Fmr LLC Buys 233,987 Shares of Xperi Inc. (NASDAQ:XPER)

Fmr LLC boosted its stake in Xperi Inc. (NASDAQ:XPER) by 180.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 363,671 shares of the semiconductor company’s stock after purchasing an additional 233,987 shares during the quarter. Fmr LLC’s holdings in Xperi were worth $3,360,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. ProShare Advisors LLC bought a new stake in shares of Xperi during the 2nd quarter valued at about $48,000. nVerses Capital LLC bought a new stake in shares of Xperi during the 3rd quarter valued at about $79,000. Intech Investment Management LLC bought a new stake in shares of Xperi during the 3rd quarter valued at about $121,000. West Tower Group LLC boosted its position in shares of Xperi by 91.3% during the 3rd quarter. West Tower Group LLC now owns 13,268 shares of the semiconductor company’s stock valued at $123,000 after acquiring an additional 6,331 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Xperi during the 3rd quarter valued at about $154,000. Institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on XPER shares. BWS Financial reiterated a “top pick” rating and set a $30.00 price target on shares of Xperi in a research report on Thursday, November 7th. StockNews.com downgraded Xperi from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $19.00.

Xperi Stock Up 2.8 %

Shares of XPER stock opened at $10.72 on Friday. The stock has a market cap of $480.58 million, a price-to-earnings ratio of -5.64 and a beta of 1.52. The business’s fifty day moving average is $9.14 and its 200 day moving average is $8.54. Xperi Inc. has a twelve month low of $6.89 and a twelve month high of $12.29.

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.