Franklin Resources Inc. Raises Stock Position in Xperi Inc. (NASDAQ:XPER)

Franklin Resources Inc. boosted its holdings in shares of Xperi Inc. (NASDAQ:XPER) by 12.2% in the third quarter, HoldingsChannel reports. The firm owned 75,683 shares of the semiconductor company’s stock after buying an additional 8,254 shares during the period. Franklin Resources Inc.’s holdings in Xperi were worth $669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. ProShare Advisors LLC acquired a new position in shares of Xperi in the 2nd quarter valued at about $48,000. nVerses Capital LLC purchased a new position in Xperi during the third quarter valued at approximately $79,000. Intech Investment Management LLC purchased a new position in Xperi during the third quarter valued at approximately $121,000. West Tower Group LLC lifted its stake in shares of Xperi by 91.3% in the 3rd quarter. West Tower Group LLC now owns 13,268 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 6,331 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Xperi during the third quarter worth $153,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on XPER shares. StockNews.com cut shares of Xperi from a “buy” rating to a “hold” rating in a report on Thursday, September 12th. BWS Financial restated a “top pick” rating and issued a $30.00 price target on shares of Xperi in a research note on Thursday, November 7th.

Xperi Stock Performance

Xperi stock opened at $10.13 on Monday. The stock has a market capitalization of $454.13 million, a P/E ratio of -5.33 and a beta of 1.52. The company’s fifty day moving average price is $9.45 and its 200 day moving average price is $8.69. Xperi Inc. has a 1 year low of $6.89 and a 1 year high of $12.29.

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.