Raymond James Financial Inc. Invests $658,000 in Xperi Inc. (NASDAQ:XPER)

Raymond James Financial Inc. bought a new stake in Xperi Inc. (NASDAQ:XPER - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 64,073 shares of the semiconductor company's stock, valued at approximately $658,000. Raymond James Financial Inc. owned about 0.14% of Xperi at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. lifted its holdings in shares of Xperi by 13.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,098 shares of the semiconductor company's stock worth $104,000 after acquiring an additional 1,197 shares during the period. Rhumbline Advisers grew its holdings in Xperi by 3.1% in the fourth quarter. Rhumbline Advisers now owns 73,905 shares of the semiconductor company's stock valued at $759,000 after purchasing an additional 2,253 shares during the period. SG Americas Securities LLC increased its position in Xperi by 24.4% during the fourth quarter. SG Americas Securities LLC now owns 20,777 shares of the semiconductor company's stock worth $213,000 after purchasing an additional 4,071 shares during the last quarter. TSP Capital Management Group LLC raised its stake in Xperi by 3.3% during the fourth quarter. TSP Capital Management Group LLC now owns 248,808 shares of the semiconductor company's stock worth $2,555,000 after purchasing an additional 8,010 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Xperi by 12.2% in the 3rd quarter. Franklin Resources Inc. now owns 75,683 shares of the semiconductor company's stock valued at $669,000 after purchasing an additional 8,254 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Xperi Stock Performance

Shares of NASDAQ:XPER traded down $0.02 during midday 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 firm's fifty day moving average price is $8.10 and its two-hundred day moving average price is $8.92. Xperi Inc. has a twelve month low of $6.30 and a twelve month high of $11.39. The company has a market cap of $296.78 million, a PE ratio of -3.43 and a beta of 1.29.

Analyst Upgrades and Downgrades

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