Wellington Management Group LLP Acquires 53,392 Shares of Xperi Inc. (NASDAQ:XPER)

Wellington Management Group LLP raised its holdings in Xperi Inc. (NASDAQ:XPER - Free Report) by 2.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,883,932 shares of the semiconductor company's stock after buying an additional 53,392 shares during the period. Wellington Management Group LLP owned about 4.14% of Xperi worth $19,348,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. CenterBook Partners LP bought a new position in Xperi during the 4th quarter worth $6,861,000. JPMorgan Chase & Co. grew its position in shares of Xperi by 78.1% during 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 position in shares of Xperi during the fourth quarter worth approximately $3,502,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Xperi by 66.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 596,247 shares of the semiconductor company's stock valued at $6,123,000 after buying an additional 238,687 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Xperi in the fourth quarter valued at approximately $1,577,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Xperi Stock Performance

Shares of XPER traded down $0.05 during trading hours on Wednesday, reaching $7.84. The stock had a trading volume of 66,584 shares, compared to its average volume of 477,475. Xperi Inc. has a 12 month low of $6.29 and a 12 month high of $11.08. The stock has a market capitalization of $356.86 million, a PE ratio of -4.13 and a beta of 1.29. The company's 50-day moving average is $7.38 and its two-hundred day moving average is $8.53.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on XPER. BWS Financial reissued a "top pick" rating and set a $30.00 price target on shares of Xperi in a research report on Thursday, May 8th. Rosenblatt Securities reissued a "buy" rating and set a $15.00 target price on shares of Xperi in a report on Thursday, February 27th. Finally, Wall Street Zen raised Xperi from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th.

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.