Y Intercept Hong Kong Ltd Purchases Shares of 13,620 Xperi Inc. (NASDAQ:XPER)

Y Intercept Hong Kong Ltd purchased a new stake in Xperi Inc. (NASDAQ:XPER) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 13,620 shares of the semiconductor company’s stock, valued at approximately $105,000.

Several other large investors also recently made changes to their positions in XPER. Virtus Fund Advisers LLC bought a new stake in Xperi in the 4th quarter valued at $43,000. BNP Paribas Financial Markets bought a new position in Xperi during the 4th quarter worth about $56,000. New York State Common Retirement Fund raised its stake in shares of Xperi by 140.5% in the 1st quarter. New York State Common Retirement Fund now owns 8,900 shares of the semiconductor company’s stock valued at $69,000 after purchasing an additional 5,200 shares during the period. LPL Financial LLC bought a new stake in shares of Xperi in the fourth quarter valued at about $115,000. Finally, Corton Capital Inc. bought a new stake in shares of Xperi in the fourth quarter valued at about $127,000. Institutional investors own 94.28% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded Xperi from a “hold” rating to a “buy” rating in a report on Saturday, May 17th. BWS Financial decreased their price target on shares of Xperi from $30.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price objective on shares of Xperi in a report on Tuesday.

Xperi Price Performance

Shares of NASDAQ XPER opened at $6.02 on Friday. The business has a 50-day moving average of $7.73 and a 200-day moving average of $7.94. The stock has a market capitalization of $273.79 million, a price-to-earnings ratio of -3.17 and a beta of 1.28. Xperi Inc. has a fifty-two week low of $5.95 and a fifty-two week high of $11.07.

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.