Alliancebernstein L.P. Has $416,000 Stock Position in Xperi Inc. (NASDAQ:XPER)

Alliancebernstein L.P. cut its holdings in shares of Xperi Inc. (NASDAQ:XPER) by 72.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,525 shares of the semiconductor company’s stock after selling 106,578 shares during the quarter. Alliancebernstein L.P. owned 0.09% of Xperi worth $416,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Harbor Capital Advisors Inc. increased its stake in Xperi by 13.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 10,098 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 1,197 shares during the period. LPL Financial LLC purchased a new stake in shares of Xperi during the fourth quarter worth $115,000. Silverleafe Capital Partners LLC acquired a new stake in Xperi during the fourth quarter valued at $200,000. SG Americas Securities LLC grew 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 purchasing an additional 4,071 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in Xperi in the 4th quarter worth about $483,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Xperi Stock Performance

Shares of NASDAQ XPER opened at $6.53 on Monday. The business’s 50-day simple moving average is $7.83 and its 200-day simple moving average is $8.84. Xperi Inc. has a 52 week low of $6.29 and a 52 week high of $11.39. The firm has a market cap of $297.00 million, a price-to-earnings ratio of -3.43 and a beta of 1.29.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price target on shares of Xperi in a research note on Thursday, February 27th. BWS Financial reissued a “top pick” rating and issued a $30.00 target price on shares of Xperi in a research report on Thursday, February 27th. Finally, StockNews.com upgraded shares of Xperi from a “hold” rating to a “buy” rating in a report on Thursday, March 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.