Trexquant Investment LP Makes New Investment in Xperi Inc. $XPER

Trexquant Investment LP bought a new position in Xperi Inc. (NASDAQ:XPER - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 56,259 shares of the semiconductor company's stock, valued at approximately $434,000. Trexquant Investment LP owned about 0.12% of Xperi as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Virtus Fund Advisers LLC acquired a new stake in shares of Xperi in the fourth quarter valued at about $43,000. BNP Paribas Financial Markets bought a new position in Xperi during the fourth quarter worth about $56,000. New York State Common Retirement Fund grew its holdings in shares of 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 worth $69,000 after purchasing an additional 5,200 shares during the last quarter. ProShare Advisors LLC bought a new stake in shares of Xperi during the fourth quarter worth $132,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Xperi in the 1st quarter worth approximately $105,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on XPER shares. BWS Financial lowered shares of Xperi from a "strong-buy" rating to a "moderate buy" rating and lowered their target price for the stock from $30.00 to $12.00 in a report on Tuesday, July 29th. Wall Street Zen raised shares of Xperi from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $15.00 price objective on shares of Xperi in a report on Tuesday, July 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $13.50.

Xperi Price Performance

Shares of NASDAQ:XPER opened at $6.14 on Tuesday. The company's 50 day simple moving average is $6.73 and its 200 day simple moving average is $7.34. The stock has a market capitalization of $283.81 million, a price-to-earnings ratio of -3.23 and a beta of 1.26. Xperi Inc. has a 1 year low of $5.68 and a 1 year high of $11.07.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.