Vanguard Group Inc. Purchases 53,159 Shares of Xperi Inc. $XPER

Vanguard Group Inc. boosted its position in Xperi Inc. (NASDAQ:XPER) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,707,411 shares of the semiconductor company’s stock after acquiring an additional 53,159 shares during the quarter. Vanguard Group Inc. owned 8.14% of Xperi worth $28,621,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new position in Xperi in the fourth quarter valued at $56,000. Y Intercept Hong Kong Ltd purchased a new stake in Xperi during the first quarter valued at about $105,000. Deutsche Bank AG boosted its position in Xperi by 64.0% during the fourth quarter. Deutsche Bank AG now owns 44,652 shares of the semiconductor company’s stock valued at $459,000 after buying an additional 17,419 shares during the period. Two Sigma Advisers LP boosted its position in Xperi by 18.9% during the fourth quarter. Two Sigma Advisers LP now owns 14,500 shares of the semiconductor company’s stock valued at $149,000 after buying an additional 2,300 shares during the period. Finally, Man Group plc purchased a new stake in Xperi during the fourth quarter valued at about $362,000. Institutional investors own 94.28% of the company’s stock.

Xperi Price Performance

XPER opened at $6.09 on Thursday. Xperi Inc. has a one year low of $5.68 and a one year high of $11.07. The business has a 50 day simple moving average of $7.03 and a two-hundred day simple moving average of $7.53. The firm has a market capitalization of $281.49 million, a price-to-earnings ratio of -3.20 and a beta of 1.26.

Analysts Set New Price Targets

Several research firms have issued reports on XPER. Wall Street Zen upgraded shares of Xperi from a “hold” rating to a “buy” rating in a research report on Saturday, May 17th. Rosenblatt Securities restated a “buy” rating and set a $15.00 price target on shares of Xperi in a research report on Tuesday, July 29th. Finally, BWS Financial lowered shares of Xperi from a “strong-buy” rating to a “moderate buy” rating and cut their price target for the company from $30.00 to $12.00 in a research report on Tuesday, July 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $13.50.

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.