Xperi Inc. (NASDAQ:XPER) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its stake in Xperi Inc. (NASDAQ:XPER - Free Report) by 8.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 449,441 shares of the semiconductor company's stock after selling 42,725 shares during the period. Charles Schwab Investment Management Inc. owned 1.00% of Xperi worth $4,616,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Harbor Capital Advisors Inc. boosted its stake in Xperi by 13.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 10,098 shares of the semiconductor company's stock valued at $104,000 after acquiring an additional 1,197 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Xperi in the 3rd quarter valued at about $121,000. West Tower Group LLC grew its stake in Xperi by 91.3% during the 3rd quarter. West Tower Group LLC now owns 13,268 shares of the semiconductor company's stock worth $123,000 after buying an additional 6,331 shares during the last quarter. XTX Topco Ltd acquired a new position in Xperi during the third quarter worth approximately $153,000. Finally, Silverleafe Capital Partners LLC acquired a new position in Xperi during the fourth quarter worth approximately $200,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Xperi Price Performance

Shares of NASDAQ:XPER traded down $0.38 during trading on Friday, reaching $7.84. The company had a trading volume of 239,349 shares, compared to its average volume of 474,158. The stock's fifty day moving average price is $8.59 and its 200 day moving average price is $9.08. Xperi Inc. has a fifty-two week low of $6.89 and a fifty-two week high of $12.12. The firm has a market capitalization of $356.63 million, a price-to-earnings ratio of -4.12 and a beta of 1.32.

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Analysts Set New Price Targets

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

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.