Franklin Resources Inc. Purchases 8,254 Shares of Xperi Inc. (NASDAQ:XPER)

Franklin Resources Inc. grew its position in Xperi Inc. (NASDAQ:XPER) by 12.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75,683 shares of the semiconductor company’s stock after buying an additional 8,254 shares during the period. Franklin Resources Inc. owned 0.17% of Xperi worth $669,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of XPER. Connor Clark & Lunn Investment Management Ltd. boosted 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 acquiring an additional 186,066 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Xperi by 15.2% during the 2nd quarter. Renaissance Technologies LLC now owns 779,573 shares of the semiconductor company’s stock valued at $6,400,000 after purchasing an additional 103,060 shares during the last quarter. Rubric Capital Management LP lifted its holdings in shares of Xperi by 2.5% during the 2nd quarter. Rubric Capital Management LP now owns 4,143,744 shares of the semiconductor company’s stock valued at $34,020,000 after purchasing an additional 100,000 shares during the last quarter. FMR LLC boosted its position in shares of Xperi by 180.4% in the 3rd quarter. FMR LLC now owns 363,671 shares of the semiconductor company’s stock worth $3,360,000 after purchasing an additional 233,987 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Xperi during the 2nd quarter worth $2,159,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Xperi Price Performance

Shares of XPER stock opened at $10.13 on Monday. The business has a fifty day moving average of $9.45 and a 200 day moving average of $8.69. Xperi Inc. has a 1 year low of $6.89 and a 1 year high of $12.29. The firm has a market capitalization of $454.13 million, a price-to-earnings ratio of -5.33 and a beta of 1.52.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. StockNews.com downgraded Xperi from a “buy” rating to a “hold” rating in a report on Thursday, September 12th. BWS Financial reiterated a “top pick” rating and issued a $30.00 target price on shares of Xperi in a research note on Thursday, November 7th.

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.