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

Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Xperi Inc. (NASDAQ:XPER - Free Report) by 66.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 596,247 shares of the semiconductor company's stock after acquiring an additional 238,687 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 1.33% of Xperi worth $6,123,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in XPER. Wellington Management Group LLP lifted its position in shares of Xperi by 1.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,830,540 shares of the semiconductor company's stock worth $16,914,000 after buying an additional 33,733 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Xperi by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,043,421 shares of the semiconductor company's stock worth $9,643,000 after buying an additional 17,498 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Xperi by 0.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 802,736 shares of the semiconductor company's stock worth $7,417,000 after buying an additional 5,047 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 buying an additional 42,396 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Xperi by 180.4% in the 3rd quarter. FMR LLC now owns 363,671 shares of the semiconductor company's stock worth $3,360,000 after buying an additional 233,987 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

XPER has been the topic of a number of recent research reports. Rosenblatt Securities restated a "buy" rating and issued a $15.00 price target on shares of Xperi in a research report on Thursday, February 27th. BWS Financial reissued a "top pick" rating and set a $30.00 target price on shares of Xperi in a research note on Thursday, February 27th.

Xperi Stock Down 2.4 %

Xperi stock traded down $0.20 during trading hours on Tuesday, hitting $7.81. 21,530 shares of the company traded hands, compared to its average volume of 450,434. The firm's 50-day simple moving average is $8.84 and its two-hundred day simple moving average is $9.11. The firm has a market cap of $346.46 million, a P/E ratio of -4.11 and a beta of 1.32. Xperi Inc. has a 1-year low of $6.89 and a 1-year high of $12.13.

Xperi Company 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.