Xperi Inc. (NASDAQ:XPER) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its position in Xperi Inc. (NASDAQ:XPER - Free Report) by 66.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 596,247 shares of the semiconductor company's stock after purchasing an additional 238,687 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 1.33% of Xperi worth $6,123,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XPER. Harbor Capital Advisors Inc. grew its stake in shares of Xperi by 13.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 10,098 shares of the semiconductor company's stock valued at $104,000 after buying an additional 1,197 shares during the period. Intech Investment Management LLC acquired a new position in Xperi in the third quarter valued at approximately $121,000. West Tower Group LLC grew its position in Xperi by 91.3% in the third quarter. West Tower Group LLC now owns 13,268 shares of the semiconductor company's stock worth $123,000 after acquiring an additional 6,331 shares during the period. XTX Topco Ltd acquired a new stake in Xperi during the third quarter worth $153,000. Finally, Silverleafe Capital Partners LLC purchased a new stake in Xperi in the fourth quarter valued at $200,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XPER has been the subject of a number of recent 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 reiterated a "top pick" rating and set a $30.00 price target on shares of Xperi in a research report on Thursday, February 27th.

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Xperi Price Performance

Shares of XPER stock traded down $0.18 on Tuesday, hitting $7.83. The stock had a trading volume of 215,963 shares, compared to its average volume of 451,229. The company's 50 day moving average price is $8.79 and its 200-day moving average price is $9.11. Xperi Inc. has a 1 year low of $6.89 and a 1 year high of $12.13. The firm has a market capitalization of $347.34 million, a P/E ratio of -4.12 and a beta of 1.32.

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.