Maven Securities LTD Buys 55,782 Shares of Xperi Inc. $XPER

Key Points

• Maven Securities LTD has significantly increased its stake in Xperi Inc., now owning 85,782 shares after acquiring an additional 55,782 shares, resulting in a 185.9% increase in holdings.
• Institutional investors currently hold a majority of Xperi shares, with ownership reaching 94.28%, indicating strong institutional interest in the semiconductor company.
• Wall Street analysts have mixed views on Xperi, with ratings ranging from a "buy" to a "moderate buy," and a consensus price target of $13.50 as of the latest reports.

Maven Securities LTD lifted its stake in Xperi Inc. (NASDAQ:XPER - Free Report) by 185.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,782 shares of the semiconductor company's stock after buying an additional 55,782 shares during the quarter. Maven Securities LTD owned approximately 0.19% of Xperi worth $662,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Xperi by 3.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 68,790 shares of the semiconductor company's stock worth $531,000 after buying an additional 2,300 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Xperi by 11.0% in the first quarter. Wellington Management Group LLP now owns 2,091,742 shares of the semiconductor company's stock worth $16,148,000 after buying an additional 207,810 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Xperi by 11.2% in the first quarter. American Century Companies Inc. now owns 107,513 shares of the semiconductor company's stock worth $830,000 after buying an additional 10,862 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new position in shares of Xperi in the first quarter worth $260,000. Finally, Nuveen LLC purchased a new position in shares of Xperi in the first quarter worth $881,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Wall Street Analysts Forecast Growth

XPER has been the subject of a number of research reports. Rosenblatt Securities reiterated a "buy" rating and set a $15.00 target price on shares of Xperi in a research report on Tuesday, July 29th. BWS Financial lowered shares of Xperi from a "strong-buy" rating to a "moderate buy" rating and cut their target price for the company from $30.00 to $12.00 in a report on Tuesday, July 29th. Finally, Wall Street Zen raised shares of Xperi from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $13.50.

Xperi Trading Up 3.8%

Shares of NASDAQ XPER traded up $0.2250 during trading hours on Friday, hitting $6.1950. 507,119 shares of the company traded hands, compared to its average volume of 355,648. The stock has a market capitalization of $286.58 million, a price-to-earnings ratio of -3.26 and a beta of 1.26. The company's 50 day moving average price is $7.13 and its 200 day moving average price is $7.60. Xperi Inc. has a 12 month low of $5.68 and a 12 month high of $11.07.

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.