Connor Clark & Lunn Investment Management Ltd. Raises Stock Position in Xperi Inc. (NASDAQ:XPER)

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its stake in Xperi Inc. by 35%, owning 1.77% of the company after acquiring an additional 208,709 shares, totaling approximately $6.2 million.
• Other institutional investors also made significant moves, with 94.28% of the stock now held by hedge funds and institutions, indicating robust institutional interest in Xperi.
• Analysts have mixed opinions on Xperi, with Rosenblatt Securities setting a target price of $15.00, while BWS Financial lowered its target from $30 to $12.

Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Xperi Inc. (NASDAQ:XPER - Free Report) by 35.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 804,956 shares of the semiconductor company's stock after purchasing an additional 208,709 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 1.77% of Xperi worth $6,214,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new stake in shares of Xperi during the fourth quarter worth approximately $56,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Xperi during the first quarter worth approximately $105,000. Deutsche Bank AG increased its stake in shares of Xperi by 64.0% during the fourth quarter. Deutsche Bank AG now owns 44,652 shares of the semiconductor company's stock worth $459,000 after buying an additional 17,419 shares during the period. Two Sigma Advisers LP increased its stake in shares of Xperi by 18.9% during the fourth quarter. Two Sigma Advisers LP now owns 14,500 shares of the semiconductor company's stock worth $149,000 after buying an additional 2,300 shares during the period. Finally, Man Group plc purchased a new stake in shares of Xperi during the fourth quarter worth approximately $362,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Xperi Price Performance

Shares of NASDAQ XPER opened at $6.04 on Wednesday. The stock has a fifty day moving average price of $7.43 and a 200 day moving average price of $7.75. Xperi Inc. has a 1-year low of $5.68 and a 1-year high of $11.07. The company has a market cap of $274.75 million, a PE ratio of -3.18 and a beta of 1.26.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on XPER. Rosenblatt Securities restated a "buy" rating and set a $15.00 target price on shares of Xperi in a research note on Tuesday, July 29th. Wall Street Zen upgraded shares of Xperi from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Finally, BWS Financial lowered shares of Xperi from a "strong-buy" rating to a "moderate buy" rating and dropped their price target for the company from $30.00 to $12.00 in a research note on Tuesday, July 29th.

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.

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