Xperi Inc. (NASDAQ:XPER) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in Xperi Inc. (NASDAQ:XPER) by 78.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,519,100 shares of the semiconductor company’s stock after acquiring an additional 666,226 shares during the quarter. JPMorgan Chase & Co. owned 3.39% of Xperi worth $15,601,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake 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 valued at $37,529,000 after purchasing an additional 74,668 shares during the period. Wellington Management Group LLP lifted its stake in shares of Xperi by 1.9% in the third quarter. Wellington Management Group LLP now owns 1,830,540 shares of the semiconductor company’s stock worth $16,914,000 after acquiring an additional 33,733 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Xperi by 1.7% in the third 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. Connor Clark & Lunn Investment Management Ltd. grew its stake in Xperi by 66.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 596,247 shares of the semiconductor company’s stock valued at $6,123,000 after purchasing an additional 238,687 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased 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 worth $4,548,000 after purchasing an additional 42,396 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Xperi Price Performance

Shares of XPER opened at $6.52 on Friday. The stock has a market capitalization of $296.78 million, a PE ratio of -3.43 and a beta of 1.29. The business’s fifty day moving average price is $8.10 and its 200 day moving average price is $8.92. Xperi Inc. has a 12-month low of $6.29 and a 12-month high of $11.39.

Analysts Set New Price Targets

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

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.