Algert Global LLC trimmed its position in shares of Xperi Inc. (NASDAQ:XPER - Free Report) by 64.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,304 shares of the semiconductor company's stock after selling 125,756 shares during the quarter. Algert Global LLC owned approximately 0.15% of Xperi worth $631,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. ProShare Advisors LLC acquired a new position in shares of Xperi in the 2nd quarter worth approximately $48,000. Harbor Capital Advisors Inc. boosted its stake in Xperi by 66.9% in the second quarter. Harbor Capital Advisors Inc. now owns 8,523 shares of the semiconductor company's stock worth $70,000 after purchasing an additional 3,416 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Xperi during the third quarter worth $79,000. Intech Investment Management LLC acquired a new stake in shares of Xperi in the third quarter valued at $121,000. Finally, SG Americas Securities LLC bought a new position in shares of Xperi in the third quarter valued at about $154,000. Institutional investors and hedge funds own 94.28% of the company's stock.
Insider Buying and Selling
In other Xperi news, CEO Jon Kirchner purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost of $8.65 per share, with a total value of $43,250.00. Following the completion of the transaction, the chief executive officer now owns 523,692 shares in the company, valued at $4,529,935.80. The trade was a 0.96 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on XPER. StockNews.com cut shares of Xperi from a "buy" rating to a "hold" rating in a research report on Thursday, September 12th. BWS Financial restated a "top pick" rating and issued a $30.00 price objective on shares of Xperi in a research report on Thursday, November 7th. Rosenblatt Securities reiterated a "buy" rating and issued a $15.00 price objective on shares of Xperi in a research report on Tuesday, August 6th. Finally, Craig Hallum dropped their target price on Xperi from $15.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, August 6th. One 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, Xperi currently has an average rating of "Buy" and an average target price of $19.00.
View Our Latest Stock Report on XPER
Xperi Stock Down 2.6 %
Shares of Xperi stock traded down $0.25 during trading on Friday, reaching $9.47. 355,249 shares of the company were exchanged, compared to its average volume of 527,175. The firm has a market capitalization of $424.54 million, a price-to-earnings ratio of -4.98 and a beta of 1.54. The business has a 50-day moving average price of $9.01 and a 200-day moving average price of $8.51. Xperi Inc. has a twelve month low of $6.89 and a twelve month high of $12.29.
About Xperi
(
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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