Millennium Management LLC Has $2.98 Million Stock Position in Xperi Inc. (NASDAQ:XPER)

Millennium Management LLC reduced its position in Xperi Inc. (NASDAQ:XPER - Free Report) by 34.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Xperi by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,742 shares of the semiconductor company's stock valued at $264,000 after acquiring an additional 1,140 shares during the period. Invesco Ltd. raised its holdings in shares of Xperi by 1.4% in the fourth quarter. Invesco Ltd. now owns 87,467 shares of the semiconductor company's stock valued at $898,000 after buying an additional 1,183 shares during the last quarter. Nebula Research & Development LLC raised its holdings in shares of Xperi by 10.1% in the fourth quarter. Nebula Research & Development LLC now owns 22,972 shares of the semiconductor company's stock valued at $236,000 after buying an additional 2,104 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Xperi by 3.1% in the fourth quarter. Rhumbline Advisers now owns 73,905 shares of the semiconductor company's stock valued at $759,000 after buying an additional 2,253 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Xperi by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 1,046,813 shares of the semiconductor company's stock valued at $10,754,000 after buying an additional 3,392 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Xperi Stock Performance

Shares of NASDAQ:XPER traded down $0.03 during midday trading on Wednesday, hitting $7.86. 196,406 shares of the stock were exchanged, compared to its average volume of 477,791. Xperi Inc. has a 12 month low of $6.29 and a 12 month high of $11.08. The stock has a market capitalization of $357.77 million, a price-to-earnings ratio of -4.14 and a beta of 1.29. The business's 50-day moving average price is $7.38 and its 200 day moving average price is $8.53.

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.