Xperi Inc. (NASDAQ:XPER) Shares Sold by Clearline Capital LP

Clearline Capital LP trimmed its stake in shares of Xperi Inc. (NASDAQ:XPER) by 49.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,190,588 shares of the semiconductor company’s stock after selling 1,169,162 shares during the quarter. Clearline Capital LP owned 2.66% of Xperi worth $11,001,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Rubric Capital Management LP grew its position in shares of Xperi by 2.5% during the second quarter. Rubric Capital Management LP now owns 4,143,744 shares of the semiconductor company’s stock worth $34,020,000 after acquiring an additional 100,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Xperi by 4.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,421,844 shares of the semiconductor company’s stock worth $11,673,000 after purchasing an additional 56,166 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Xperi by 15.2% in the second quarter. Renaissance Technologies LLC now owns 779,573 shares of the semiconductor company’s stock valued at $6,400,000 after buying an additional 103,060 shares in the last quarter. Millennium Management LLC raised its stake in shares of Xperi by 703.2% during the 2nd quarter. Millennium Management LLC now owns 592,415 shares of the semiconductor company’s stock worth $4,864,000 after buying an additional 518,661 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Xperi by 337.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 590,768 shares of the semiconductor company’s stock worth $5,459,000 after buying an additional 455,569 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XPER has been the topic of a number of recent analyst reports. BWS Financial reissued a “top pick” rating and set a $30.00 price target on shares of Xperi in a research note on Thursday, November 7th. Craig Hallum reduced their target price on Xperi from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. StockNews.com downgraded Xperi from a “buy” rating to a “hold” rating in a report on Thursday, September 12th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $15.00 target price on shares of Xperi in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $19.00.

Insider Activity

In other news, CEO Jon Kirchner purchased 5,000 shares of the stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average cost of $8.65 per share, for a total transaction of $43,250.00. Following the acquisition, the chief executive officer now owns 523,692 shares of the company’s stock, valued at $4,529,935.80. The trade was a 0.96 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Xperi Stock Down 2.6 %

XPER opened at $9.47 on Monday. Xperi Inc. has a 12-month low of $6.89 and a 12-month high of $12.29. The firm’s fifty day moving average price is $9.01 and its 200 day moving average price is $8.51.

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.