Y Intercept Hong Kong Ltd Boosts Stake in Xperi Inc. $XPER

Y Intercept Hong Kong Ltd raised its position in Xperi Inc. (NASDAQ:XPER) by 647.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 101,857 shares of the semiconductor company’s stock after buying an additional 88,237 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.22% of Xperi worth $806,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Immersion Corp purchased a new position in Xperi in the 1st quarter valued at about $2,682,000. Clearline Capital LP boosted its position 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 buying an additional 397,211 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Xperi during the first quarter worth about $434,000. Vanguard Group Inc. increased its holdings in Xperi by 1.5% in the first quarter. Vanguard Group Inc. now owns 3,707,411 shares of the semiconductor company’s stock valued at $28,621,000 after buying an additional 53,159 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Xperi by 11.2% in the first quarter. American Century Companies Inc. now owns 107,513 shares of the semiconductor company’s stock valued at $830,000 after buying an additional 10,862 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Xperi Stock Down 3.5%

Shares of NASDAQ XPER opened at $6.37 on Wednesday. The firm’s 50-day moving average price is $6.40 and its two-hundred day moving average price is $7.02. Xperi Inc. has a 52-week low of $5.68 and a 52-week high of $11.07. The stock has a market capitalization of $294.63 million, a P/E ratio of -3.35 and a beta of 1.28.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price objective on shares of Xperi in a report on Tuesday, July 29th. BWS Financial lowered Xperi from a “strong-buy” rating to a “moderate buy” rating and lowered their price objective for the company from $30.00 to $12.00 in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Xperi has an average rating of “Buy” and an average price target 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.