Connor Clark & Lunn Investment Management Ltd. Acquires 238,687 Shares of Xperi Inc. (NASDAQ:XPER)

Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Xperi Inc. (NASDAQ:XPER - Free Report) by 66.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 596,247 shares of the semiconductor company's stock after purchasing an additional 238,687 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 1.33% of Xperi worth $6,123,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC raised its position in Xperi by 180.4% during the third quarter. FMR LLC now owns 363,671 shares of the semiconductor company's stock valued at $3,360,000 after acquiring an additional 233,987 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in shares of Xperi by 379.0% in the third quarter. Thompson Siegel & Walmsley LLC now owns 152,876 shares of the semiconductor company's stock worth $1,413,000 after buying an additional 120,962 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Xperi in the 4th quarter valued at $658,000. Barclays PLC raised its holdings in Xperi by 197.0% in the 3rd quarter. Barclays PLC now owns 69,991 shares of the semiconductor company's stock worth $646,000 after acquiring an additional 46,426 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Xperi by 9.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 492,166 shares of the semiconductor company's stock worth $4,548,000 after acquiring an additional 42,396 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analyst Weigh In

XPER has been the subject of several research analyst reports. Rosenblatt Securities reissued a "buy" rating and set a $15.00 price objective on shares of Xperi in a research report on Thursday, February 27th. BWS Financial reaffirmed a "top pick" rating and set a $30.00 price objective on shares of Xperi in a research report on Thursday, February 27th.

Xperi Stock Up 2.1 %

XPER traded up $0.17 during trading on Monday, hitting $8.07. The company's stock had a trading volume of 100,219 shares, compared to its average volume of 451,149. The firm's 50 day moving average price is $8.89 and its two-hundred day moving average price is $9.12. The stock has a market capitalization of $358.00 million, a price-to-earnings ratio of -4.23 and a beta of 1.32. Xperi Inc. has a 12 month low of $6.89 and a 12 month high of $12.13.

Xperi Profile

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.