Neuberger Berman Group LLC Lowers Stake in Xperi Inc. (NASDAQ:XPER)

Neuberger Berman Group LLC cut its stake in Xperi Inc. (NASDAQ:XPER) by 0.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,656,621 shares of the semiconductor company’s stock after selling 2,425 shares during the quarter. Neuberger Berman Group LLC owned about 5.93% of Xperi worth $27,261,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. LSV Asset Management bought a new stake in Xperi during the fourth quarter valued at about $608,000. CenterBook Partners LP purchased a new stake in shares of Xperi during the fourth quarter valued at about $6,861,000. Raymond James Financial Inc. bought a new stake in shares of Xperi in the 4th quarter valued at about $658,000. Renaissance Technologies LLC grew its position in shares of Xperi by 10.0% in the 4th quarter. Renaissance Technologies LLC now owns 751,883 shares of the semiconductor company’s stock worth $7,722,000 after buying an additional 68,310 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Xperi by 1.4% during the 4th quarter. Invesco Ltd. now owns 87,467 shares of the semiconductor company’s stock worth $898,000 after acquiring an additional 1,183 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Xperi Trading Down 6.5 %

Shares of Xperi stock opened at $6.55 on Friday. The firm’s 50 day simple moving average is $8.16 and its two-hundred day simple moving average is $8.94. The firm has a market capitalization of $297.92 million, a price-to-earnings ratio of -3.44 and a beta of 1.29. Xperi Inc. has a 12-month low of $6.32 and a 12-month high of $11.39.

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.