CenterBook Partners LP Reduces Stock Position in Xperi Inc. $XPER

CenterBook Partners LP trimmed its holdings in shares of Xperi Inc. (NASDAQ:XPER) by 61.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 228,194 shares of the semiconductor company’s stock after selling 362,249 shares during the quarter. CenterBook Partners LP owned 0.49% of Xperi worth $1,479,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in XPER. CWM LLC increased its stake in 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 acquiring an additional 6,016 shares during the last quarter. AlphaQuest LLC boosted its holdings in shares of Xperi by 51.6% in the 3rd quarter. AlphaQuest LLC now owns 14,185 shares of the semiconductor company’s stock worth $92,000 after purchasing an additional 4,829 shares during the period. Arkfeld Wealth Strategies L.L.C. bought a new position in shares of Xperi during the 3rd quarter valued at approximately $103,000. Williams & Novak LLC increased its position in shares of Xperi by 67.9% during the 3rd quarter. Williams & Novak LLC now owns 17,510 shares of the semiconductor company’s stock valued at $113,000 after purchasing an additional 7,080 shares during the last quarter. Finally, Creative Planning purchased a new stake in Xperi during the 2nd quarter valued at $135,000. Institutional investors own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. BWS Financial reaffirmed a “buy” rating and set a $12.00 price objective on shares of Xperi in a research note on Tuesday, January 13th. Rosenblatt Securities reaffirmed a “buy” rating and set a $10.00 price target on shares of Xperi in a research note on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $11.00.

Xperi Stock Up 0.5%

XPER stock opened at $5.49 on Friday. Xperi Inc. has a twelve month low of $5.07 and a twelve month high of $9.25. The firm has a market cap of $254.24 million, a price-to-earnings ratio of -2.89 and a beta of 1.31. The business’s fifty day simple moving average is $5.82 and its two-hundred day simple moving average is $6.09.

About Xperi

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.