CenterBook Partners LP Lowers Holdings in Xperi Inc. $XPER

CenterBook Partners LP decreased its position in shares of Xperi Inc. (NASDAQ:XPER) by 61.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 228,194 shares of the semiconductor company’s stock after selling 362,249 shares during the quarter. CenterBook Partners LP’s holdings in Xperi were worth $1,479,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in XPER. CWM LLC lifted its stake in Xperi by 485.6% in the third quarter. CWM LLC now owns 7,255 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 6,016 shares during the period. AlphaQuest LLC increased its position in Xperi by 51.6% during the 3rd quarter. AlphaQuest LLC now owns 14,185 shares of the semiconductor company’s stock valued at $92,000 after purchasing an additional 4,829 shares during the period. Arkfeld Wealth Strategies L.L.C. bought a new stake in shares of Xperi in the 3rd quarter valued at about $103,000. Williams & Novak LLC lifted its position in shares of Xperi by 67.9% in the 3rd quarter. Williams & Novak LLC now owns 17,510 shares of the semiconductor company’s stock worth $113,000 after purchasing an additional 7,080 shares during the period. Finally, Creative Planning purchased a new stake in shares of Xperi in the 2nd quarter worth approximately $135,000. 94.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on XPER shares. Rosenblatt Securities reissued a “buy” rating and set a $10.00 price objective on shares of Xperi in a report on Thursday, November 6th. BWS Financial reiterated a “buy” rating and issued a $12.00 price target on shares of Xperi in a report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $11.00.

Xperi Price Performance

Shares of NASDAQ:XPER opened at $5.49 on Friday. The business’s 50-day moving average is $5.82 and its 200 day moving average is $6.09. Xperi Inc. has a 1 year low of $5.07 and a 1 year high of $9.25. The firm has a market capitalization of $254.24 million, a P/E ratio of -2.89 and a beta of 1.31.

Xperi Company Profile

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.