Xperi Inc. (NASDAQ:XPER) Shares Bought by Northern Trust Corp

Northern Trust Corp raised its position in Xperi Inc. (NASDAQ:XPER) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 413,013 shares of the semiconductor company’s stock after acquiring an additional 22,947 shares during the quarter. Northern Trust Corp owned 0.92% of Xperi worth $4,242,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in XPER. CenterBook Partners LP acquired a new stake in shares of Xperi during the fourth quarter worth approximately $6,861,000. JPMorgan Chase & Co. grew its position in shares of Xperi by 78.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,519,100 shares of the semiconductor company’s stock worth $15,601,000 after buying an additional 666,226 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Xperi during the fourth quarter worth approximately $3,502,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Xperi by 66.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 596,247 shares of the semiconductor company’s stock worth $6,123,000 after buying an additional 238,687 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Xperi by 6.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,861,658 shares of the semiconductor company’s stock worth $19,119,000 after buying an additional 116,220 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on XPER. BWS Financial reissued a “top pick” rating and set a $30.00 price target on shares of Xperi in a research report on Thursday, May 8th. Rosenblatt Securities reissued a “buy” rating and set a $15.00 price target on shares of Xperi in a research report on Thursday, February 27th. Finally, Wall Street Zen raised shares of Xperi from a “hold” rating to a “buy” rating in a research report on Saturday, May 17th.

Xperi Price Performance

Shares of XPER opened at $7.77 on Friday. The business’s fifty day moving average price is $7.41 and its 200 day moving average price is $8.58. Xperi Inc. has a 12-month low of $6.29 and a 12-month high of $11.08. The stock has a market capitalization of $353.45 million, a PE ratio of -4.09 and a beta of 1.29.

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.