Connor Clark & Lunn Investment Management Ltd. Raises Stock Position in Xperi Inc. (NASDAQ:XPER)

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Xperi Inc. (NASDAQ:XPER - Free Report) by 108.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 357,560 shares of the semiconductor company's stock after acquiring an additional 186,066 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.78% of Xperi worth $3,304,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of XPER. ProShare Advisors LLC bought a new position in shares of Xperi during the 2nd quarter worth approximately $48,000. Harbor Capital Advisors Inc. lifted its stake in Xperi by 66.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 8,523 shares of the semiconductor company's stock valued at $70,000 after acquiring an additional 3,416 shares during the period. nVerses Capital LLC acquired a new stake in shares of Xperi in the third quarter worth $79,000. SG Americas Securities LLC purchased a new position in shares of Xperi during the third quarter worth $154,000. Finally, State Board of Administration of Florida Retirement System lifted its position in Xperi by 40.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 17,080 shares of the semiconductor company's stock valued at $206,000 after purchasing an additional 4,910 shares during the period. Hedge funds and other institutional investors own 94.28% of the company's stock.

Insider Activity

In other Xperi news, CEO Jon Kirchner bought 5,000 shares of the firm's stock in a transaction on Wednesday, September 11th. The shares were acquired at an average cost of $8.65 per share, with a total value of $43,250.00. Following the purchase, the chief executive officer now directly owns 523,692 shares of the company's stock, valued at $4,529,935.80. This trade represents a 0.96 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on XPER shares. Rosenblatt Securities reiterated a "buy" rating and set a $15.00 price target on shares of Xperi in a research report on Tuesday, August 6th. BWS Financial reaffirmed a "top pick" rating and issued a $30.00 price objective on shares of Xperi in a report on Thursday, November 7th. Craig Hallum decreased their price objective on shares of Xperi from $15.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, August 6th. Finally, StockNews.com lowered Xperi from a "buy" rating to a "hold" rating in a research note on Thursday, September 12th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $19.00.

Xperi Stock Performance

Shares of XPER traded up $0.62 during mid-day trading on Monday, hitting $9.33. 801,205 shares of the company were exchanged, compared to its average volume of 505,164. The stock has a market cap of $418.26 million, a price-to-earnings ratio of -4.58 and a beta of 1.54. Xperi Inc. has a 1-year low of $6.89 and a 1-year high of $12.29. The company has a 50 day moving average of $8.95 and a 200-day moving average of $8.53.

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.