Williams & Novak LLC Takes Position in Xperi Inc. $XPER

Williams & Novak LLC acquired a new stake in Xperi Inc. (NASDAQ:XPER) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 10,430 shares of the semiconductor company’s stock, valued at approximately $83,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of XPER. New York State Common Retirement Fund grew its position in shares of Xperi by 140.5% in the 1st quarter. New York State Common Retirement Fund now owns 8,900 shares of the semiconductor company’s stock valued at $69,000 after acquiring an additional 5,200 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Xperi in the 1st quarter valued at about $105,000. Virtus Advisers LLC bought a new position in shares of Xperi in the 1st quarter valued at about $196,000. Brandywine Global Investment Management LLC bought a new position in shares of Xperi in the 1st quarter valued at about $260,000. Finally, Magnetar Financial LLC bought a new position in shares of Xperi in the 1st quarter valued at about $378,000. Institutional investors own 94.28% of the company’s stock.

Xperi Stock Performance

Shares of XPER stock opened at $6.32 on Friday. The company has a market capitalization of $292.13 million, a price-to-earnings ratio of -3.32 and a beta of 1.28. The company has a 50-day simple moving average of $6.19 and a 200 day simple moving average of $7.06. Xperi Inc. has a 52 week low of $5.68 and a 52 week high of $11.07.

Analysts Set New Price Targets

A number of brokerages have recently commented on XPER. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price objective on shares of Xperi in a research report on Tuesday, July 29th. BWS Financial downgraded shares of Xperi from a “strong-buy” rating to a “moderate buy” rating and reduced their target price for the stock from $30.00 to $12.00 in a report on Tuesday, July 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $13.50.

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.