JPMorgan Chase & Co. Reduces Stock Holdings in Xperi Inc. (NASDAQ:XPER)

JPMorgan Chase & Co. lessened its stake in Xperi Inc. (NASDAQ:XPER - Free Report) by 11.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 852,874 shares of the semiconductor company's stock after selling 108,590 shares during the period. JPMorgan Chase & Co. owned 1.90% of Xperi worth $7,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. grew its position in shares of Xperi by 12.2% during the third quarter. Franklin Resources Inc. now owns 75,683 shares of the semiconductor company's stock worth $669,000 after acquiring an additional 8,254 shares during the last quarter. Barclays PLC grew its position in Xperi by 197.0% during the 3rd quarter. Barclays PLC now owns 69,991 shares of the semiconductor company's stock worth $646,000 after purchasing an additional 46,426 shares during the last quarter. Geode Capital Management LLC increased its stake in Xperi by 1.7% in 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 purchasing an additional 17,498 shares during the period. XTX Topco Ltd purchased a new stake in shares of Xperi in the third quarter valued at about $153,000. Finally, Wellington Management Group LLP boosted its stake in shares of Xperi by 1.9% during the third quarter. Wellington Management Group LLP now owns 1,830,540 shares of the semiconductor company's stock worth $16,914,000 after buying an additional 33,733 shares during the period. Hedge funds and other institutional investors own 94.28% of the company's stock.

Xperi Stock Up 1.7 %

NASDAQ XPER traded up $0.15 during trading hours on Wednesday, hitting $9.07. 217,666 shares of the stock were exchanged, compared to its average volume of 327,668. The company has a market cap of $406.61 million, a price-to-earnings ratio of -4.77 and a beta of 1.34. Xperi Inc. has a 12-month low of $6.89 and a 12-month high of $12.29. The stock has a 50-day moving average of $9.59 and a 200 day moving average of $8.87.

Analyst Upgrades and Downgrades

Separately, BWS Financial reissued a "top pick" rating and issued a $30.00 target price on shares of Xperi in a report on Thursday, November 7th.

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.