Neuberger Berman Group LLC Lowers Holdings in Xperi Inc. $XPER

Key Points

• Neuberger Berman Group LLC reduced its stake in Xperi Inc. by 1.9%, now holding 2,605,237 shares valued at approximately $20.15 million.
• Institutional ownership in Xperi is high, with 94.28% of the company's stock owned by institutional investors.
• Analyst ratings have been mixed, with some firms reiterating buy ratings while others have lowered their price targets for Xperi.

Neuberger Berman Group LLC lessened its stake in shares of Xperi Inc. (NASDAQ:XPER - Free Report) by 1.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,605,237 shares of the semiconductor company's stock after selling 51,384 shares during the quarter. Neuberger Berman Group LLC owned approximately 5.72% of Xperi worth $20,148,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Xperi by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 3,707,411 shares of the semiconductor company's stock valued at $28,621,000 after purchasing an additional 53,159 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Xperi by 2.9% during the fourth quarter. Wellington Management Group LLP now owns 1,883,932 shares of the semiconductor company's stock valued at $19,348,000 after acquiring an additional 53,392 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Xperi by 6.7% during 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 acquiring an additional 116,220 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Xperi by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,477,350 shares of the semiconductor company's stock valued at $15,172,000 after buying an additional 43,576 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Xperi by 0.3% during 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. Hedge funds and other institutional investors own 94.28% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. BWS Financial cut Xperi from a "strong-buy" rating to a "moderate buy" rating and dropped their target price for the stock from $30.00 to $12.00 in a research report on Tuesday, July 29th. Wall Street Zen raised Xperi from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $15.00 price objective on shares of Xperi in a research note on Tuesday, July 29th.

Xperi Stock Up 3.5%

XPER traded up $0.21 during trading hours on Monday, reaching $6.12. 406,361 shares of the company's stock traded hands, compared to its average volume of 352,140. The firm has a 50-day moving average price of $7.32 and a 200 day moving average price of $7.68. Xperi Inc. has a 52-week low of $5.68 and a 52-week high of $11.07. The firm has a market capitalization of $282.88 million, a PE ratio of -3.22 and a beta of 1.26.

About Xperi

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.