Centiva Capital LP Makes New Investment in Xperi Inc. (NASDAQ:XPER)

Centiva Capital LP acquired a new position in shares of Xperi Inc. (NASDAQ:XPER) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 35,386 shares of the semiconductor company’s stock, valued at approximately $327,000. Centiva Capital LP owned 0.08% of Xperi at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in XPER. Clearline Capital LP lifted its position in Xperi by 37.9% during the 2nd quarter. Clearline Capital LP now owns 2,359,750 shares of the semiconductor company’s stock worth $19,374,000 after acquiring an additional 648,207 shares during the period. Millennium Management LLC lifted its position in Xperi by 703.2% during the 2nd quarter. Millennium Management LLC now owns 592,415 shares of the semiconductor company’s stock worth $4,864,000 after acquiring an additional 518,661 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Xperi by 337.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 590,768 shares of the semiconductor company’s stock valued at $5,459,000 after buying an additional 455,569 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Xperi in the 2nd quarter valued at approximately $2,159,000. Finally, FMR LLC lifted 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. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. StockNews.com cut Xperi from a “buy” rating to a “hold” rating in a report on Thursday, September 12th. BWS Financial reissued a “top pick” rating and issued a $30.00 price target on shares of Xperi in a report on Thursday, November 7th. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $19.00.

Xperi Stock Performance

Shares of XPER stock opened at $9.91 on Wednesday. The stock has a fifty day moving average price of $9.08 and a 200 day moving average price of $8.52. The stock has a market cap of $444.27 million, a PE ratio of -5.22 and a beta of 1.52. Xperi Inc. has a 1 year low of $6.89 and a 1 year 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.