Polymer Capital Management US LLC Purchases Shares of 24,852 Xperi Inc. (NASDAQ:XPER)

Polymer Capital Management US LLC acquired a new position in shares of Xperi Inc. (NASDAQ:XPER) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 24,852 shares of the semiconductor company’s stock, valued at approximately $255,000. Polymer Capital Management US LLC owned 0.06% of Xperi as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Xperi by 1.7% in 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 in the last quarter. Barclays PLC grew its stake in shares of Xperi by 197.0% in the third quarter. Barclays PLC now owns 69,991 shares of the semiconductor company’s stock valued at $646,000 after buying an additional 46,426 shares in the last quarter. FMR LLC grew its stake in shares of Xperi by 180.4% in 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 in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Xperi by 13.4% during the 4th 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 position in Xperi by 9.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 492,166 shares of the semiconductor company’s stock worth $4,548,000 after acquiring an additional 42,396 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Xperi Stock Down 2.5 %

Shares of XPER opened at $6.71 on Tuesday. The firm has a market cap of $305.20 million, a price-to-earnings ratio of -3.53 and a beta of 1.29. The business’s 50 day moving average is $8.39 and its two-hundred day moving average is $9.02. Xperi Inc. has a 52-week low of $6.46 and a 52-week high of $11.39.

Analyst Ratings Changes

A number of research firms have recently issued reports on XPER. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 price objective on shares of Xperi in a research note on Thursday, February 27th. StockNews.com raised shares of Xperi from a “hold” rating to a “buy” rating in a report on Thursday, March 27th. Finally, BWS Financial reiterated a “top pick” rating and issued a $30.00 price objective on shares of Xperi in a report on Thursday, February 27th.

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.