Xperi Inc. (NASDAQ:XPER) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its position in Xperi Inc. (NASDAQ:XPER - Free Report) by 24.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 157,238 shares of the semiconductor company's stock after selling 50,740 shares during the quarter. Bank of New York Mellon Corp owned about 0.35% of Xperi worth $1,615,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its position in shares of Xperi by 13.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,098 shares of the semiconductor company's stock worth $104,000 after purchasing an additional 1,197 shares in the last quarter. Rhumbline Advisers lifted its holdings in Xperi by 3.1% during the 4th quarter. Rhumbline Advisers now owns 73,905 shares of the semiconductor company's stock worth $759,000 after buying an additional 2,253 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Xperi by 24.4% during the 4th quarter. SG Americas Securities LLC now owns 20,777 shares of the semiconductor company's stock worth $213,000 after buying an additional 4,071 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Xperi by 0.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 802,736 shares of the semiconductor company's stock valued at $7,417,000 after buying an additional 5,047 shares during the period. Finally, West Tower Group LLC grew its stake in shares of 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 in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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Xperi Stock Down 1.5 %

XPER stock traded down $0.12 during trading on Wednesday, hitting $8.07. The company had a trading volume of 223,615 shares, compared to its average volume of 449,790. The firm has a 50-day moving average price of $8.65 and a 200-day moving average price of $9.09. The firm has a market cap of $367.15 million, a PE ratio of -4.25 and a beta of 1.32. Xperi Inc. has a 1-year low of $6.89 and a 1-year high of $12.13.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on XPER shares. Rosenblatt Securities reaffirmed a "buy" rating and issued a $15.00 price target on shares of Xperi in a research report on Thursday, February 27th. StockNews.com cut shares of Xperi from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. Finally, BWS Financial reiterated a "top pick" rating and set a $30.00 price target on shares of Xperi in a report on Thursday, February 27th.

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.