Wellington Management Group LLP Buys 207,810 Shares of Xperi Inc. $XPER

Key Points

• Wellington Management Group LLP increased its stake in Xperi Inc. by 11.0%, owning approximately 2,091,742 shares worth $16.15 million after acquiring 207,810 additional shares.
• Institutional investors collectively own 94.28% of Xperi's stock, with several hedge funds increasing their positions in the company during the last quarter.
• Xperi Inc. shares have recently dropped 3.2%, and currently trade at $6.02, with a market cap of approximately $278.49 million.

Wellington Management Group LLP lifted its holdings in shares of Xperi Inc. (NASDAQ:XPER - Free Report) by 11.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,091,742 shares of the semiconductor company's stock after purchasing an additional 207,810 shares during the period. Wellington Management Group LLP owned about 4.60% of Xperi worth $16,148,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new position in shares of Xperi during the 4th quarter valued at $56,000. Y Intercept Hong Kong Ltd bought a new position in shares of Xperi during the 1st quarter valued at $105,000. Deutsche Bank AG grew its holdings in shares of Xperi by 64.0% during the 4th quarter. Deutsche Bank AG now owns 44,652 shares of the semiconductor company's stock valued at $459,000 after purchasing an additional 17,419 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of Xperi by 18.9% during the 4th quarter. Two Sigma Advisers LP now owns 14,500 shares of the semiconductor company's stock valued at $149,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Man Group plc bought a new position in shares of Xperi during the 4th quarter valued at $362,000. Institutional investors own 94.28% of the company's stock.

Wall Street Analysts Forecast Growth

XPER has been the topic of several recent research reports. Wall Street Zen raised shares of Xperi from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Rosenblatt Securities reissued a "buy" rating and issued a $15.00 price target on shares of Xperi in a report on Tuesday, July 29th. Finally, BWS Financial lowered shares of Xperi from a "strong-buy" rating to a "moderate buy" rating and cut their price target for the stock from $30.00 to $12.00 in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $13.50.

Xperi Stock Down 0.2%

Shares of XPER traded down $0.02 during trading hours on Friday, reaching $6.03. 558,148 shares of the company traded hands, compared to its average volume of 362,009. The company's fifty day moving average price is $6.96 and its two-hundred day moving average price is $7.49. The company has a market capitalization of $278.72 million, a price-to-earnings ratio of -3.17 and a beta of 1.26. Xperi Inc. has a 12 month low of $5.68 and a 12 month high of $11.07.

Xperi 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.