Diametric Capital LP Sells 3,397 Shares of Xperi Inc. (NASDAQ:XPER)

Diametric Capital LP cut its holdings in shares of Xperi Inc. (NASDAQ:XPER) by 9.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,892 shares of the semiconductor company’s stock after selling 3,397 shares during the quarter. Diametric Capital LP owned about 0.07% of Xperi worth $317,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC raised its stake in Xperi by 1.7% during the 3rd 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. Barclays PLC increased its holdings in shares of Xperi by 197.0% during the 3rd quarter. Barclays PLC now owns 69,991 shares of the semiconductor company’s stock worth $646,000 after purchasing an additional 46,426 shares during the period. FMR LLC raised its position in shares of Xperi by 180.4% during the third 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 last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Xperi by 13.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 10,098 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 1,197 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Xperi by 9.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 492,166 shares of the semiconductor company’s stock valued at $4,548,000 after buying an additional 42,396 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Xperi Stock Up 0.3 %

Shares of XPER opened at $7.74 on Wednesday. The company has a 50-day moving average price of $8.54 and a two-hundred day moving average price of $9.07. The stock has a market cap of $352.35 million, a price-to-earnings ratio of -4.07 and a beta of 1.32. Xperi Inc. has a 12 month low of $6.89 and a 12 month high of $11.49.

Analyst Ratings Changes

Several research firms have commented on XPER. StockNews.com raised Xperi from a “hold” rating to a “buy” rating in a report on Thursday, March 27th. BWS Financial restated a “top pick” rating and set a $30.00 price objective on shares of Xperi in a research report on Thursday, February 27th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $15.00 target price 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.