D. E. Shaw & Co. Inc. Buys 125,021 Shares of Xperi Inc. (NASDAQ:XPER)

D. E. Shaw & Co. Inc. increased its position in shares of Xperi Inc. (NASDAQ:XPER - Free Report) by 19.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 758,210 shares of the semiconductor company's stock after acquiring an additional 125,021 shares during the period. D. E. Shaw & Co. Inc. owned approximately 1.69% of Xperi worth $7,787,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. grew its stake 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 purchasing an additional 1,183 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Xperi by 13.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,098 shares of the semiconductor company's stock worth $104,000 after acquiring an additional 1,197 shares in the last quarter. Nebula Research & Development LLC grew its holdings in shares of Xperi by 10.1% in the 4th quarter. Nebula Research & Development LLC now owns 22,972 shares of the semiconductor company's stock worth $236,000 after acquiring an additional 2,104 shares during the last quarter. Rhumbline Advisers raised its position in shares of Xperi by 3.1% during the fourth quarter. Rhumbline Advisers now owns 73,905 shares of the semiconductor company's stock worth $759,000 after purchasing an additional 2,253 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Xperi by 0.3% during 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 purchasing an additional 3,392 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Rosenblatt Securities restated a "buy" rating and set a $15.00 price objective on shares of Xperi in a report on Thursday, February 27th. StockNews.com raised shares of Xperi from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, BWS Financial reissued a "top pick" rating and set a $30.00 target price on shares of Xperi in a research note on Thursday, May 8th.

Xperi Stock Performance

Shares of XPER stock traded down $0.03 during trading on Wednesday, hitting $8.04. 37,784 shares of the company were exchanged, compared to its average volume of 482,353. The business's 50-day simple moving average is $7.42 and its 200 day simple moving average is $8.60. Xperi Inc. has a twelve month low of $6.29 and a twelve month high of $11.08. The firm has a market capitalization of $365.74 million, a price-to-earnings ratio of -4.23 and a beta of 1.29.

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.