Raymond James Financial Inc. Purchases Shares of 64,073 Xperi Inc. (NASDAQ:XPER)

Raymond James Financial Inc. purchased a new position in shares of Xperi Inc. (NASDAQ:XPER - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 64,073 shares of the semiconductor company's stock, valued at approximately $658,000. Raymond James Financial Inc. owned about 0.14% of Xperi at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of XPER. Invesco Ltd. increased its holdings in shares of Xperi by 1.4% in the 4th quarter. Invesco Ltd. now owns 87,467 shares of the semiconductor company's stock worth $898,000 after buying an additional 1,183 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in Xperi by 13.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,098 shares of the semiconductor company's stock valued at $104,000 after purchasing an additional 1,197 shares during the last quarter. Rhumbline Advisers grew its holdings in Xperi by 3.1% during the 4th quarter. Rhumbline Advisers now owns 73,905 shares of the semiconductor company's stock valued at $759,000 after purchasing an additional 2,253 shares during the last quarter. Geode Capital Management LLC grew its holdings in Xperi by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 1,046,813 shares of the semiconductor company's stock valued at $10,754,000 after purchasing an additional 3,392 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Xperi by 4.9% during the 4th quarter. Franklin Resources Inc. now owns 79,421 shares of the semiconductor company's stock valued at $816,000 after purchasing an additional 3,738 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Xperi Stock Performance

NASDAQ:XPER traded up $0.30 during midday trading on Monday, reaching $8.40. 454,787 shares of the stock traded hands, compared to its average volume of 481,255. Xperi Inc. has a 12-month low of $6.29 and a 12-month high of $11.08. The business has a 50-day moving average of $7.38 and a two-hundred day moving average of $8.65. The stock has a market capitalization of $382.12 million, a PE ratio of -4.42 and a beta of 1.29.

Analyst Ratings Changes

Several equities analysts recently commented on XPER shares. BWS Financial reiterated a "top pick" rating and set a $30.00 price target on shares of Xperi in a report on Thursday. StockNews.com downgraded shares of Xperi from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Rosenblatt Securities restated a "buy" rating and issued a $15.00 target price on shares of Xperi in a research note 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.