JPMorgan Chase & Co. Has $7.88 Million Stock Position in Xperi Inc. (NASDAQ:XPER)

JPMorgan Chase & Co. lowered its stake in shares of Xperi Inc. (NASDAQ:XPER) by 11.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 852,874 shares of the semiconductor company’s stock after selling 108,590 shares during the quarter. JPMorgan Chase & Co. owned about 1.90% of Xperi worth $7,881,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of XPER. Franklin Resources Inc. increased its holdings in shares of Xperi by 12.2% during the 3rd quarter. Franklin Resources Inc. now owns 75,683 shares of the semiconductor company’s stock worth $669,000 after purchasing an additional 8,254 shares during the period. Barclays PLC grew its position in Xperi by 197.0% during the third quarter. Barclays PLC now owns 69,991 shares of the semiconductor company’s stock worth $646,000 after buying an additional 46,426 shares in the last quarter. Geode Capital Management LLC increased its stake in Xperi by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,043,421 shares of the semiconductor company’s stock valued at $9,643,000 after acquiring an additional 17,498 shares during the period. XTX Topco Ltd acquired a new position in Xperi in the 3rd quarter valued at approximately $153,000. Finally, Wellington Management Group LLP lifted its position in shares of Xperi by 1.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,830,540 shares of the semiconductor company’s stock worth $16,914,000 after acquiring an additional 33,733 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, BWS Financial restated a “top pick” rating and issued a $30.00 price objective on shares of Xperi in a research note on Thursday, November 7th.

Xperi Stock Down 1.8 %

Shares of Xperi stock opened at $8.94 on Wednesday. Xperi Inc. has a 12 month low of $6.89 and a 12 month high of $12.29. The stock has a market cap of $400.78 million, a PE ratio of -4.71 and a beta of 1.34. The business has a fifty day simple moving average of $9.59 and a 200 day simple moving average of $8.87.

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.