Xperi Inc. $XPER Shares Purchased by Maven Securities LTD

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

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XPER. LPL Financial LLC purchased a new stake in Xperi in the fourth quarter valued at about $115,000. Geode Capital Management LLC raised 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 buying an additional 3,392 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Xperi by 27.0% in the 4th quarter. Wells Fargo & Company MN now owns 29,115 shares of the semiconductor company's stock valued at $299,000 after acquiring an additional 6,197 shares during the period. Invesco Ltd. increased its position in shares of Xperi by 1.4% in the 4th quarter. Invesco Ltd. now owns 87,467 shares of the semiconductor company's stock valued at $898,000 after acquiring an additional 1,183 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Xperi in the 4th quarter valued at $658,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Xperi Price Performance

XPER stock traded up $0.1150 during trading on Monday, hitting $6.3250. 371,094 shares of the company traded hands, compared to its average volume of 355,612. The stock's 50-day simple moving average is $7.13 and its 200 day simple moving average is $7.58. The company has a market cap of $292.59 million, a PE ratio of -3.33 and a beta of 1.26. Xperi Inc. has a 1 year low of $5.68 and a 1 year high of $11.07.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on XPER. Rosenblatt Securities reissued a "buy" rating and issued a $15.00 target price on shares of Xperi in a research report on Tuesday, July 29th. BWS Financial downgraded 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 research report on Tuesday, July 29th. Finally, Wall Street Zen raised Xperi from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus 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.