Xperi Inc. (NASDAQ:XPER) Shares Sold by Marshall Wace LLP

Marshall Wace LLP trimmed its holdings in Xperi Inc. (NASDAQ:XPER - Free Report) by 77.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,666 shares of the semiconductor company's stock after selling 35,706 shares during the period. Marshall Wace LLP's holdings in Xperi were worth $110,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Xperi by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 3,654,252 shares of the semiconductor company's stock worth $37,529,000 after purchasing an additional 74,668 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Xperi by 2.9% in the fourth quarter. Wellington Management Group LLP now owns 1,883,932 shares of the semiconductor company's stock worth $19,348,000 after acquiring an additional 53,392 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Xperi by 78.1% in the fourth 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 during the last quarter. Geode Capital Management LLC boosted its position in shares of Xperi by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 1,046,813 shares of the semiconductor company's stock worth $10,754,000 after acquiring an additional 3,392 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Xperi by 8.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 794,782 shares of the semiconductor company's stock worth $8,162,000 after acquiring an additional 61,610 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Xperi Stock Performance

Shares of XPER stock traded up $0.26 during mid-day trading on Monday, reaching $8.36. 29,248 shares of the company were exchanged, compared to its average volume of 479,694. Xperi Inc. has a fifty-two week low of $6.29 and a fifty-two week high of $11.08. The company has a market capitalization of $380.30 million, a P/E ratio of -4.38 and a beta of 1.29. The business's 50 day simple moving average is $7.38 and its 200 day simple moving average is $8.65.

Wall Street Analysts Forecast Growth

XPER has been the topic of several research analyst reports. StockNews.com cut shares of Xperi from a "buy" rating to a "hold" rating in a research report on Friday. BWS Financial restated a "top pick" rating and issued a $30.00 price target on shares of Xperi in a report on Thursday. Finally, Rosenblatt Securities restated a "buy" rating and issued a $15.00 price target on shares of Xperi in a report on Thursday, February 27th.

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.