Cubist Systematic Strategies LLC Takes Position in Xperi Inc. (NASDAQ:XPER)

Cubist Systematic Strategies LLC bought a new position in shares of Xperi Inc. (NASDAQ:XPER) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 153,523 shares of the semiconductor company’s stock, valued at approximately $1,577,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of XPER. BNP Paribas Financial Markets acquired a new position in shares of Xperi during the 4th quarter worth about $56,000. Northern Trust Corp boosted its position in shares of Xperi by 5.9% during the 4th quarter. Northern Trust Corp now owns 413,013 shares of the semiconductor company’s stock worth $4,242,000 after acquiring an additional 22,947 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Xperi by 6.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,861,658 shares of the semiconductor company’s stock worth $19,119,000 after acquiring an additional 116,220 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Xperi during the 4th quarter worth about $599,000. Finally, Nebula Research & Development LLC boosted its position in shares of Xperi by 10.1% during the 4th quarter. Nebula Research & Development LLC now owns 22,972 shares of the semiconductor company’s stock worth $236,000 after acquiring an additional 2,104 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on XPER shares. BWS Financial reaffirmed a “top pick” rating and set a $30.00 price objective on shares of Xperi in a research report on Thursday, May 8th. StockNews.com cut Xperi from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $15.00 target price on shares of Xperi in a report on Thursday, February 27th.

Xperi Trading Up 3.1%

NASDAQ XPER opened at $8.35 on Tuesday. The business’s 50 day moving average is $7.38 and its two-hundred day moving average is $8.64. Xperi Inc. has a 12-month low of $6.29 and a 12-month high of $11.08. The stock has a market capitalization of $380.26 million, a price-to-earnings ratio of -4.40 and a beta of 1.29.

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.