Royce & Associates LP Acquires New Position in Xperi Inc. (NASDAQ:XPER)

Royce & Associates LP acquired a new stake in shares of Xperi Inc. (NASDAQ:XPER - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 393,233 shares of the semiconductor company's stock, valued at approximately $3,036,000. Royce & Associates LP owned approximately 0.86% of Xperi as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Virtus Fund Advisers LLC bought a new position in Xperi during the fourth quarter valued at approximately $43,000. BNP Paribas Financial Markets bought a new position in Xperi during the fourth quarter valued at approximately $56,000. New York State Common Retirement Fund raised its position in Xperi by 140.5% during 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 acquiring an additional 5,200 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Xperi during the first quarter valued at approximately $105,000. Finally, LPL Financial LLC bought a new position in Xperi during the fourth quarter valued at approximately $115,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Xperi Stock Down 0.3%

Shares of XPER stock opened at $7.53 on Monday. Xperi Inc. has a 12 month low of $6.29 and a 12 month high of $11.07. The business's 50 day moving average is $7.84 and its two-hundred day moving average is $7.99. The company has a market cap of $342.52 million, a PE ratio of -3.96 and a beta of 1.28.

Wall Street Analysts Forecast Growth

XPER has been the topic of several recent research reports. BWS Financial reaffirmed a "top pick" rating and set a $30.00 price objective on shares of Xperi in a research report on Thursday, May 8th. Wall Street Zen raised shares of Xperi from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th.

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.

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