Clearline Capital LP Raises Stake in Xperi Inc. $XPER

Clearline Capital LP lifted its stake in Xperi Inc. (NYSE:XPER) by 12.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,738,981 shares of the company’s stock after purchasing an additional 196,761 shares during the period. Clearline Capital LP’s holdings in Xperi were worth $11,269,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in XPER. Bank of America Corp DE lifted its holdings in Xperi by 74.6% during the 3rd quarter. Bank of America Corp DE now owns 374,695 shares of the company’s stock valued at $2,428,000 after buying an additional 160,098 shares in the last quarter. Aquatic Capital Management LLC bought a new position in Xperi in the 3rd quarter worth about $130,000. Algert Global LLC purchased a new position in shares of Xperi during the third quarter worth approximately $370,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Xperi during the third quarter worth approximately $139,000. Finally, Zacks Investment Management raised its stake in shares of Xperi by 45.1% during the third quarter. Zacks Investment Management now owns 16,954 shares of the company’s stock valued at $110,000 after acquiring an additional 5,266 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Xperi Price Performance

Shares of XPER opened at $5.70 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.42 and a current ratio of 2.42. The company has a 50 day moving average price of $5.82 and a 200-day moving average price of $6.08. Xperi Inc. has a fifty-two week low of $5.07 and a fifty-two week high of $8.50. The stock has a market capitalization of $267.49 million, a PE ratio of -4.63 and a beta of 1.24.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on XPER shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Xperi in a report on Monday, December 29th. BWS Financial restated a “buy” rating and set a $12.00 price objective on shares of Xperi in a report on Tuesday, January 13th. Wall Street Zen raised Xperi from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Zacks Research cut Xperi from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $10.00 price target on shares of Xperi in a research report on Thursday, February 26th. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $11.00.

About Xperi

Xperi Inc (NYSE: XPER) is a global technology company that develops and licenses audio, imaging and semiconductor packaging solutions. The company was formed in 2016 through the spin-off of Tessera Technologies’ product divisions and expanded its product portfolio in 2019 with the acquisition of TiVo Corporation. Headquartered in San Jose, California, Xperi’s technologies underpin a range of consumer electronics, automotive, mobile and broadcast products around the world.

In its technology licensing segment, Xperi offers a broad portfolio of semiconductor packaging and interconnect solutions designed to improve performance and energy efficiency in chips and devices.