Squarepoint Ops LLC Grows Stock Position in Xperi Inc. (NASDAQ:XPER)

Squarepoint Ops LLC boosted its stake in Xperi Inc. (NASDAQ:XPER - Free Report) by 469.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,893 shares of the semiconductor company's stock after buying an additional 74,936 shares during the period. Squarepoint Ops LLC owned 0.20% of Xperi worth $933,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Xperi by 4.6% during 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 buying an additional 1,140 shares during the last quarter. Invesco Ltd. lifted its holdings in Xperi by 1.4% in the 4th quarter. Invesco Ltd. now owns 87,467 shares of the semiconductor company's stock worth $898,000 after purchasing an additional 1,183 shares during the last quarter. Nebula Research & Development LLC lifted its holdings in Xperi by 10.1% in the 4th quarter. Nebula Research & Development LLC now owns 22,972 shares of the semiconductor company's stock worth $236,000 after purchasing an additional 2,104 shares during the last quarter. Rhumbline Advisers lifted its holdings in Xperi by 3.1% in the 4th quarter. Rhumbline Advisers now owns 73,905 shares of the semiconductor company's stock worth $759,000 after purchasing an additional 2,253 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in Xperi by 18.9% in the 4th quarter. Two Sigma Advisers LP now owns 14,500 shares of the semiconductor company's stock worth $149,000 after purchasing an additional 2,300 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on XPER. Rosenblatt Securities reaffirmed a "buy" rating and issued a $15.00 price target on shares of Xperi in a research report on Thursday, February 27th. Wall Street Zen upgraded Xperi from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Finally, BWS Financial restated a "top pick" rating and set a $30.00 price objective on shares of Xperi in a research report on Thursday, May 8th.

Xperi Price Performance

XPER stock traded down $0.26 during mid-day trading on Thursday, reaching $7.60. The company had a trading volume of 235,556 shares, compared to its average volume of 477,459. The stock has a 50 day simple moving average of $7.38 and a two-hundred day simple moving average of $8.53. The company has a market capitalization of $346.07 million, a price-to-earnings ratio of -4.00 and a beta of 1.29. Xperi Inc. has a 52 week low of $6.29 and a 52 week high of $11.08.

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.