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

Clearline Capital LP reduced its position in shares of Xperi Inc. (NASDAQ:XPER - Free Report) by 7.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,105,607 shares of the semiconductor company's stock after selling 84,981 shares during the period. Xperi comprises about 1.5% of Clearline Capital LP's investment portfolio, making the stock its 19th largest holding. Clearline Capital LP owned 2.47% of Xperi worth $11,355,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Invesco Ltd. lifted its position in shares of Xperi by 1.4% in the fourth quarter. Invesco Ltd. now owns 87,467 shares of the semiconductor company's stock valued at $898,000 after buying an additional 1,183 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Xperi by 13.4% during the 4th 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 during the last quarter. Nebula Research & Development LLC lifted its holdings in Xperi by 10.1% during the 4th quarter. Nebula Research & Development LLC now owns 22,972 shares of the semiconductor company's stock worth $236,000 after purchasing an additional 2,104 shares during 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 purchasing an additional 2,253 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Xperi by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 1,046,813 shares of the semiconductor company's stock worth $10,754,000 after purchasing an additional 3,392 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. StockNews.com cut Xperi from a "buy" rating to a "hold" rating in a report on Friday. BWS Financial reissued a "top pick" rating and set a $30.00 price target on shares of Xperi in a report on Thursday, May 8th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $15.00 price target on shares of Xperi in a report on Thursday, February 27th.

Xperi Price Performance

Shares of Xperi stock traded down $0.09 during trading hours on Tuesday, reaching $8.27. The company had a trading volume of 209,443 shares, compared to its average volume of 481,632. The firm has a market cap of $376.43 million, a PE ratio of -4.35 and a beta of 1.29. Xperi Inc. has a one year low of $6.29 and a one year high of $11.08. The business has a fifty day simple moving average of $7.38 and a 200 day simple moving average of $8.64.

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.