Man Group plc Takes Position in Xperi Inc. (NASDAQ:XPER)

Man Group plc acquired a new stake in shares of Xperi Inc. (NASDAQ:XPER) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 35,225 shares of the semiconductor company’s stock, valued at approximately $362,000. Man Group plc owned 0.08% of Xperi as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new stake in Xperi during the 4th quarter worth about $56,000. LPL Financial LLC purchased a new stake in Xperi during the 4th quarter worth about $115,000. Corton Capital Inc. purchased a new stake in Xperi during the 4th quarter worth about $127,000. Nokomis Capital L.L.C. purchased a new stake in Xperi during the 4th quarter worth about $177,000. Finally, ExodusPoint Capital Management LP purchased a new stake in Xperi during the 4th quarter worth about $193,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. BWS Financial reissued a “top pick” rating and set a $30.00 price objective on shares of Xperi in a report on Thursday, May 8th. Rosenblatt Securities reissued a “buy” rating and set a $15.00 price objective on shares of Xperi in a report on Thursday, February 27th. Finally, Wall Street Zen raised Xperi from a “hold” rating to a “buy” rating in a report on Saturday, May 17th.

Xperi Stock Up 0.3%

Shares of NASDAQ XPER opened at $7.76 on Tuesday. The firm has a market capitalization of $353.36 million, a P/E ratio of -4.09 and a beta of 1.29. The stock’s 50-day simple moving average is $7.41 and its two-hundred day simple moving average is $8.55. Xperi Inc. has a twelve month low of $6.29 and a twelve month high of $11.08.

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.