Fmr LLC Has $3.36 Million Stock Holdings in Xperi Inc. (NASDAQ:XPER)

Fmr LLC raised its holdings in shares of Xperi Inc. (NASDAQ:XPER) by 180.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 363,671 shares of the semiconductor company’s stock after purchasing an additional 233,987 shares during the quarter. Fmr LLC owned approximately 0.81% of Xperi worth $3,360,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. West Tower Group LLC raised its stake in Xperi by 91.3% in the third quarter. West Tower Group LLC now owns 13,268 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 6,331 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Xperi by 9.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 492,166 shares of the semiconductor company’s stock valued at $4,548,000 after purchasing an additional 42,396 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its stake in Xperi by 379.0% in the third quarter. Thompson Siegel & Walmsley LLC now owns 152,876 shares of the semiconductor company’s stock valued at $1,413,000 after purchasing an additional 120,962 shares in the last quarter. Intech Investment Management LLC acquired a new position in Xperi in the third quarter valued at about $121,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Xperi by 108.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 357,560 shares of the semiconductor company’s stock valued at $3,304,000 after purchasing an additional 186,066 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on XPER. StockNews.com downgraded Xperi from a “buy” rating to a “hold” rating in a research note on Thursday, September 12th. BWS Financial reaffirmed a “top pick” rating and issued a $30.00 price target on shares of Xperi in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $19.00.

Xperi Stock Up 2.8 %

Shares of XPER opened at $10.72 on Friday. Xperi Inc. has a 12-month low of $6.89 and a 12-month high of $12.29. The business’s fifty day moving average is $9.14 and its 200 day moving average is $8.54. The stock has a market cap of $480.58 million, a P/E ratio of -5.64 and a beta of 1.52.

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.