Two Sigma Investments LP Invests $1.34 Million in Xperi Inc. (NASDAQ:XPER)

Two Sigma Investments LP bought a new position in shares of Xperi Inc. (NASDAQ:XPER - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 130,431 shares of the semiconductor company's stock, valued at approximately $1,340,000. Two Sigma Investments LP owned about 0.29% of Xperi as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of XPER. CenterBook Partners LP acquired a new stake in shares of Xperi in the 4th quarter worth about $6,861,000. JPMorgan Chase & Co. grew its position in Xperi by 78.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,519,100 shares of the semiconductor company's stock worth $15,601,000 after purchasing an additional 666,226 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in Xperi in the 4th quarter worth about $3,502,000. Connor Clark & Lunn Investment Management Ltd. grew its position in Xperi by 66.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 596,247 shares of the semiconductor company's stock worth $6,123,000 after purchasing an additional 238,687 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Xperi during the 4th quarter valued at approximately $1,577,000. Institutional investors own 94.28% of the company's stock.

Xperi Stock Performance

Shares of XPER stock traded up $0.25 on Friday, hitting $7.84. 233,993 shares of the company's stock traded hands, compared to its average volume of 477,645. The stock has a market capitalization of $356.63 million, a price-to-earnings ratio of -4.12 and a beta of 1.30. Xperi Inc. has a one year low of $6.29 and a one year high of $11.08. The company's fifty day simple moving average is $7.37 and its 200 day simple moving average is $8.52.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on XPER shares. BWS Financial reissued a "top pick" rating and set a $30.00 target price on shares of Xperi in a research report on Thursday, May 8th. Wall Street Zen upgraded 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 issued a $15.00 target price on shares of Xperi in a research note on Thursday, February 27th.

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.