JPMorgan Chase & Co. Has $15.60 Million Stock Position in Xperi Inc. (NASDAQ:XPER)

JPMorgan Chase & Co. raised its stake in shares of Xperi Inc. (NASDAQ:XPER - Free Report) by 78.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,519,100 shares of the semiconductor company's stock after purchasing an additional 666,226 shares during the period. JPMorgan Chase & Co. owned 3.39% of Xperi worth $15,601,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its stake in Xperi by 13.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,098 shares of the semiconductor company's stock worth $104,000 after buying an additional 1,197 shares in the last quarter. LPL Financial LLC bought a new position in Xperi in the 4th quarter worth approximately $115,000. XTX Topco Ltd bought a new position in Xperi in the third quarter valued at about $153,000. Silverleafe Capital Partners LLC bought a new position in shares of Xperi in the 4th quarter valued at about $200,000. Finally, SG Americas Securities LLC boosted its stake in Xperi by 24.4% in the fourth quarter. SG Americas Securities LLC now owns 20,777 shares of the semiconductor company's stock valued at $213,000 after acquiring an additional 4,071 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on XPER shares. Rosenblatt Securities reiterated a "buy" rating and issued a $15.00 target price on shares of Xperi in a report on Thursday, February 27th. StockNews.com raised Xperi from a "hold" rating to a "buy" rating in a research report on Thursday, March 27th. Finally, BWS Financial restated a "top pick" rating and issued a $30.00 price objective on shares of Xperi in a report on Thursday, February 27th.

Xperi Price Performance

XPER traded up $0.01 during trading on Thursday, hitting $6.53. 72,404 shares of the stock traded hands, compared to its average volume of 331,975. Xperi Inc. has a twelve month low of $6.29 and a twelve month high of $11.39. The company has a market cap of $297.23 million, a price-to-earnings ratio of -3.44 and a beta of 1.29. The business has a 50 day moving average price of $7.94 and a 200 day moving average price of $8.87.

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.