Healthcare of Ontario Pension Plan Trust Fund Trims Holdings in Xperi Inc. (NASDAQ:XPER)

Healthcare of Ontario Pension Plan Trust Fund trimmed its position in Xperi Inc. (NASDAQ:XPER - Free Report) by 46.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 142,000 shares of the semiconductor company's stock after selling 121,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.32% of Xperi worth $1,312,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in Xperi by 108.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 357,560 shares of the semiconductor company's stock valued at $3,304,000 after purchasing an additional 186,066 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Xperi by 15.2% in the second quarter. Renaissance Technologies LLC now owns 779,573 shares of the semiconductor company's stock worth $6,400,000 after purchasing an additional 103,060 shares during the last quarter. Rubric Capital Management LP increased its position in shares of Xperi by 2.5% during the second quarter. Rubric Capital Management LP now owns 4,143,744 shares of the semiconductor company's stock worth $34,020,000 after purchasing an additional 100,000 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Xperi by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 62,848 shares of the semiconductor company's stock valued at $758,000 after purchasing an additional 2,030 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Xperi by 959.9% in the 2nd 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 in the last quarter. Institutional investors own 94.28% of the company's stock.

Insider Buying and Selling

In related news, CEO Jon Kirchner purchased 5,000 shares of the company's stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average cost of $8.65 per share, for a total transaction of $43,250.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is currently owned by insiders.

Xperi Trading Down 1.8 %

XPER traded down $0.17 during midday trading on Monday, hitting $9.30. 797,819 shares of the company were exchanged, compared to its average volume of 506,665. The firm has a market capitalization of $416.92 million, a price-to-earnings ratio of -4.92 and a beta of 1.54. The company's 50 day simple moving average is $9.01 and its 200 day simple moving average is $8.51. Xperi Inc. has a 1-year low of $6.89 and a 1-year high of $12.29.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Craig Hallum decreased their price target on Xperi from $15.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, August 6th. Rosenblatt Securities restated a "buy" rating and set a $15.00 price target on shares of Xperi in a research note on Tuesday, August 6th. BWS Financial reiterated a "top pick" rating and set a $30.00 price objective on shares of Xperi in a research note on Thursday, November 7th. Finally, StockNews.com downgraded Xperi from a "buy" rating to a "hold" rating in a research report on Thursday, September 12th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $19.00.

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.