Franklin Resources Inc. Increases Holdings in Xperi Inc. (NASDAQ:XPER)

Franklin Resources Inc. raised its holdings in shares of Xperi Inc. (NASDAQ:XPER) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 79,421 shares of the semiconductor company’s stock after acquiring an additional 3,738 shares during the period. Franklin Resources Inc.’s holdings in Xperi were worth $816,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XPER. Vanguard Group Inc. lifted its stake in Xperi by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 3,654,252 shares of the semiconductor company’s stock worth $37,529,000 after acquiring an additional 74,668 shares during the period. Wellington Management Group LLP grew its position in Xperi by 2.9% during the 4th quarter. Wellington Management Group LLP now owns 1,883,932 shares of the semiconductor company’s stock valued at $19,348,000 after purchasing an additional 53,392 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Xperi by 78.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,519,100 shares of the semiconductor company’s stock valued at $15,601,000 after acquiring an additional 666,226 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Xperi by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,043,421 shares of the semiconductor company’s stock valued at $9,643,000 after buying an additional 17,498 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Xperi by 8.4% in the fourth 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. Institutional investors own 94.28% of the company’s stock.

Xperi Stock Up 0.2 %

XPER opened at $6.54 on Thursday. The business has a fifty day moving average of $7.94 and a 200 day moving average of $8.87. Xperi Inc. has a 52-week low of $6.29 and a 52-week high of $11.39. The stock has a market cap of $297.69 million, a P/E ratio of -3.44 and a beta of 1.29.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. BWS Financial reiterated a “top pick” rating and issued a $30.00 price objective on shares of Xperi in a research note on Thursday, February 27th. Rosenblatt Securities reiterated 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.