Wellington Management Group LLP Grows Stock Position in Xperi Inc. (NASDAQ:XPER)

Wellington Management Group LLP raised its stake in Xperi Inc. (NASDAQ:XPER - Free Report) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,883,932 shares of the semiconductor company's stock after purchasing an additional 53,392 shares during the period. Wellington Management Group LLP owned about 4.20% of Xperi worth $19,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Xperi by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 3,654,252 shares of the semiconductor company's stock worth $37,529,000 after purchasing an additional 74,668 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Xperi by 78.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,519,100 shares of the semiconductor company's stock worth $15,601,000 after acquiring an additional 666,226 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Xperi by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,043,421 shares of the semiconductor company's stock valued at $9,643,000 after acquiring an additional 17,498 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Xperi by 8.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 794,782 shares of the semiconductor company's stock valued at $8,162,000 after acquiring an additional 61,610 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Xperi by 66.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 596,247 shares of the semiconductor company's stock worth $6,123,000 after acquiring an additional 238,687 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Xperi Price Performance

Shares of XPER traded down $0.02 during mid-day trading on Friday, reaching $6.52. 260,296 shares of the company's stock were exchanged, compared to its average volume of 475,044. The business's fifty day simple moving average is $8.10 and its 200-day simple moving average is $8.92. The stock has a market capitalization of $296.78 million, a PE ratio of -3.43 and a beta of 1.29. Xperi Inc. has a 52-week low of $6.29 and a 52-week high of $11.39.

Analyst Upgrades and Downgrades

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