Y Intercept Hong Kong Ltd Cuts Holdings in Xperi Inc. (NASDAQ:XPER)

Y Intercept Hong Kong Ltd trimmed its position in Xperi Inc. (NASDAQ:XPER - Free Report) by 84.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,974 shares of the semiconductor company's stock after selling 134,898 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.06% of Xperi worth $231,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. grew its position 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 worth $3,304,000 after acquiring an additional 186,066 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Xperi by 15.2% during the 2nd 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 period. Rubric Capital Management LP increased its position in shares of Xperi by 2.5% during the 2nd 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 during the last quarter. FMR LLC raised its holdings in Xperi by 180.4% in the 3rd quarter. FMR LLC now owns 363,671 shares of the semiconductor company's stock valued at $3,360,000 after buying an additional 233,987 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Xperi in the second quarter valued at about $2,159,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Xperi Stock Up 0.2 %

NASDAQ:XPER traded up $0.02 on Thursday, reaching $10.20. 312,691 shares of the company's stock were exchanged, compared to its average volume of 506,627. The firm has a market capitalization of $457.27 million, a price-to-earnings ratio of -5.37 and a beta of 1.52. Xperi Inc. has a 52-week low of $6.89 and a 52-week high of $12.29. The business has a fifty day moving average of $9.32 and a 200-day moving average of $8.60.

Analysts Set New Price Targets

XPER has been the subject of a number of recent analyst reports. BWS Financial reiterated a "top pick" rating and set a $30.00 price target on shares of Xperi in a research report on Thursday, November 7th. StockNews.com downgraded shares of 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Xperi currently has a consensus rating of "Buy" and an average target price of $19.00.

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.