Xperi Inc. $XPER Shares Acquired by Clearline Capital LP

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% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 3.30% of Xperi worth $11,602,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XPER. Goldman Sachs Group Inc. raised its holdings in shares of Xperi by 1.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,559,490 shares of the semiconductor company's stock valued at $12,039,000 after buying an additional 17,984 shares during the period. AQR Capital Management LLC raised its holdings in shares of Xperi by 285.3% in the 1st quarter. AQR Capital Management LLC now owns 62,375 shares of the semiconductor company's stock valued at $482,000 after buying an additional 46,186 shares during the period. Immersion Corp purchased a new stake in shares of Xperi in the 1st quarter valued at $2,682,000. The Manufacturers Life Insurance Company raised its holdings in shares of Xperi by 15.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 2,151,343 shares of the semiconductor company's stock valued at $16,608,000 after buying an additional 289,685 shares during the period. Finally, Magnetar Financial LLC purchased a new stake in shares of Xperi in the 1st quarter valued at $378,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports 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 cut Xperi from a "strong-buy" rating to a "moderate buy" rating and lowered their target price for the stock from $30.00 to $12.00 in a research note on Tuesday, July 29th. Finally, Wall Street Zen raised Xperi from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Xperi has an average rating of "Buy" and an average target price of $13.50.

Xperi Stock Performance

Shares of NASDAQ:XPER traded down $0.05 on Friday, hitting $6.03. 430,442 shares of the company's stock were exchanged, compared to its average volume of 365,102. The firm's 50-day moving average is $6.56 and its 200 day moving average is $7.28. The company has a market capitalization of $278.72 million, a PE ratio of -3.17 and a beta of 1.26. Xperi Inc. has a 1-year low of $5.68 and a 1-year high of $11.07.

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.