Connor Clark & Lunn Investment Management Ltd. Has $6.21 Million Holdings 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. lifted its holdings in Xperi Inc. (NASDAQ:XPER - Free Report) by 35.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 804,956 shares of the semiconductor company's stock after buying an additional 208,709 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 1.77% of Xperi worth $6,214,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Xperi by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 3,707,411 shares of the semiconductor company's stock worth $28,621,000 after acquiring an additional 53,159 shares during the period. Royce & Associates LP acquired a new stake in shares of Xperi in the 1st quarter worth about $3,036,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Xperi in the 1st quarter worth about $105,000. New York State Common Retirement Fund increased its holdings in shares of Xperi by 140.5% in the 1st quarter. New York State Common Retirement Fund now owns 8,900 shares of the semiconductor company's stock worth $69,000 after acquiring an additional 5,200 shares during the period. Finally, Waterfront Wealth Inc. increased its holdings in shares of Xperi by 7.0% in the 1st quarter. Waterfront Wealth Inc. now owns 317,588 shares of the semiconductor company's stock worth $2,452,000 after acquiring an additional 20,664 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on XPER shares. Rosenblatt Securities reissued a "buy" rating and set a $15.00 target price on shares of Xperi in a research note on Tuesday, July 29th. BWS Financial cut shares of Xperi from a "strong-buy" rating to a "moderate buy" rating and lowered their target price for the company from $30.00 to $12.00 in a research note on Tuesday, July 29th. Finally, Wall Street Zen raised shares of Xperi from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th.

Xperi Price Performance

Shares of XPER traded up $0.04 during mid-day trading on Friday, hitting $5.93. The company's stock had a trading volume of 663,802 shares, compared to its average volume of 351,790. The firm has a 50-day moving average price of $7.32 and a 200 day moving average price of $7.69. The stock has a market capitalization of $274.32 million, a price-to-earnings ratio of -3.12 and a beta of 1.26. Xperi Inc. has a fifty-two week low of $5.68 and a fifty-two week 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.