ProShare Advisors LLC Buys Shares of 12,885 Xperi Inc. (NASDAQ:XPER)

ProShare Advisors LLC purchased a new position in Xperi Inc. (NASDAQ:XPER) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,885 shares of the semiconductor company’s stock, valued at approximately $132,000.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in shares of Xperi during the 4th quarter worth $56,000. LPL Financial LLC purchased a new stake in Xperi during the fourth quarter valued at about $115,000. Corton Capital Inc. purchased a new stake in Xperi during the fourth quarter valued at about $127,000. Nokomis Capital L.L.C. bought a new stake in Xperi during the fourth quarter worth about $177,000. Finally, ExodusPoint Capital Management LP bought a new stake in Xperi during the fourth quarter worth about $193,000. Institutional investors own 94.28% of the company’s stock.

Xperi Trading Down 1.6%

Shares of NASDAQ:XPER opened at $7.67 on Tuesday. The stock has a market capitalization of $348.90 million, a P/E ratio of -4.03 and a beta of 1.29. The stock’s 50-day moving average price is $7.38 and its 200-day moving average price is $8.54. Xperi Inc. has a 12-month low of $6.29 and a 12-month high of $11.08.

Analyst Ratings Changes

Several equities analysts have recently commented on XPER shares. BWS Financial reiterated a “top pick” rating and set a $30.00 price objective on shares of Xperi in a research report on Thursday, May 8th. Wall Street Zen raised shares of Xperi from a “hold” rating to a “buy” rating in a research note on Saturday, May 17th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Xperi in a research note on Thursday, February 27th.

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.