American Century Companies Inc. Acquires 10,862 Shares of Xperi Inc. $XPER

American Century Companies Inc. lifted its holdings in Xperi Inc. (NASDAQ:XPER) by 11.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 107,513 shares of the semiconductor company’s stock after acquiring an additional 10,862 shares during the quarter. American Century Companies Inc. owned 0.24% of Xperi worth $830,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in XPER. Royce & Associates LP bought a new stake in shares of Xperi in the 1st quarter worth approximately $3,036,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Xperi by 35.0% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 804,956 shares of the semiconductor company’s stock worth $6,214,000 after buying an additional 208,709 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Xperi during the 4th quarter valued at $1,577,000. Two Sigma Investments LP bought a new stake in Xperi during the 4th quarter valued at $1,340,000. Finally, D. E. Shaw & Co. Inc. raised its holdings in Xperi by 19.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 758,210 shares of the semiconductor company’s stock valued at $7,787,000 after buying an additional 125,021 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Xperi Trading Up 2.5%

Shares of Xperi stock opened at $6.03 on Friday. The company’s fifty day simple moving average is $6.80 and its two-hundred day simple moving average is $7.40. The company has a market cap of $278.72 million, a P/E ratio of -3.17 and a beta of 1.26. Xperi Inc. has a 12-month low of $5.68 and a 12-month high of $11.07.

Analysts Set New Price Targets

A number of research firms recently commented on XPER. BWS Financial lowered shares of Xperi from a “strong-buy” rating to a “moderate buy” rating and lowered their price target for the company from $30.00 to $12.00 in a report on Tuesday, July 29th. Wall Street Zen upgraded shares of Xperi from a “hold” rating to a “buy” rating in a report on Saturday, May 17th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $15.00 price target on shares of Xperi in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average 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.