Nuveen Asset Management LLC Boosts Stake in Xperi Inc. (NASDAQ:XPER)

Nuveen Asset Management LLC lifted its stake in Xperi Inc. (NASDAQ:XPER - Free Report) by 16.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 359,242 shares of the semiconductor company's stock after acquiring an additional 51,780 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.80% of Xperi worth $3,689,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Xperi by 4.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,742 shares of the semiconductor company's stock valued at $264,000 after purchasing an additional 1,140 shares during the period. Invesco Ltd. lifted its stake in shares of Xperi by 1.4% in the 4th quarter. Invesco Ltd. now owns 87,467 shares of the semiconductor company's stock valued at $898,000 after acquiring an additional 1,183 shares during the last quarter. Nebula Research & Development LLC raised its position in 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 purchasing an additional 2,104 shares during the last quarter. Rhumbline Advisers boosted its position in Xperi by 3.1% during the 4th quarter. Rhumbline Advisers now owns 73,905 shares of the semiconductor company's stock worth $759,000 after buying an additional 2,253 shares during the period. Finally, Geode Capital Management LLC grew its stake 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 and hedge funds own 94.28% of the company's stock.

Xperi Price Performance

XPER stock traded up $0.24 during midday trading on Tuesday, reaching $7.89. The company had a trading volume of 285,604 shares, compared to its average volume of 479,447. The firm has a 50-day moving average price of $7.38 and a 200-day moving average price of $8.54. The company has a market capitalization of $359.32 million, a P/E ratio of -4.15 and a beta of 1.29. Xperi Inc. has a 1 year low of $6.29 and a 1 year high of $11.08.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. BWS Financial reissued a "top pick" rating and set a $30.00 target price on shares of Xperi in a research note on Thursday, May 8th. Rosenblatt Securities restated a "buy" rating and set a $15.00 price target on shares of Xperi in a research note 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.

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.