Two Sigma Investments LP Acquires New Position in Xperi Inc. (NASDAQ:XPER)

Two Sigma Investments LP acquired a new position in shares of Xperi Inc. (NASDAQ:XPER - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 130,431 shares of the semiconductor company's stock, valued at approximately $1,340,000. Two Sigma Investments LP owned approximately 0.29% of Xperi at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new stake in shares of Xperi during the 4th quarter valued at about $56,000. LPL Financial LLC acquired a new stake in Xperi in the fourth quarter valued at approximately $115,000. Corton Capital Inc. acquired a new stake in Xperi in the fourth quarter valued at approximately $127,000. ProShare Advisors LLC purchased a new stake in shares of Xperi during the fourth quarter valued at approximately $132,000. Finally, Nokomis Capital L.L.C. acquired a new position in shares of Xperi during the fourth quarter worth $177,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Wall Street Analyst Weigh In

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

Xperi Stock Performance

Shares of XPER stock traded up $0.25 during mid-day trading on Friday, reaching $7.84. 233,992 shares of the company were exchanged, compared to its average volume of 476,489. Xperi Inc. has a fifty-two week low of $6.29 and a fifty-two week high of $11.08. The company has a market capitalization of $356.63 million, a P/E ratio of -4.12 and a beta of 1.30. The business's 50 day simple moving average is $7.37 and its 200 day simple moving average is $8.52.

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.