Clearline Capital LP Sells 84,981 Shares of Xperi Inc. (NASDAQ:XPER)

Clearline Capital LP trimmed its holdings in shares of Xperi Inc. (NASDAQ:XPER - Free Report) by 7.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,105,607 shares of the semiconductor company's stock after selling 84,981 shares during the period. Xperi makes up 1.5% of Clearline Capital LP's investment portfolio, making the stock its 19th largest holding. Clearline Capital LP owned about 2.47% of Xperi worth $11,355,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of XPER. CenterBook Partners LP bought a new stake in shares of Xperi during the fourth quarter worth about $6,861,000. JPMorgan Chase & Co. raised its position in Xperi by 78.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,519,100 shares of the semiconductor company's stock worth $15,601,000 after acquiring an additional 666,226 shares during the period. Segall Bryant & Hamill LLC purchased a new position in Xperi in the fourth quarter valued at approximately $3,502,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Xperi by 66.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 596,247 shares of the semiconductor company's stock valued at $6,123,000 after buying an additional 238,687 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Xperi during the fourth quarter valued at about $1,577,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Xperi Price Performance

XPER traded up $0.06 during trading on Friday, hitting $8.08. 419,745 shares of the stock traded hands, compared to its average volume of 481,255. Xperi Inc. has a 12-month low of $6.29 and a 12-month high of $11.08. The firm has a market capitalization of $367.79 million, a P/E ratio of -4.25 and a beta of 1.29. The firm has a 50-day moving average of $7.38 and a 200 day moving average of $8.65.

Analysts Set New Price Targets

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

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.