Xperi Inc. (NASDAQ:XPER) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its stake in Xperi Inc. (NASDAQ:XPER - Free Report) by 75.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,004 shares of the semiconductor company's stock after selling 46,020 shares during the quarter. Voya Investment Management LLC's holdings in Xperi were worth $154,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in XPER. MetLife Investment Management LLC increased its stake in Xperi by 21.0% during the fourth quarter. MetLife Investment Management LLC now owns 33,369 shares of the semiconductor company's stock worth $343,000 after acquiring an additional 5,797 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 valued at $15,172,000 after buying an additional 43,576 shares in the last quarter. LSV Asset Management purchased a new position in Xperi during the 4th quarter valued at about $608,000. CenterBook Partners LP purchased a new position in Xperi during the 4th quarter valued at about $6,861,000. Finally, Raymond James Financial Inc. purchased a new position in Xperi during the 4th quarter valued at about $658,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Xperi Price Performance

Shares of NASDAQ:XPER remained flat at $7.96 on Tuesday. The stock had a trading volume of 20,915 shares, compared to its average volume of 482,254. Xperi Inc. has a twelve month low of $6.29 and a twelve month high of $11.08. The stock has a market capitalization of $362.32 million, a P/E ratio of -4.19 and a beta of 1.29. The stock's fifty day moving average is $7.41 and its 200-day moving average is $8.60.

Analysts Set New Price Targets

A number of brokerages have issued reports on XPER. BWS Financial restated a "top pick" rating and set a $30.00 price target on shares of Xperi in a research note on Thursday, May 8th. StockNews.com upgraded shares of Xperi from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $15.00 price objective on shares of Xperi in a research report on Thursday, February 27th.

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.