Vanguard Group Inc. Buys 53,159 Shares of Xperi Inc. $XPER

Key Points

• Vanguard Group Inc. increased its shareholding in Xperi Inc. by 1.5%, now owning 3,707,411 shares worth $28.6 million following the acquisition of 53,159 additional shares.
• Institutional investors collectively hold approximately 94.28% of Xperi's stock, indicating a strong institutional interest in the company.
• Xperi's stock is currently rated as a "Buy" by analysts, with a consensus price target of $13.50, indicating potential for future growth.

Vanguard Group Inc. lifted its stake in Xperi Inc. (NASDAQ:XPER - Free Report) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,707,411 shares of the semiconductor company's stock after acquiring an additional 53,159 shares during the quarter. Vanguard Group Inc. owned approximately 8.14% of Xperi worth $28,621,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of XPER. LPL Financial LLC acquired a new stake in shares of Xperi in the fourth quarter valued at about $115,000. Wells Fargo & Company MN increased its position in Xperi by 27.0% during the fourth quarter. Wells Fargo & Company MN now owns 29,115 shares of the semiconductor company's stock worth $299,000 after buying an additional 6,197 shares during the last quarter. Invesco Ltd. increased its position in Xperi by 1.4% during the fourth quarter. Invesco Ltd. now owns 87,467 shares of the semiconductor company's stock worth $898,000 after buying an additional 1,183 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Xperi during the fourth quarter worth approximately $658,000. Finally, Dimensional Fund Advisors LP increased its position in Xperi by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,477,350 shares of the semiconductor company's stock worth $15,172,000 after buying an additional 43,576 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Xperi Stock Performance

Shares of XPER stock traded down $0.02 during trading on Monday, hitting $6.03. The company had a trading volume of 558,148 shares, compared to its average volume of 362,009. The firm has a market capitalization of $278.72 million, a P/E ratio of -3.17 and a beta of 1.26. The stock's 50-day moving average price is $6.96 and its 200 day moving average price is $7.47. Xperi Inc. has a one year low of $5.68 and a one year high of $11.07.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on XPER. Rosenblatt Securities reissued a "buy" rating and set a $15.00 price target on shares of Xperi in a research report on Tuesday, July 29th. BWS Financial cut Xperi from a "strong-buy" rating to a "moderate buy" rating and reduced their price objective for the stock from $30.00 to $12.00 in a report on Tuesday, July 29th. Finally, Wall Street Zen upgraded Xperi from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $13.50.

About Xperi

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.