Xperi Inc. (NASDAQ:XPER) Position Increased by Squarepoint Ops LLC

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

Several other institutional investors and hedge funds have also made changes to their positions in the stock. BNP Paribas Financial Markets bought a new stake in Xperi during the fourth quarter worth approximately $56,000. LPL Financial LLC bought a new position in Xperi during the 4th quarter valued at $115,000. Corton Capital Inc. acquired a new position in shares of Xperi during the 4th quarter valued at $127,000. ProShare Advisors LLC bought a new stake in shares of Xperi in the 4th quarter worth $132,000. Finally, Two Sigma Advisers LP lifted its holdings in shares of 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 buying an additional 2,300 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Xperi Price Performance

Shares of NASDAQ:XPER traded up $0.24 on Tuesday, reaching $7.89. 285,604 shares of the company traded hands, compared to its average volume of 479,447. The stock has a market capitalization of $359.32 million, a PE ratio of -4.15 and a beta of 1.29. The company's 50 day moving average is $7.38 and its 200-day moving average is $8.54. Xperi Inc. has a fifty-two week low of $6.29 and a fifty-two week high of $11.08.

Wall Street Analyst Weigh In

XPER has been the subject of several research reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $15.00 target price on shares of Xperi in a research note on Thursday, February 27th. Wall Street Zen upgraded shares of Xperi from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Finally, BWS Financial reiterated a "top pick" rating and issued a $30.00 target price on shares of Xperi in a report on Thursday, May 8th.

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.