Xperi Inc. (NASDAQ:XPER) Shares Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lifted its stake in Xperi Inc. (NASDAQ:XPER) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 822,243 shares of the semiconductor company’s stock after buying an additional 19,507 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 1.83% of Xperi worth $8,444,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Xperi by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 3,654,252 shares of the semiconductor company’s stock worth $37,529,000 after buying an additional 74,668 shares during the period. Wellington Management Group LLP boosted its holdings in Xperi by 2.9% in the fourth quarter. Wellington Management Group LLP now owns 1,883,932 shares of the semiconductor company’s stock valued at $19,348,000 after purchasing an additional 53,392 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Xperi by 6.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,861,658 shares of the semiconductor company’s stock valued at $19,119,000 after purchasing an additional 116,220 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Xperi by 78.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,519,100 shares of the semiconductor company’s stock valued at $15,601,000 after purchasing an additional 666,226 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Xperi by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,477,350 shares of the semiconductor company’s stock valued at $15,172,000 after purchasing an additional 43,576 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Xperi Trading Down 0.7%

Shares of Xperi stock opened at $8.30 on Wednesday. The business’s 50 day simple moving average is $7.39 and its 200-day simple moving average is $8.64. The stock has a market capitalization of $377.80 million, a price-to-earnings ratio of -4.37 and a beta of 1.29. Xperi Inc. has a twelve month low of $6.29 and a twelve month high of $11.08.

Analysts Set New Price Targets

Several brokerages have issued reports on XPER. StockNews.com cut Xperi from a “buy” rating to a “hold” rating in a research note on Friday, May 9th. Rosenblatt Securities restated a “buy” rating and set a $15.00 price objective on shares of Xperi in a research note on Thursday, February 27th. Finally, BWS Financial restated a “top pick” rating and set a $30.00 price objective on shares of Xperi in a research note on Thursday, May 8th.

About Xperi

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.