Jacobs Levy Equity Management Inc. Has $5.24 Million Stock Holdings in Xperi Inc. $XPER

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. cut its holdings in shares of Xperi Inc. (NASDAQ:XPER - Free Report) by 17.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Xperi by 1.5% during the first quarter. Vanguard Group Inc. now owns 3,707,411 shares of the semiconductor company's stock valued at $28,621,000 after purchasing an additional 53,159 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Xperi by 15.6% during the first quarter. The Manufacturers Life Insurance Company now owns 2,151,343 shares of the semiconductor company's stock valued at $16,608,000 after purchasing an additional 289,685 shares during the last quarter. Wellington Management Group LLP lifted its stake in Xperi by 11.0% during the first quarter. Wellington Management Group LLP now owns 2,091,742 shares of the semiconductor company's stock valued at $16,148,000 after purchasing an additional 207,810 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Xperi by 35.0% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 804,956 shares of the semiconductor company's stock valued at $6,214,000 after purchasing an additional 208,709 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in Xperi by 19.7% during 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. 94.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on XPER shares. Wall Street Zen raised shares of Xperi from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Rosenblatt Securities restated a "buy" rating and issued a $15.00 price target on shares of Xperi in a research report on Tuesday, July 29th. Finally, BWS Financial downgraded shares of Xperi from a "strong-buy" rating to a "moderate buy" rating and reduced their price target for the company from $30.00 to $12.00 in a research report on Tuesday, July 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $13.50.

Xperi Stock Performance

Shares of NASDAQ:XPER traded down $0.05 during mid-day trading on Friday, hitting $6.03. The stock had a trading volume of 430,442 shares, compared to its average volume of 365,102. The company has a market cap of $278.72 million, a PE ratio of -3.17 and a beta of 1.26. Xperi Inc. has a 12-month low of $5.68 and a 12-month high of $11.07. The company's 50 day moving average is $6.56 and its 200-day moving average is $7.27.

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.