Fmr LLC Increases Stake in Xperi Inc. (NASDAQ:XPER)

FMR LLC boosted its holdings in Xperi Inc. (NASDAQ:XPER - Free Report) by 180.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XPER. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Xperi by 108.5% during the 3rd 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 during the last quarter. Renaissance Technologies LLC boosted its position 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 acquiring an additional 103,060 shares during the last quarter. Rubric Capital Management LP boosted its position 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 acquiring an additional 100,000 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Xperi during the 2nd quarter valued at approximately $2,159,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of Xperi by 959.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 135,199 shares of the semiconductor company's stock valued at $1,110,000 after acquiring an additional 122,443 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on XPER shares. StockNews.com downgraded Xperi from a "buy" rating to a "hold" rating in a research report on Thursday, September 12th. BWS Financial reiterated a "top pick" rating and set a $30.00 target price on shares of Xperi in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $19.00.

Xperi Stock Up 2.8 %

XPER traded up $0.29 during trading on Friday, reaching $10.72. The company had a trading volume of 702,984 shares, compared to its average volume of 504,972. The stock has a market cap of $480.58 million, a P/E ratio of -5.64 and a beta of 1.52. The business has a 50 day simple moving average of $9.18 and a 200-day simple moving average of $8.55. Xperi Inc. has a 52 week low of $6.89 and a 52 week high of $12.29.

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.