State Street Corp Sells 39,657 Shares of Xperi Inc. (NASDAQ:XPER)

State Street Corp decreased its position in shares of Xperi Inc. (NASDAQ:XPER) by 3.3% during the third quarter, HoldingsChannel reports. The fund owned 1,165,635 shares of the semiconductor company’s stock after selling 39,657 shares during the quarter. State Street Corp’s holdings in Xperi were worth $10,770,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ProShare Advisors LLC purchased a new position in Xperi during the 2nd quarter valued at $48,000. nVerses Capital LLC bought a new stake in shares of Xperi during the third quarter worth $79,000. Intech Investment Management LLC purchased a new stake in shares of Xperi during the third quarter valued at $121,000. West Tower Group LLC grew its holdings in shares of Xperi by 91.3% in the third quarter. West Tower Group LLC now owns 13,268 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 6,331 shares during the last quarter. Finally, Quest Partners LLC purchased a new position in Xperi in the 2nd quarter worth about $141,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Xperi Price Performance

Shares of Xperi stock opened at $10.35 on Friday. Xperi Inc. has a 1 year low of $6.89 and a 1 year high of $12.29. The stock has a market cap of $463.99 million, a price-to-earnings ratio of -5.45 and a beta of 1.52. The firm’s 50-day moving average is $9.42 and its two-hundred day moving average is $8.66.

Wall Street Analyst Weigh In

XPER has been the topic of a number of research reports. BWS Financial reaffirmed a “top pick” rating and set a $30.00 target price on shares of Xperi in a research report on Thursday, November 7th. StockNews.com downgraded Xperi from a “buy” rating to a “hold” rating in a report on Thursday, September 12th.

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.