Voya Investment Management LLC Sells 1,939 Shares of Xperi Inc. $XPER

Voya Investment Management LLC reduced its holdings in shares of Xperi Inc. (NASDAQ:XPER) by 12.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,065 shares of the semiconductor company’s stock after selling 1,939 shares during the period. Voya Investment Management LLC’s holdings in Xperi were worth $101,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Y Intercept Hong Kong Ltd bought a new position in Xperi during the first quarter valued at approximately $105,000. Immersion Corp bought a new position in shares of Xperi in the first quarter worth approximately $2,682,000. Trexquant Investment LP bought a new position in shares of Xperi in the first quarter worth approximately $434,000. Clearline Capital LP grew its holdings in shares of Xperi by 35.9% in the first 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 last quarter. Finally, Two Sigma Advisers LP grew its holdings in shares of Xperi by 18.9% in the fourth quarter. Two Sigma Advisers LP now owns 14,500 shares of the semiconductor company’s stock worth $149,000 after purchasing an additional 2,300 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Xperi Trading Up 1.8%

Shares of Xperi stock opened at $6.60 on Thursday. The firm has a market capitalization of $305.08 million, a P/E ratio of -3.47 and a beta of 1.26. The business has a fifty day simple moving average of $6.19 and a two-hundred day simple moving average of $7.13. Xperi Inc. has a 12 month low of $5.68 and a 12 month high of $11.07.

Wall Street Analysts Forecast Growth

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

Xperi 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.