Xperi Inc. $XPER Shares Sold by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in Xperi Inc. by 17.5%, selling 143,683 shares and now holding approximately 1.49% of the company's stock valued at $5.2 million.
• Several institutional investors are actively adjusting their positions in Xperi, with notable increases and new stakes, leading to institutional ownership rising to 94.28%.
• Xperi's stock price recently traded up 1.9% to $6.06, despite recent analyst rating downgrades, with an average price target from analysts set at $13.50.

Jacobs Levy Equity Management Inc. decreased its stake in Xperi Inc. (NASDAQ:XPER - Free Report) by 17.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 678,560 shares of the semiconductor company's stock after selling 143,683 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 1.49% of Xperi worth $5,238,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Virtus Fund Advisers LLC purchased a new stake in shares of Xperi in the fourth quarter worth about $43,000. BNP Paribas Financial Markets purchased a new stake in shares of Xperi in the fourth quarter worth about $56,000. New York State Common Retirement Fund boosted its position in shares of Xperi by 140.5% in the first quarter. New York State Common Retirement Fund now owns 8,900 shares of the semiconductor company's stock worth $69,000 after buying an additional 5,200 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Xperi in the first quarter worth about $105,000. Finally, ProShare Advisors LLC purchased a new stake in shares of Xperi in the fourth quarter worth about $132,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Xperi Trading Down 0.7%

NASDAQ XPER traded down $0.05 on Friday, hitting $6.03. 430,442 shares of the stock traded hands, compared to its average volume of 365,102. The stock has a 50-day moving average of $6.61 and a 200 day moving average of $7.30. Xperi Inc. has a twelve month low of $5.68 and a twelve month high of $11.07. The company has a market capitalization of $278.72 million, a P/E ratio of -3.17 and a beta of 1.26.

Analysts Set New Price Targets

XPER has been the topic of several recent analyst reports. Wall Street Zen upgraded Xperi from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. BWS Financial cut Xperi from a "strong-buy" rating to a "moderate buy" rating and cut their price target for the stock from $30.00 to $12.00 in a research note on Tuesday, July 29th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $15.00 price target on shares of Xperi in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company 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.