The Manufacturers Life Insurance Company Has $16.13 Million Position in Xperi Inc. (NASDAQ:XPER)

The Manufacturers Life Insurance Company lessened its position in Xperi Inc. (NASDAQ:XPER) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,745,438 shares of the semiconductor company’s stock after selling 12,259 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 3.89% of Xperi worth $16,128,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. ProShare Advisors LLC acquired a new position in shares of Xperi during the 2nd quarter worth about $48,000. Harbor Capital Advisors Inc. increased its position in shares of Xperi by 66.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 8,523 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 3,416 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Xperi during the 3rd quarter worth approximately $79,000. Intech Investment Management LLC acquired a new stake in shares of Xperi in the 3rd quarter valued at approximately $121,000. Finally, SG Americas Securities LLC bought a new position in shares of Xperi in the third quarter valued at $154,000. Institutional investors own 94.28% of the company’s stock.

Xperi Price Performance

XPER opened at $9.47 on Monday. The business has a fifty day simple moving average of $9.01 and a 200 day simple moving average of $8.51. Xperi Inc. has a 1 year low of $6.89 and a 1 year high of $12.29. The company has a market capitalization of $424.54 million, a PE ratio of -4.98 and a beta of 1.54.

Insider Activity

In other Xperi news, CEO Jon Kirchner acquired 5,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was acquired at an average price of $8.65 per share, for a total transaction of $43,250.00. Following the purchase, the chief executive officer now directly 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.