272 Capital LP cut its stake in shares of Xperi Inc. (NASDAQ:XPER - Free Report) by 36.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 380,045 shares of the semiconductor company's stock after selling 221,195 shares during the period. Xperi comprises approximately 1.8% of 272 Capital LP's investment portfolio, making the stock its 23rd biggest position. 272 Capital LP owned approximately 0.85% of Xperi worth $3,512,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Rubric Capital Management LP lifted its holdings in Xperi by 2.5% in the second quarter. Rubric Capital Management LP now owns 4,143,744 shares of the semiconductor company's stock valued at $34,020,000 after buying an additional 100,000 shares during the period. Clearline Capital LP grew its stake in Xperi by 37.9% during the second quarter. Clearline Capital LP now owns 2,359,750 shares of the semiconductor company's stock worth $19,374,000 after purchasing an additional 648,207 shares during the period. Wellington Management Group LLP increased its holdings in Xperi by 1.9% in the third quarter. Wellington Management Group LLP now owns 1,830,540 shares of the semiconductor company's stock worth $16,914,000 after purchasing an additional 33,733 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Xperi by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,421,844 shares of the semiconductor company's stock valued at $11,673,000 after buying an additional 56,166 shares during the period. Finally, Geode Capital Management LLC lifted 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 buying an additional 17,498 shares during the period. 94.28% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. BWS Financial reiterated a "top pick" rating and issued a $30.00 price objective on shares of Xperi in a research note on Thursday, November 7th. StockNews.com downgraded shares of Xperi from a "buy" rating to a "hold" rating in a research note on Thursday, September 12th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $19.00.
View Our Latest Analysis on Xperi
Xperi Stock Up 2.8 %
XPER traded up $0.29 during trading hours on Friday, hitting $10.72. The stock had a trading volume of 702,622 shares, compared to its average volume of 507,839. Xperi Inc. has a 1 year low of $6.89 and a 1 year high of $12.29. The company's fifty day simple moving average is $9.14 and its 200 day simple moving average is $8.54. The stock has a market cap of $480.58 million, a PE ratio of -5.64 and a beta of 1.52.
Xperi Company Profile
(
Free Report)
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.
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