Neuberger Berman Group LLC Has $20.15 Million Stock Holdings in Xperi Inc. (NASDAQ: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 decreased its position in Xperi Inc. (NASDAQ:XPER - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Xperi by 1.5% during the first quarter. Vanguard Group Inc. now owns 3,707,411 shares of the semiconductor company's stock valued at $28,621,000 after buying an additional 53,159 shares during the period. Wellington Management Group LLP raised its stake in Xperi by 2.9% in 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 purchasing an additional 53,392 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake 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 worth $19,119,000 after acquiring an additional 116,220 shares in the last quarter. Dimensional Fund Advisors LP raised its stake 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 worth $15,172,000 after acquiring an additional 43,576 shares in the last quarter. Finally, Geode Capital Management LLC grew 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 worth $10,754,000 after purchasing an additional 3,392 shares during the last quarter. Institutional investors own 94.28% of the company's stock.

Analyst Ratings Changes

XPER has been the topic of several recent analyst reports. Rosenblatt Securities reiterated a "buy" rating and issued a $15.00 price target on shares of Xperi in a report on Tuesday, July 29th. BWS Financial lowered Xperi from a "strong-buy" rating to a "moderate buy" rating and lowered their price target for the stock from $30.00 to $12.00 in a research report on Tuesday, July 29th. Finally, Wall Street Zen raised Xperi from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th.

Xperi Stock Performance

XPER stock opened at $6.22 on Thursday. The firm has a fifty day moving average price of $7.39 and a 200 day moving average price of $7.74. The firm has a market cap of $282.89 million, a PE ratio of -3.27 and a beta of 1.26. Xperi Inc. has a fifty-two week low of $5.68 and a fifty-two week high of $11.07.

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.

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