Millennium Management LLC Sells 151,102 Shares of Xperi Inc. (NASDAQ:XPER)

Millennium Management LLC cut its position in Xperi Inc. (NASDAQ:XPER - Free Report) by 34.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 290,156 shares of the semiconductor company's stock after selling 151,102 shares during the quarter. Millennium Management LLC owned approximately 0.65% of Xperi worth $2,980,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Xperi by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,742 shares of the semiconductor company's stock worth $264,000 after acquiring an additional 1,140 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Xperi by 2.4% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 822,243 shares of the semiconductor company's stock valued at $8,444,000 after buying an additional 19,507 shares during the period. Deutsche Bank AG lifted its holdings in shares of Xperi by 64.0% in the 4th quarter. Deutsche Bank AG now owns 44,652 shares of the semiconductor company's stock valued at $459,000 after buying an additional 17,419 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in shares of Xperi by 19.7% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 758,210 shares of the semiconductor company's stock valued at $7,787,000 after buying an additional 125,021 shares during the period. Finally, Corton Capital Inc. acquired a new stake in shares of Xperi in the 4th quarter valued at approximately $127,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Xperi Price Performance

Shares of XPER traded up $0.28 during trading hours on Tuesday, hitting $7.93. 153,936 shares of the company were exchanged, compared to its average volume of 478,937. The company has a market capitalization of $360.96 million, a PE ratio of -4.17 and a beta of 1.29. The firm has a fifty day simple moving average of $7.38 and a 200-day simple moving average of $8.54. Xperi Inc. has a one year low of $6.29 and a one year high of $11.08.

Analysts Set New Price Targets

XPER has been the subject of several research analyst reports. BWS Financial reaffirmed a "top pick" rating and issued a $30.00 price objective on shares of Xperi in a research note on Thursday, May 8th. Rosenblatt Securities reissued a "buy" rating and set a $15.00 price target on shares of Xperi in a research report on Thursday, February 27th. Finally, Wall Street Zen upgraded Xperi from a "hold" rating to a "buy" rating in a report on Saturday, May 17th.

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.