Rhumbline Advisers Sells 3,665 Shares of Xperi Inc. $XPER

Rhumbline Advisers reduced its stake in Xperi Inc. (NASDAQ:XPER) by 5.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,240 shares of the semiconductor company’s stock after selling 3,665 shares during the period. Rhumbline Advisers owned 0.15% of Xperi worth $542,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Clearline Capital LP lifted its position in shares of Xperi by 35.9% in the 1st quarter. Clearline Capital LP now owns 1,502,818 shares of the semiconductor company’s stock worth $11,602,000 after purchasing an additional 397,211 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Xperi by 1.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,559,490 shares of the semiconductor company’s stock worth $12,039,000 after purchasing an additional 17,984 shares during the period. AQR Capital Management LLC lifted its position in shares of Xperi by 285.3% in the 1st quarter. AQR Capital Management LLC now owns 62,375 shares of the semiconductor company’s stock worth $482,000 after purchasing an additional 46,186 shares during the period. Immersion Corp purchased a new stake in shares of Xperi in the 1st quarter worth approximately $2,682,000. Finally, The Manufacturers Life Insurance Company lifted 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 worth $16,608,000 after purchasing an additional 289,685 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Xperi Stock Performance

Shares of XPER stock opened at $6.33 on Wednesday. The stock has a market capitalization of $292.59 million, a P/E ratio of -3.33 and a beta of 1.26. The company has a 50 day moving average price of $6.32 and a 200 day moving average price of $7.18. Xperi Inc. has a fifty-two week low of $5.68 and a fifty-two week high of $11.07.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. BWS Financial lowered shares of Xperi from a “strong-buy” rating to a “moderate buy” rating and reduced their price objective for the stock from $30.00 to $12.00 in a research note on Tuesday, July 29th. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 price objective on shares of Xperi in a research note on Tuesday, July 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $13.50.

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.