Healthcare of Ontario Pension Plan Trust Fund Reduces Stake in Xperi Inc. (NASDAQ:XPER)

Healthcare of Ontario Pension Plan Trust Fund decreased its holdings in shares of Xperi Inc. (NASDAQ:XPER) by 46.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 142,000 shares of the semiconductor company’s stock after selling 121,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Xperi were worth $1,312,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Xperi by 108.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 357,560 shares of the semiconductor company’s stock worth $3,304,000 after purchasing an additional 186,066 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Xperi by 15.2% during the 2nd quarter. Renaissance Technologies LLC now owns 779,573 shares of the semiconductor company’s stock worth $6,400,000 after purchasing an additional 103,060 shares during the period. Rubric Capital Management LP grew its position in Xperi by 2.5% during the 2nd quarter. Rubric Capital Management LP now owns 4,143,744 shares of the semiconductor company’s stock worth $34,020,000 after purchasing an additional 100,000 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Xperi by 3.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 62,848 shares of the semiconductor company’s stock valued at $758,000 after purchasing an additional 2,030 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Xperi by 959.9% in the second quarter. Assenagon Asset Management S.A. now owns 135,199 shares of the semiconductor company’s stock valued at $1,110,000 after buying an additional 122,443 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Activity at Xperi

In related news, CEO Jon Kirchner acquired 5,000 shares of Xperi stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average price of $8.65 per share, for a total transaction of $43,250.00. Following the completion of the purchase, the chief executive officer now directly owns 523,692 shares of the company’s stock, valued at approximately $4,529,935.80. This trade represents a 0.96 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.70% of the company’s stock.

Xperi Trading Down 2.6 %

NASDAQ XPER opened at $9.47 on Monday. The stock has a market capitalization of $424.54 million, a price-to-earnings ratio of -4.98 and a beta of 1.54. The business’s 50 day moving average is $9.01 and its two-hundred day moving average is $8.51. Xperi Inc. has a 12-month low of $6.89 and a 12-month high of $12.29.

Wall Street Analyst Weigh In

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

Xperi Company 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.