Xperi Inc. $XPER Stake Increased by Vanguard Group Inc.

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. raised its holdings in shares of 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 Securities & Exchange Commission. The institutional investor owned 3,707,411 shares of the semiconductor company's stock after buying an additional 53,159 shares during the period. Vanguard Group Inc. owned about 8.14% of Xperi worth $28,621,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP lifted its position in Xperi by 2.9% during the fourth quarter. Wellington Management Group LLP now owns 1,883,932 shares of the semiconductor company's stock valued at $19,348,000 after buying an additional 53,392 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Xperi by 6.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,861,658 shares of the semiconductor company's stock valued at $19,119,000 after buying an additional 116,220 shares in the last quarter. Dimensional Fund Advisors LP lifted 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 valued at $15,172,000 after buying an additional 43,576 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Xperi by 2.4% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 822,243 shares of the semiconductor company's stock valued at $8,444,000 after buying an additional 19,507 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its position in Xperi by 19.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 758,210 shares of the semiconductor company's stock valued at $7,787,000 after buying an additional 125,021 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Xperi Stock Down 1.8%

Shares of NASDAQ XPER traded down $0.11 during trading on Tuesday, reaching $5.89. 419,985 shares of the stock were exchanged, compared to its average volume of 362,358. The business's 50-day moving average price is $6.88 and its 200 day moving average price is $7.43. The company has a market capitalization of $272.47 million, a price-to-earnings ratio of -3.10 and a beta of 1.26. Xperi Inc. has a twelve month low of $5.68 and a twelve month high of $11.07.

Analyst Upgrades and Downgrades

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