Squarepoint Ops LLC Invests $855,000 in Xperi Inc. $XPER

Squarepoint Ops LLC bought a new stake in shares of Xperi Inc. (NASDAQ:XPER) in the second quarter, Holdings Channel reports. The fund bought 108,154 shares of the semiconductor company’s stock, valued at approximately $855,000.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Xperi by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 3,707,411 shares of the semiconductor company’s stock valued at $28,621,000 after buying an additional 53,159 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Xperi by 16.8% during the second quarter. The Manufacturers Life Insurance Company now owns 2,513,079 shares of the semiconductor company’s stock valued at $19,878,000 after acquiring an additional 361,736 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Xperi by 15.6% during the first quarter. The Manufacturers Life Insurance Company now owns 2,151,343 shares of the semiconductor company’s stock valued at $16,608,000 after acquiring an additional 289,685 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Xperi by 11.0% in the first quarter. Wellington Management Group LLP now owns 2,091,742 shares of the semiconductor company’s stock valued at $16,148,000 after acquiring an additional 207,810 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Xperi by 2.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,560,678 shares of the semiconductor company’s stock worth $12,345,000 after purchasing an additional 40,864 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Xperi Price Performance

Xperi stock opened at $5.89 on Tuesday. The stock has a market capitalization of $272.68 million, a PE ratio of -3.10 and a beta of 1.32. The business has a 50 day simple moving average of $6.24 and a 200-day simple moving average of $6.64. Xperi Inc. has a 12 month low of $5.40 and a 12 month high of $10.62.

Analysts Set New Price Targets

Several research firms have recently weighed in on XPER. Rosenblatt Securities reaffirmed a “buy” rating and set a $10.00 target price on shares of Xperi in a report on Thursday, November 6th. BWS Financial restated a “buy” rating and set a $12.00 price target on shares of Xperi in a research report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $11.00.

About Xperi

Xperi Corporation is a global technology company specializing in the development and licensing of semiconductor packaging, imaging and audio technologies, as well as advanced entertainment and automotive solutions. Through its IP Licensing segment, Xperi grants rights to its portfolio of more than 37,000 patents, covering innovations in wafer-level optics, memory packaging and interconnect that enable smaller, faster and more power-efficient devices. The company’s Product & Technology Solutions segment markets branded offerings such as DTS® audio, TiVo® entertainment platforms and Perceive™ imaging software for consumer electronics, mobile devices, set-top boxes and smart home products.

In the automotive arena, Xperi delivers in-vehicle audio enhancement, 360-degree camera and driver-assist imaging, high-definition radio solutions and connected car software designed to improve safety, comfort and entertainment.