Polymer Capital Management US LLC Makes New $255,000 Investment in Xperi Inc. (NASDAQ:XPER)

Polymer Capital Management US LLC bought a new stake in shares of Xperi Inc. (NASDAQ:XPER) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 24,852 shares of the semiconductor company’s stock, valued at approximately $255,000.

Several other institutional investors also recently made changes to their positions in XPER. Vanguard Group Inc. boosted its position in Xperi by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 3,654,252 shares of the semiconductor company’s stock valued at $37,529,000 after purchasing an additional 74,668 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Xperi by 2.9% during the fourth quarter. Wellington Management Group LLP now owns 1,883,932 shares of the semiconductor company’s stock valued at $19,348,000 after acquiring an additional 53,392 shares during the period. JPMorgan Chase & Co. grew its position in shares of Xperi by 78.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,519,100 shares of the semiconductor company’s stock worth $15,601,000 after acquiring an additional 666,226 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Xperi by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,046,813 shares of the semiconductor company’s stock worth $10,754,000 after acquiring an additional 3,392 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Xperi by 8.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 794,782 shares of the semiconductor company’s stock worth $8,162,000 after acquiring an additional 61,610 shares during the period. 94.28% of the stock is owned by institutional investors.

Xperi Trading Down 2.5 %

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

Wall Street Analysts Forecast Growth

XPER has been the subject of several recent analyst reports. BWS Financial restated a “top pick” rating and issued a $30.00 target price on shares of Xperi in a research report on Thursday, February 27th. Rosenblatt Securities restated a “buy” rating and issued a $15.00 target price on shares of Xperi in a research report on Thursday, February 27th. Finally, StockNews.com raised Xperi from a “hold” rating to a “buy” rating in a research note on Thursday, March 27th.

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.