Xperi Inc. $XPER Shares Purchased by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company increased its stake in Xperi Inc. by 15.6%, owning over 2.15 million shares worth approximately $16.6 million by the end of the 1st quarter.
• Other institutional investors, including Vanguard Group Inc. and Wellington Management Group LLP, have also increased their holdings in Xperi, contributing to a total of 94.28% of the stock being owned by institutional investors.
• Xperi's stock currently has a market capitalization of $272.47 million, with trading activity showing a 52-week low of $5.68 and a high of $11.07, alongside an average price target of $13.50 from analysts.

The Manufacturers Life Insurance Company increased its stake in shares of Xperi Inc. (NASDAQ:XPER - Free Report) by 15.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,151,343 shares of the semiconductor company's stock after purchasing an additional 289,685 shares during the quarter. The Manufacturers Life Insurance Company owned 4.73% of Xperi worth $16,608,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Xperi by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 3,707,411 shares of the semiconductor company's stock worth $28,621,000 after purchasing an additional 53,159 shares in the last quarter. Wellington Management Group LLP grew its stake in Xperi by 11.0% during the 1st quarter. Wellington Management Group LLP now owns 2,091,742 shares of the semiconductor company's stock worth $16,148,000 after purchasing an additional 207,810 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Xperi by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,477,350 shares of the semiconductor company's stock worth $15,172,000 after purchasing an additional 43,576 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Xperi by 2.4% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 822,243 shares of the semiconductor company's stock worth $8,444,000 after purchasing an additional 19,507 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Xperi by 35.0% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 804,956 shares of the semiconductor company's stock worth $6,214,000 after purchasing an additional 208,709 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Xperi Stock Performance

Xperi stock opened at $5.89 on Wednesday. Xperi Inc. has a fifty-two week low of $5.68 and a fifty-two week high of $11.07. The company has a market capitalization of $272.47 million, a P/E ratio of -3.10 and a beta of 1.26. The stock has a 50-day simple moving average of $6.88 and a 200-day simple moving average of $7.43.

Wall Street Analyst Weigh In

XPER has been the subject of several analyst reports. Wall Street Zen raised Xperi from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. BWS Financial downgraded Xperi from a "strong-buy" rating to a "moderate buy" rating and decreased their price target for the stock from $30.00 to $12.00 in a report on Tuesday, July 29th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $15.00 price target on shares of Xperi in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average 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.

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