Clearline Capital LP Acquires 196,761 Shares of Xperi Inc. $XPER

Clearline Capital LP grew its holdings in shares of Xperi Inc. (NYSE:XPER) by 12.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,738,981 shares of the company’s stock after buying an additional 196,761 shares during the quarter. Clearline Capital LP owned 3.75% of Xperi worth $11,269,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in XPER. Assenagon Asset Management S.A. grew its position in Xperi by 128.6% in the third quarter. Assenagon Asset Management S.A. now owns 823,768 shares of the company’s stock worth $5,338,000 after acquiring an additional 463,426 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Xperi by 16.8% during the second quarter. The Manufacturers Life Insurance Company now owns 2,513,079 shares of the company’s stock valued at $19,878,000 after purchasing an additional 361,736 shares during the period. Vanguard Group Inc. raised its position in Xperi by 8.6% during the third quarter. Vanguard Group Inc. now owns 4,136,934 shares of the company’s stock valued at $26,807,000 after purchasing an additional 327,368 shares during the period. Immersion Corp lifted its stake in shares of Xperi by 73.4% in the 2nd quarter. Immersion Corp now owns 602,615 shares of the company’s stock valued at $4,767,000 after purchasing an additional 255,174 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Xperi by 13.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,410,286 shares of the company’s stock valued at $9,139,000 after purchasing an additional 172,641 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on XPER shares. Wall Street Zen raised Xperi from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Rosenblatt Securities restated a “buy” rating and issued a $10.00 price target on shares of Xperi in a research report on Thursday, February 26th. Zacks Research lowered shares of Xperi from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Xperi in a research report on Monday, December 29th. Finally, BWS Financial reissued a “buy” rating and issued a $12.00 target price on shares of Xperi in a research note on Tuesday, January 13th. Two investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Xperi currently has a consensus rating of “Hold” and an average price target of $11.00.

Xperi Trading Up 0.6%

Shares of NYSE XPER opened at $5.70 on Friday. Xperi Inc. has a fifty-two week low of $5.07 and a fifty-two week high of $8.50. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.42 and a current ratio of 2.42. The company has a market cap of $267.49 million, a price-to-earnings ratio of -4.63 and a beta of 1.24. The business’s 50 day moving average price is $5.82 and its 200-day moving average price is $6.08.

Xperi Profile

Xperi Inc (NYSE: XPER) is a global technology company that develops and licenses audio, imaging and semiconductor packaging solutions. The company was formed in 2016 through the spin-off of Tessera Technologies’ product divisions and expanded its product portfolio in 2019 with the acquisition of TiVo Corporation. Headquartered in San Jose, California, Xperi’s technologies underpin a range of consumer electronics, automotive, mobile and broadcast products around the world.

In its technology licensing segment, Xperi offers a broad portfolio of semiconductor packaging and interconnect solutions designed to improve performance and energy efficiency in chips and devices.