Geode Capital Management LLC Grows Stock Position in Xperi Inc. (NASDAQ:XPER)

Geode Capital Management LLC boosted its stake in shares of Xperi Inc. (NASDAQ:XPER) by 0.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,046,813 shares of the semiconductor company’s stock after acquiring an additional 3,392 shares during the quarter. Geode Capital Management LLC owned 2.34% of Xperi worth $10,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of XPER. Harbor Capital Advisors Inc. grew its holdings in shares of Xperi by 13.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 10,098 shares of the semiconductor company’s stock worth $104,000 after purchasing an additional 1,197 shares during the last quarter. Rhumbline Advisers boosted its position in Xperi by 3.1% during the 4th quarter. Rhumbline Advisers now owns 73,905 shares of the semiconductor company’s stock valued at $759,000 after buying an additional 2,253 shares during the period. Franklin Resources Inc. grew its holdings in Xperi by 4.9% in the 4th quarter. Franklin Resources Inc. now owns 79,421 shares of the semiconductor company’s stock worth $816,000 after acquiring an additional 3,738 shares during the last quarter. SG Americas Securities LLC increased its position in shares of 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 period. Finally, TSP Capital Management Group LLC raised its stake in shares of Xperi by 3.3% during the fourth quarter. TSP Capital Management Group LLC now owns 248,808 shares of the semiconductor company’s stock valued at $2,555,000 after acquiring an additional 8,010 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Xperi Price Performance

Shares of NASDAQ:XPER opened at $6.73 on Wednesday. The business has a fifty day moving average price of $7.73 and a 200-day moving average price of $8.81. The company has a market capitalization of $306.29 million, a PE ratio of -3.54 and a beta of 1.29. Xperi Inc. has a 1-year low of $6.29 and a 1-year high of $11.39.

Xperi 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.