Geode Capital Management LLC Increases Stake in Xperi Inc. (NASDAQ:XPER)

Geode Capital Management LLC boosted its stake in shares of Xperi Inc. (NASDAQ:XPER) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,043,421 shares of the semiconductor company’s stock after purchasing an additional 17,498 shares during the period. Geode Capital Management LLC’s holdings in Xperi were worth $9,643,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. ProShare Advisors LLC acquired a new stake in shares of Xperi during the second quarter worth $48,000. nVerses Capital LLC purchased a new position in Xperi in the 3rd quarter worth $79,000. Intech Investment Management LLC acquired a new stake in Xperi during the 3rd quarter worth about $121,000. West Tower Group LLC grew its stake in Xperi by 91.3% during 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 last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Xperi in the third quarter valued at about $153,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. StockNews.com lowered Xperi from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. BWS Financial reiterated a “top pick” rating and issued a $30.00 price objective on shares of Xperi in a research note on Thursday, November 7th.

Xperi Stock Up 2.0 %

Xperi stock opened at $10.27 on Thursday. The business’s 50-day moving average price is $9.50 and its 200 day moving average price is $8.74. The firm has a market cap of $460.40 million, a price-to-earnings ratio of -5.41 and a beta of 1.52. Xperi Inc. has a 52 week low of $6.89 and a 52 week 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.