Jane Street Group LLC Sells 98,327 Shares of Xperi Inc. (NASDAQ:XPER)

Jane Street Group LLC lowered its holdings in Xperi Inc. (NASDAQ:XPER) by 17.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 458,876 shares of the semiconductor company’s stock after selling 98,327 shares during the quarter. Jane Street Group LLC owned about 1.02% of Xperi worth $4,240,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Assenagon Asset Management S.A. grew its holdings in Xperi by 959.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 135,199 shares of the semiconductor company’s stock worth $1,110,000 after acquiring an additional 122,443 shares during the last quarter. Skylands Capital LLC increased its holdings in shares of Xperi by 45.7% in the second quarter. Skylands Capital LLC now owns 216,500 shares of the semiconductor company’s stock valued at $1,777,000 after purchasing an additional 67,875 shares in the last quarter. Waterfront Wealth Inc. raised its position in Xperi by 46.6% in the 2nd quarter. Waterfront Wealth Inc. now owns 325,065 shares of the semiconductor company’s stock worth $2,669,000 after purchasing an additional 103,351 shares during the last quarter. Quest Partners LLC acquired a new position in Xperi during the 2nd quarter worth $141,000. Finally, Monaco Asset Management SAM acquired a new position in Xperi during the 2nd quarter worth $859,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Xperi Stock Performance

Shares of Xperi stock opened at $10.56 on Wednesday. Xperi Inc. has a 52 week low of $6.89 and a 52 week high of $12.29. The stock has a market capitalization of $473.40 million, a price-to-earnings ratio of -5.67 and a beta of 1.52. The firm has a fifty day moving average of $9.22 and a two-hundred day moving average of $8.56.

Analyst Upgrades and Downgrades

XPER has been the subject of several research reports. BWS Financial reissued a “top pick” rating and issued a $30.00 target price on shares of Xperi in a research note on Thursday, November 7th. StockNews.com lowered Xperi from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $19.00.

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.