Wellington Management Group LLP Raises Stake in Xperi Inc. (NASDAQ:XPER)

Wellington Management Group LLP increased its stake in shares of Xperi Inc. (NASDAQ:XPER - Free Report) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,883,932 shares of the semiconductor company's stock after purchasing an additional 53,392 shares during the quarter. Wellington Management Group LLP owned approximately 4.14% of Xperi worth $19,348,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Xperi by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 3,654,252 shares of the semiconductor company's stock valued at $37,529,000 after buying an additional 74,668 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Xperi by 6.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,861,658 shares of the semiconductor company's stock worth $19,119,000 after acquiring an additional 116,220 shares in the last quarter. JPMorgan Chase & Co. raised its stake 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 acquiring an additional 666,226 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 acquiring an additional 43,576 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Xperi by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 1,046,813 shares of the semiconductor company's stock valued at $10,754,000 after acquiring an additional 3,392 shares in the last quarter. Institutional investors own 94.28% of the company's stock.

Xperi Stock Down 0.4%

Shares of XPER traded down $0.03 during trading hours on Wednesday, reaching $7.86. 196,406 shares of the company traded hands, compared to its average volume of 477,791. The business has a fifty day moving average price of $7.38 and a 200-day moving average price of $8.53. 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 $357.77 million, a P/E ratio of -4.14 and a beta of 1.29.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wall Street Zen upgraded Xperi from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. BWS Financial reissued a "top pick" rating and issued a $30.00 price target on shares of Xperi in a report on Thursday, May 8th. Finally, Rosenblatt Securities restated a "buy" rating and set a $15.00 price objective on shares of Xperi in a report on Thursday, February 27th.

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.