272 Capital LP Sells 552,740 Shares of Xperi Inc. (NASDAQ:XPER)

272 Capital LP reduced its holdings in shares of Xperi Inc. (NASDAQ:XPER - Free Report) by 91.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,500 shares of the semiconductor company's stock after selling 552,740 shares during the quarter. 272 Capital LP owned 0.11% of Xperi worth $448,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in XPER. Price T Rowe Associates Inc. MD grew its stake 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 purchasing an additional 2,030 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Xperi by 21.9% in the first quarter. Public Employees Retirement System of Ohio now owns 49,177 shares of the semiconductor company's stock worth $593,000 after purchasing an additional 8,827 shares during the period. Harbor Capital Advisors Inc. increased its stake in Xperi by 66.9% during the second quarter. Harbor Capital Advisors Inc. now owns 8,523 shares of the semiconductor company's stock valued at $70,000 after purchasing an additional 3,416 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of 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 purchasing an additional 122,443 shares during the period. Finally, Skylands Capital LLC lifted its position in shares of Xperi by 45.7% in the 2nd quarter. Skylands Capital LLC now owns 216,500 shares of the semiconductor company's stock worth $1,777,000 after buying an additional 67,875 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Insider Activity at Xperi

In related news, CEO Jon Kirchner purchased 5,000 shares of the firm's stock in a transaction on Wednesday, September 11th. The shares were bought at an average cost of $8.65 per share, for a total transaction of $43,250.00. Following the transaction, the chief executive officer now directly owns 523,692 shares of the company's stock, valued at approximately $4,529,935.80. This trade represents a 0.96 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Xperi Trading Down 2.6 %

XPER traded down $0.25 on Friday, reaching $9.47. The company had a trading volume of 355,249 shares, compared to its average volume of 527,175. The company has a market capitalization of $424.54 million, a P/E ratio of -4.98 and a beta of 1.54. The company has a fifty day moving average of $9.01 and a 200-day moving average of $8.51. Xperi Inc. has a one year low of $6.89 and a one year high of $12.29.

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.