Jane Street Group LLC Cuts Holdings in Xperi Inc. (NASDAQ:XPER)

Jane Street Group LLC lessened its holdings in Xperi Inc. (NASDAQ:XPER - Free Report) by 17.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 458,876 shares of the semiconductor company's stock after selling 98,327 shares during the period. Jane Street Group LLC owned 1.02% of Xperi worth $4,240,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP lifted its stake in Xperi by 1.9% in 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. Jacobs Levy Equity Management Inc. lifted its position in shares of Xperi by 0.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 802,736 shares of the semiconductor company's stock valued at $7,417,000 after acquiring an additional 5,047 shares in the last quarter. Centiva Capital LP acquired a new stake in shares of Xperi during the third quarter valued at $327,000. FMR LLC increased its position in Xperi by 180.4% during 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, West Tower Group LLC raised its stake in Xperi by 91.3% in the 3rd quarter. West Tower Group LLC now owns 13,268 shares of the semiconductor company's stock valued at $123,000 after purchasing an additional 6,331 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Xperi Price Performance

NASDAQ XPER opened at $10.56 on Wednesday. The company has a 50-day moving average of $9.25 and a 200-day moving average of $8.58. Xperi Inc. has a 12 month low of $6.89 and a 12 month high of $12.29. The company has a market cap of $473.40 million, a P/E ratio of -5.56 and a beta of 1.52.

Analyst Upgrades and Downgrades

Several research firms have issued reports on XPER. BWS Financial reaffirmed a "top pick" rating and set a $30.00 price target on shares of Xperi in a research note on Thursday, November 7th. StockNews.com lowered Xperi from a "buy" rating to a "hold" rating in a research note on Thursday, September 12th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $19.00.

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.