Raymond James Financial Inc. Acquires New Stake in Xperi Inc. (NASDAQ:XPER)

Raymond James Financial Inc. bought a new stake in shares of Xperi Inc. (NASDAQ:XPER - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 64,073 shares of the semiconductor company's stock, valued at approximately $658,000. Raymond James Financial Inc. owned 0.14% of Xperi at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of Xperi by 197.0% in the 3rd quarter. Barclays PLC now owns 69,991 shares of the semiconductor company's stock valued at $646,000 after buying an additional 46,426 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of Xperi by 13.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 10,098 shares of the semiconductor company's stock valued at $104,000 after buying an additional 1,197 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Xperi by 8.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 794,782 shares of the semiconductor company's stock valued at $8,162,000 after buying an additional 61,610 shares during the period. Rhumbline Advisers boosted its stake in shares of Xperi by 3.1% in the 4th quarter. Rhumbline Advisers now owns 73,905 shares of the semiconductor company's stock valued at $759,000 after buying an additional 2,253 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Xperi by 12.2% in the 3rd quarter. Franklin Resources Inc. now owns 75,683 shares of the semiconductor company's stock valued at $669,000 after buying an additional 8,254 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Xperi Stock Performance

XPER traded down $0.05 during trading on Tuesday, hitting $8.31. The stock had a trading volume of 104,886 shares, compared to its average volume of 481,213. The firm has a market capitalization of $378.25 million, a P/E ratio of -4.37 and a beta of 1.29. The company's 50-day moving average price is $7.38 and its 200 day moving average price is $8.64. Xperi Inc. has a twelve month low of $6.29 and a twelve month high of $11.08.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on XPER. StockNews.com cut Xperi from a "buy" rating to a "hold" rating in a research note on Friday. Rosenblatt Securities restated a "buy" rating and set a $15.00 target price on shares of Xperi in a research note on Thursday, February 27th. Finally, BWS Financial reaffirmed a "top pick" rating and set a $30.00 price target on shares of Xperi in a research report on Thursday, May 8th.

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.