The Manufacturers Life Insurance Company Raises Stock Holdings in Xperi Inc. (NASDAQ:XPER)

The Manufacturers Life Insurance Company boosted its position in Xperi Inc. (NASDAQ:XPER - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,861,658 shares of the semiconductor company's stock after purchasing an additional 116,220 shares during the period. The Manufacturers Life Insurance Company owned approximately 4.15% of Xperi worth $19,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Xperi by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 3,654,252 shares of the semiconductor company's stock valued at $37,529,000 after buying an additional 74,668 shares in the last quarter. Wellington Management Group LLP increased its holdings in Xperi by 2.9% during the 4th quarter. Wellington Management Group LLP now owns 1,883,932 shares of the semiconductor company's stock worth $19,348,000 after purchasing an additional 53,392 shares during the period. JPMorgan Chase & Co. raised its position in Xperi by 78.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,519,100 shares of the semiconductor company's stock valued at $15,601,000 after purchasing an additional 666,226 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Xperi by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,477,350 shares of the semiconductor company's stock worth $15,172,000 after buying an additional 43,576 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Xperi by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 1,046,813 shares of the semiconductor company's stock worth $10,754,000 after buying an additional 3,392 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

Xperi Stock Performance

XPER stock traded up $0.85 during midday trading on Thursday, reaching $7.80. 245,850 shares of the company were exchanged, compared to its average volume of 477,618. The stock's 50-day simple moving average is $7.38 and its 200 day simple moving average is $8.68. The company has a market cap of $355.18 million, a price-to-earnings ratio of -4.10 and a beta of 1.29. Xperi Inc. has a 1-year low of $6.29 and a 1-year high of $11.08.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on XPER. BWS Financial restated a "top pick" rating and set a $30.00 target price on shares of Xperi in a report on Thursday. StockNews.com upgraded shares of Xperi from a "hold" rating to a "buy" rating in a report on Thursday, March 27th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $15.00 price objective on shares of Xperi in a research report on Thursday, February 27th.

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.