Man Group plc Acquires Shares of 35,225 Xperi Inc. (NASDAQ:XPER)

Man Group plc purchased a new stake in Xperi Inc. (NASDAQ:XPER - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 35,225 shares of the semiconductor company's stock, valued at approximately $362,000. Man Group plc owned 0.08% of Xperi as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CenterBook Partners LP acquired a new position in shares of Xperi during the 4th quarter worth about $6,861,000. 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 purchasing an additional 666,226 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in Xperi during the fourth quarter worth approximately $3,502,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Xperi by 66.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 596,247 shares of the semiconductor company's stock worth $6,123,000 after acquiring an additional 238,687 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Xperi during the fourth quarter worth approximately $1,577,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on XPER. Rosenblatt Securities restated a "buy" rating and set a $15.00 price objective on shares of Xperi in a research report on Thursday, February 27th. BWS Financial restated a "top pick" rating and set a $30.00 price objective on shares of Xperi in a research report on Thursday, May 8th. Finally, Wall Street Zen upgraded shares of Xperi from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th.

Xperi Stock Performance

Shares of NASDAQ XPER traded up $0.03 during midday trading on Friday, reaching $7.82. The company's stock had a trading volume of 211,273 shares, compared to its average volume of 480,103. Xperi Inc. has a fifty-two week low of $6.29 and a fifty-two week high of $11.08. The business's 50 day moving average price is $7.39 and its two-hundred day moving average price is $8.54. The company has a market cap of $355.72 million, a P/E ratio of -4.11 and a beta of 1.29.

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.