Williams & Novak LLC Acquires Shares of 10,430 Xperi Inc. $XPER

Williams & Novak LLC acquired a new stake in Xperi Inc. (NASDAQ:XPER) in the second quarter, Holdings Channel reports. The fund acquired 10,430 shares of the semiconductor company’s stock, valued at approximately $83,000.

A number of other institutional investors have also recently bought and sold shares of XPER. Clearline Capital LP boosted its holdings in Xperi by 35.9% in the 1st quarter. Clearline Capital LP now owns 1,502,818 shares of the semiconductor company’s stock valued at $11,602,000 after purchasing an additional 397,211 shares during the period. Royce & Associates LP bought a new stake in Xperi in the 1st quarter valued at about $3,036,000. Immersion Corp bought a new stake in Xperi in the 1st quarter valued at about $2,682,000. The Manufacturers Life Insurance Company raised its position in shares of Xperi by 15.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 2,151,343 shares of the semiconductor company’s stock valued at $16,608,000 after buying an additional 289,685 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Xperi by 35.0% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 804,956 shares of the semiconductor company’s stock valued at $6,214,000 after buying an additional 208,709 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on XPER. BWS Financial cut shares of Xperi from a “strong-buy” rating to a “moderate buy” rating and dropped their target price for the company from $30.00 to $12.00 in a research report on Tuesday, July 29th. Rosenblatt Securities restated a “buy” rating and issued a $15.00 target price on shares of Xperi in a research report on Tuesday, July 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $13.50.

Xperi Price Performance

XPER stock opened at $6.32 on Friday. The company has a 50 day simple moving average of $6.19 and a 200 day simple moving average of $7.06. The stock has a market cap of $292.13 million, a price-to-earnings ratio of -3.32 and a beta of 1.28. Xperi Inc. has a 1 year low of $5.68 and a 1 year high of $11.07.

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.