Nuveen LLC Acquires New Position in Xperi Inc. $XPER

Nuveen LLC acquired a new position in shares of Xperi Inc. (NASDAQ:XPER - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 114,132 shares of the semiconductor company's stock, valued at approximately $881,000. Nuveen LLC owned about 0.25% of Xperi as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in XPER. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in 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 worth $264,000 after purchasing an additional 1,140 shares during the period. Two Sigma Advisers LP raised its stake in Xperi by 18.9% in the fourth quarter. Two Sigma Advisers LP now owns 14,500 shares of the semiconductor company's stock valued at $149,000 after purchasing an additional 2,300 shares in the last quarter. Virtus Fund Advisers LLC purchased a new stake in Xperi in the fourth quarter valued at approximately $43,000. New York State Common Retirement Fund raised its stake in Xperi by 140.5% in the first quarter. New York State Common Retirement Fund now owns 8,900 shares of the semiconductor company's stock valued at $69,000 after purchasing an additional 5,200 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of Xperi during the fourth quarter worth approximately $56,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. BWS Financial downgraded shares of Xperi from a "strong-buy" rating to a "moderate buy" rating and decreased their price target for the stock from $30.00 to $12.00 in a research note on Tuesday, July 29th. Wall Street Zen upgraded shares of Xperi from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Finally, Rosenblatt Securities restated a "buy" rating and set a $15.00 target price on shares of Xperi in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $13.50.

Xperi Stock Performance

Shares of NASDAQ XPER traded up $0.11 during midday trading on Friday, hitting $6.13. 422,009 shares of the company's stock traded hands, compared to its average volume of 363,333. Xperi Inc. has a 1 year low of $5.68 and a 1 year high of $11.07. The stock has a market capitalization of $283.53 million, a price-to-earnings ratio of -3.23 and a beta of 1.26. The firm has a fifty day moving average of $6.77 and a 200 day moving average of $7.36.

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.