Arrowstreet Capital Limited Partnership Buys 61,610 Shares of Xperi Inc. (NASDAQ:XPER)

Arrowstreet Capital Limited Partnership increased its position in Xperi Inc. (NASDAQ:XPER - Free Report) by 8.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 794,782 shares of the semiconductor company's stock after purchasing an additional 61,610 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 1.77% of Xperi worth $8,162,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in XPER. Intech Investment Management LLC bought a new stake in Xperi during the third quarter worth about $121,000. Charles Schwab Investment Management Inc. boosted its position in shares of Xperi by 9.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 492,166 shares of the semiconductor company's stock worth $4,548,000 after purchasing an additional 42,396 shares in 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. Centiva Capital LP purchased a new stake in shares of Xperi in the 3rd quarter worth approximately $327,000. Finally, Wellington Management Group LLP increased its position in Xperi by 1.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,830,540 shares of the semiconductor company's stock valued at $16,914,000 after buying an additional 33,733 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Xperi Trading Down 0.3 %

XPER traded down $0.02 during trading on Friday, hitting $6.52. 260,296 shares of the company's stock traded hands, compared to its average volume of 475,044. The stock has a market capitalization of $296.78 million, a price-to-earnings ratio of -3.43 and a beta of 1.29. The company's 50 day simple moving average is $8.10 and its two-hundred day simple moving average is $8.92. Xperi Inc. has a 12-month low of $6.30 and a 12-month high of $11.39.

Analysts Set New Price Targets

XPER has been the topic of a number of recent research reports. StockNews.com raised Xperi from a "hold" rating to a "buy" rating in a research note on Thursday, March 27th. BWS Financial reissued a "top pick" rating and set a $30.00 price objective on shares of Xperi in a research report on Thursday, February 27th. Finally, Rosenblatt Securities restated a "buy" rating and set a $15.00 price objective on shares of Xperi in a research note on Thursday, February 27th.

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.