Connor Clark & Lunn Investment Management Ltd. Grows Position in Xperi Inc. (NASDAQ:XPER)

Connor Clark & Lunn Investment Management Ltd. increased its stake in Xperi Inc. (NASDAQ:XPER) by 108.5% during the 3rd quarter, Holdings Channel reports. The firm owned 357,560 shares of the semiconductor company’s stock after purchasing an additional 186,066 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Xperi were worth $3,304,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Russell Investments Group Ltd. increased its holdings in shares of Xperi by 88.0% in the 1st quarter. Russell Investments Group Ltd. now owns 48,693 shares of the semiconductor company’s stock worth $587,000 after buying an additional 22,788 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in Xperi by 40.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 17,080 shares of the semiconductor company’s stock valued at $206,000 after acquiring an additional 4,910 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Xperi by 3.3% during 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 in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Xperi by 21.9% during the first quarter. Public Employees Retirement System of Ohio now owns 49,177 shares of the semiconductor company’s stock worth $593,000 after purchasing an additional 8,827 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Xperi by 55.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 756,438 shares of the semiconductor company’s stock worth $9,123,000 after purchasing an additional 269,604 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Xperi Stock Performance

Shares of XPER stock opened at $8.71 on Monday. The company has a market capitalization of $390.47 million, a P/E ratio of -4.58 and a beta of 1.54. Xperi Inc. has a fifty-two week low of $6.89 and a fifty-two week high of $12.29. The stock has a 50 day moving average price of $8.95 and a two-hundred day moving average price of $8.54.

Wall Street Analyst Weigh In

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

Insider Activity at Xperi

In other news, CEO Jon Kirchner purchased 5,000 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were acquired at an average price of $8.65 per share, with a total value of $43,250.00. Following the acquisition, the chief executive officer now directly owns 523,692 shares in the company, valued at approximately $4,529,935.80. The trade was a 0.96 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by company insiders.

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.