Raymond James Financial Inc. Acquires New Holdings in Xperi Inc. (NASDAQ:XPER)

Raymond James Financial Inc. bought a new position in shares of Xperi Inc. (NASDAQ:XPER) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 64,073 shares of the semiconductor company’s stock, valued at approximately $658,000.

Other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Xperi by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,043,421 shares of the semiconductor company’s stock valued at $9,643,000 after purchasing an additional 17,498 shares during the last quarter. Barclays PLC grew its stake in shares of Xperi by 197.0% in the third quarter. Barclays PLC now owns 69,991 shares of the semiconductor company’s stock valued at $646,000 after buying an additional 46,426 shares in the last quarter. FMR LLC raised its holdings in shares of Xperi by 180.4% in the 3rd quarter. FMR LLC now owns 363,671 shares of the semiconductor company’s stock valued at $3,360,000 after buying an additional 233,987 shares during the period. Harbor Capital Advisors Inc. lifted its stake in Xperi by 13.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,098 shares of the semiconductor company’s stock worth $104,000 after acquiring an additional 1,197 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Xperi by 9.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 492,166 shares of the semiconductor company’s stock valued at $4,548,000 after acquiring an additional 42,396 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Xperi Stock Performance

Shares of Xperi stock opened at $6.91 on Monday. The business has a 50-day simple moving average of $8.44 and a 200-day simple moving average of $9.04. Xperi Inc. has a one year low of $6.75 and a one year high of $11.39. The company has a market cap of $314.30 million, a PE ratio of -3.63 and a beta of 1.29.

Analysts Set New Price Targets

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

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.