Wellington Management Group LLP Increases Holdings in Xperi Inc. (NASDAQ:XPER)

Wellington Management Group LLP boosted its stake in Xperi Inc. (NASDAQ:XPER) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,830,540 shares of the semiconductor company’s stock after purchasing an additional 33,733 shares during the quarter. Wellington Management Group LLP owned approximately 4.08% of Xperi worth $16,914,000 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. Jacobs Levy Equity Management Inc. boosted its position in shares of Xperi by 0.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 802,736 shares of the semiconductor company’s stock valued at $7,417,000 after acquiring an additional 5,047 shares during the period. ProShare Advisors LLC bought a new position in Xperi in the 2nd quarter valued at $48,000. West Tower Group LLC grew 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 purchasing an additional 6,331 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Xperi in the third quarter worth $79,000. Finally, American Century Companies Inc. raised its position in shares of Xperi by 13.7% in the second quarter. American Century Companies Inc. now owns 75,971 shares of the semiconductor company’s stock worth $624,000 after buying an additional 9,139 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. BWS Financial restated a “top pick” rating and set a $30.00 target price on shares of Xperi in a research report on Thursday, November 7th. StockNews.com cut shares of 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $19.00.

Xperi Stock Up 2.8 %

Shares of XPER stock opened at $10.72 on Friday. The firm has a market cap of $480.58 million, a P/E ratio of -5.64 and a beta of 1.52. The business has a 50-day moving average price of $9.18 and a two-hundred day moving average price of $8.55. Xperi Inc. has a 12-month low of $6.89 and a 12-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.