Xperi Inc. (NASDAQ:XPER) Shares Sold by Algert Global LLC

Algert Global LLC trimmed its holdings in Xperi Inc. (NASDAQ:XPER) by 64.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,304 shares of the semiconductor company’s stock after selling 125,756 shares during the period. Algert Global LLC owned about 0.15% of Xperi worth $631,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in XPER. Price T Rowe Associates Inc. MD raised its holdings 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 acquiring an additional 2,030 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Xperi by 66.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 8,523 shares of the semiconductor company’s stock valued at $70,000 after purchasing an additional 3,416 shares in the last quarter. ProShare Advisors LLC acquired a new position in Xperi in the second quarter worth about $48,000. nVerses Capital LLC acquired a new position in Xperi in the third quarter worth about $79,000. Finally, Public Employees Retirement System of Ohio increased its holdings in Xperi by 21.9% in the first quarter. Public Employees Retirement System of Ohio now owns 49,177 shares of the semiconductor company’s stock valued at $593,000 after buying an additional 8,827 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Xperi

In other news, CEO Jon Kirchner purchased 5,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were bought 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 owns 523,692 shares of the company’s stock, valued at $4,529,935.80. This trade represents a 0.96 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. StockNews.com lowered Xperi from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 target price on shares of Xperi in a research note on Tuesday, August 6th. BWS Financial restated a “top pick” rating and issued a $30.00 price target on shares of Xperi in a research 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 for the company in a research report on Tuesday, August 6th. One investment 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $19.00.

Xperi Stock Performance

Shares of XPER opened at $9.47 on Friday. Xperi Inc. has a 1 year low of $6.89 and a 1 year high of $12.29. The firm has a fifty day moving average of $9.01 and a 200-day moving average of $8.52. The company has a market cap of $424.54 million, a price-to-earnings ratio of -4.98 and a beta of 1.54.

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.