued at approximately $3,036,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Xperi by 35.0% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 804,956 shares of the semiconductor company's stock worth $6,214,000 after acquiring an additional 208,709 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Xperi by 11.0% during the first quarter. Wellington Management Group LLP now owns 2,091,742 shares of the semiconductor company's stock worth $16,148,000 after acquiring an additional 207,810 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Xperi in the 4th quarter valued at $1,577,000. Finally, Two Sigma Investments LP acquired a new position in Xperi in the 4th quarter worth $1,340,000. Institutional investors own 94.28% of the company's stock.
Xperi Stock Performance
XPER traded up $0.11 during trading on Friday, reaching $6.13. 422,009 shares of the stock were exchanged, compared to its average volume of 363,333. The stock's 50 day moving average price is $6.77 and its two-hundred day moving average price is $7.36. Xperi Inc. has a twelve month low of $5.68 and a twelve month high of $11.07. The stock has a market cap of $283.53 million, a P/E ratio of -3.23 and a beta of 1.26.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on XPER shares. BWS Financial lowered Xperi from a "strong-buy" rating to a "moderate buy" rating and cut their price target for the company from $30.00 to $12.00 in a report on Tuesday, July 29th. Rosenblatt Securities restated a "buy" rating and issued a $15.00 target price on shares of Xperi in a research note on Tuesday, July 29th. Finally, Wall Street Zen upgraded shares of Xperi from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Xperi has a consensus rating of "Buy" and a consensus price target of $13.50.
Check Out Our Latest Stock Report on Xperi
Xperi Company Profile
(
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.
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