Y Intercept Hong Kong Ltd Sells 134,898 Shares of Xperi Inc. (NASDAQ:XPER)

Y Intercept Hong Kong Ltd cut its holdings in shares of Xperi Inc. (NASDAQ:XPER) by 84.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,974 shares of the semiconductor company’s stock after selling 134,898 shares during the quarter. Y Intercept Hong Kong Ltd owned approximately 0.06% of Xperi worth $231,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in XPER. Rubric Capital Management LP increased its holdings in 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 buying an additional 100,000 shares during the last quarter. Clearline Capital LP increased its stake in shares of Xperi by 37.9% during the 2nd quarter. Clearline Capital LP now owns 2,359,750 shares of the semiconductor company’s stock worth $19,374,000 after purchasing an additional 648,207 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Xperi by 1.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,830,540 shares of the semiconductor company’s stock worth $16,914,000 after purchasing an additional 33,733 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Xperi by 4.1% in the 2nd 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 during the period. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Xperi by 0.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 802,736 shares of the semiconductor company’s stock valued at $7,417,000 after purchasing an additional 5,047 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. BWS Financial reissued a “top pick” rating and issued a $30.00 target price on shares of Xperi in a research report on Thursday, November 7th. StockNews.com lowered Xperi from a “buy” rating to a “hold” rating in a report on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $19.00.

Xperi Stock Performance

Shares of NASDAQ XPER opened at $10.18 on Thursday. The stock has a fifty day moving average of $9.29 and a 200-day moving average of $8.59. The stock has a market cap of $456.37 million, a PE ratio of -5.36 and a beta of 1.52. Xperi Inc. has a fifty-two week low of $6.89 and a fifty-two week high of $12.29.

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.