Clearline Capital LP Acquires 397,211 Shares of Xperi Inc. $XPER

Key Points

• Clearline Capital LP increased its holdings in Xperi Inc. by 35.9% during the first quarter, acquiring an additional 397,211 shares to reach a total of 1,502,818 shares valued at approximately $11.6 million.
• Institutional investors now own 94.28% of Xperi's total stock, indicating a strong interest from larger investment firms.
• Xperi's stock has a current price of $6.13, with analysts issuing a consensus rating of "Buy" and an average price target of $13.50.

Clearline Capital LP raised its holdings in Xperi Inc. (NASDAQ:XPER - Free Report) by 35.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,502,818 shares of the semiconductor company's stock after purchasing an additional 397,211 shares during the quarter. Clearline Capital LP owned approximately 3.30% of Xperi worth $11,602,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp raised its position in shares of Xperi by 5.9% during the fourth quarter. Northern Trust Corp now owns 413,013 shares of the semiconductor company's stock worth $4,242,000 after acquiring an additional 22,947 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Xperi during the fourth quarter worth $56,000. Cubist Systematic Strategies LLC bought a new stake in shares of Xperi during the fourth quarter worth $1,577,000. D. E. Shaw & Co. Inc. increased its holdings in Xperi by 19.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 758,210 shares of the semiconductor company's stock valued at $7,787,000 after purchasing an additional 125,021 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in Xperi by 64.0% in the fourth quarter. Deutsche Bank AG now owns 44,652 shares of the semiconductor company's stock valued at $459,000 after purchasing an additional 17,419 shares during the last quarter. Institutional investors own 94.28% of the company's stock.

Xperi Trading Up 1.8%

NASDAQ:XPER opened at $6.13 on Monday. Xperi Inc. has a 1 year low of $5.68 and a 1 year high of $11.07. The stock has a market cap of $283.53 million, a price-to-earnings ratio of -3.23 and a beta of 1.26. The stock has a 50-day moving average price of $6.77 and a two-hundred day moving average price of $7.36.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Rosenblatt Securities reiterated a "buy" rating and issued a $15.00 price objective on shares of Xperi in a report on Tuesday, July 29th. BWS Financial downgraded Xperi from a "strong-buy" rating to a "moderate buy" rating and dropped their price objective for the company from $30.00 to $12.00 in a report on Tuesday, July 29th. Finally, Wall Street Zen upgraded Xperi from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Xperi currently has a consensus rating of "Buy" and an average price target of $13.50.

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.

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