114,132 Shares in Xperi Inc. $XPER Bought by Nuveen LLC

Nuveen LLC acquired a new position in shares of Xperi Inc. (NASDAQ:XPER - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 114,132 shares of the semiconductor company's stock, valued at approximately $881,000. Nuveen LLC owned approximately 0.25% of Xperi at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wells Fargo & Company MN boosted its stake in Xperi by 27.0% in the fourth quarter. Wells Fargo & Company MN now owns 29,115 shares of the semiconductor company's stock valued at $299,000 after acquiring an additional 6,197 shares during the last quarter. Raymond James Financial Inc. bought a new position in Xperi in the fourth quarter valued at approximately $658,000. Dimensional Fund Advisors LP boosted its stake in Xperi by 3.0% in 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 acquiring an additional 43,576 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Xperi by 21.0% in the fourth quarter. MetLife Investment Management LLC now owns 33,369 shares of the semiconductor company's stock valued at $343,000 after acquiring an additional 5,797 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Xperi by 5.9% in the fourth quarter. Northern Trust Corp now owns 413,013 shares of the semiconductor company's stock valued at $4,242,000 after acquiring an additional 22,947 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Xperi Stock Up 1.8%

Shares of NASDAQ:XPER traded up $0.11 during midday trading on Friday, reaching $6.13. 422,009 shares of the company were exchanged, compared to its average volume of 363,333. Xperi Inc. has a fifty-two week low of $5.68 and a fifty-two week high of $11.07. The stock has a fifty day simple moving average of $6.80 and a two-hundred day simple moving average of $7.40. The firm has a market cap of $283.53 million, a PE ratio of -3.23 and a beta of 1.26.

Analysts Set New Price Targets

A number of equities analysts have issued reports on XPER shares. Wall Street Zen raised shares of Xperi from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. 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. Finally, BWS Financial lowered shares of Xperi from a "strong-buy" rating to a "moderate buy" rating and cut their target price for the stock from $30.00 to $12.00 in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $13.50.

Xperi 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.