Waterfront Wealth Inc. Acquires 117,000 Shares of Xperi Inc. $XPER

Waterfront Wealth Inc. boosted its holdings in Xperi Inc. (NASDAQ:XPER) by 34.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 456,431 shares of the semiconductor company’s stock after acquiring an additional 117,000 shares during the quarter. Waterfront Wealth Inc. owned 0.99% of Xperi worth $2,962,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC grew its holdings in shares of Xperi by 485.6% during the third quarter. CWM LLC now owns 7,255 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 6,016 shares in the last quarter. AlphaQuest LLC lifted its position in Xperi by 51.6% during the third quarter. AlphaQuest LLC now owns 14,185 shares of the semiconductor company’s stock valued at $92,000 after purchasing an additional 4,829 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. purchased a new position in Xperi in the 3rd quarter worth approximately $103,000. Williams & Novak LLC grew its stake in Xperi by 67.9% in the 3rd quarter. Williams & Novak LLC now owns 17,510 shares of the semiconductor company’s stock worth $113,000 after buying an additional 7,080 shares in the last quarter. Finally, Creative Planning bought a new position in shares of Xperi in the 2nd quarter worth $135,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Xperi Stock Up 5.6%

Shares of NASDAQ:XPER opened at $5.40 on Monday. The stock has a market cap of $249.98 million, a PE ratio of -2.84 and a beta of 1.31. The company’s fifty day moving average is $5.94 and its 200 day moving average is $6.17. Xperi Inc. has a 52 week low of $5.09 and a 52 week high of $9.59.

Analyst Ratings Changes

XPER has been the subject of a number of research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $10.00 price objective on shares of Xperi in a report on Thursday, November 6th. BWS Financial reaffirmed a “buy” rating and set a $12.00 price target on shares of Xperi in a research note on Tuesday, January 13th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $11.00.

Xperi Company Profile

Xperi Corporation is a global technology company specializing in the development and licensing of semiconductor packaging, imaging and audio technologies, as well as advanced entertainment and automotive solutions. Through its IP Licensing segment, Xperi grants rights to its portfolio of more than 37,000 patents, covering innovations in wafer-level optics, memory packaging and interconnect that enable smaller, faster and more power-efficient devices. The company’s Product & Technology Solutions segment markets branded offerings such as DTS® audio, TiVo® entertainment platforms and Perceive™ imaging software for consumer electronics, mobile devices, set-top boxes and smart home products.

In the automotive arena, Xperi delivers in-vehicle audio enhancement, 360-degree camera and driver-assist imaging, high-definition radio solutions and connected car software designed to improve safety, comfort and entertainment.