Huber Capital Management LLC Sells 383,630 Shares of Xperi Inc. (NASDAQ:XPER)

Huber Capital Management LLC cut its holdings in Xperi Inc. (NASDAQ:XPER - Free Report) by 61.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 238,368 shares of the semiconductor company's stock after selling 383,630 shares during the quarter. Huber Capital Management LLC owned approximately 0.53% of Xperi worth $2,448,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XPER. Harbor Capital Advisors Inc. increased its holdings 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 buying an additional 1,197 shares in the last quarter. LPL Financial LLC bought a new stake in Xperi during the 4th quarter worth $115,000. Intech Investment Management LLC acquired a new position in Xperi in the 3rd quarter worth about $121,000. XTX Topco Ltd bought a new position in Xperi in the third quarter valued at about $153,000. Finally, ExodusPoint Capital Management LP acquired a new stake in shares of Xperi during the fourth quarter valued at about $193,000. Institutional investors own 94.28% of the company's stock.

Xperi Price Performance

Shares of Xperi stock traded down $0.19 during midday trading on Tuesday, reaching $6.53. The company had a trading volume of 242,156 shares, compared to its average volume of 470,964. The firm has a market cap of $297.28 million, a PE ratio of -3.44 and a beta of 1.29. The stock has a fifty day moving average price of $8.39 and a 200 day moving average price of $9.02. Xperi Inc. has a fifty-two week low of $6.46 and a fifty-two week high of $11.39.

Analyst Upgrades and Downgrades

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

Xperi 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.