Thompson Siegel & Walmsley LLC increased its position in shares of Xperi Inc. (NASDAQ:XPER - Free Report) by 379.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,876 shares of the semiconductor company's stock after purchasing an additional 120,962 shares during the period. Thompson Siegel & Walmsley LLC owned 0.33% of Xperi worth $1,413,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in Xperi by 15.2% during the 2nd quarter. Renaissance Technologies LLC now owns 779,573 shares of the semiconductor company's stock worth $6,400,000 after buying an additional 103,060 shares during the period. Rubric Capital Management LP grew its stake in Xperi by 2.5% in the second quarter. Rubric Capital Management LP now owns 4,143,744 shares of the semiconductor company's stock valued at $34,020,000 after purchasing an additional 100,000 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Xperi in the 2nd quarter valued at approximately $2,159,000. Price T Rowe Associates Inc. MD grew its position in Xperi by 3.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 62,848 shares of the semiconductor company's stock worth $758,000 after acquiring an additional 2,030 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Xperi by 959.9% during the second quarter. Assenagon Asset Management S.A. now owns 135,199 shares of the semiconductor company's stock worth $1,110,000 after buying an additional 122,443 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have commented on the company. StockNews.com downgraded Xperi from a "buy" rating to a "hold" rating in a report on Thursday, September 12th. Craig Hallum dropped their price target on Xperi from $15.00 to $12.00 and set a "buy" rating on the stock in a research report on Tuesday, August 6th. BWS Financial reissued a "top pick" rating and issued a $30.00 price objective on shares of Xperi in a research report on Thursday, November 7th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $15.00 price objective on shares of Xperi in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Xperi currently has a consensus rating of "Buy" and a consensus price target of $19.00.
Check Out Our Latest Analysis on Xperi
Insider Buying and Selling
In other news, CEO Jon Kirchner bought 5,000 shares of the stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average price of $8.65 per share, with a total value of $43,250.00. Following the acquisition, the chief executive officer now owns 523,692 shares in the company, valued at $4,529,935.80. This trade represents a 0.96 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.70% of the company's stock.
Xperi Stock Up 0.1 %
Xperi stock traded up $0.01 during trading hours on Friday, hitting $8.71. The stock had a trading volume of 319,628 shares, compared to its average volume of 471,605. Xperi Inc. has a fifty-two week low of $6.89 and a fifty-two week high of $12.29. The company has a market cap of $390.47 million, a PE ratio of -4.58 and a beta of 1.54. The company has a 50-day moving average of $8.95 and a two-hundred day moving average of $8.56.
Xperi Profile
(
Free Report)
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.
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