Xperi Inc. (NASDAQ:XPER) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund cut its holdings in Xperi Inc. (NASDAQ:XPER) by 46.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 142,000 shares of the semiconductor company’s stock after selling 121,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.32% of Xperi worth $1,312,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. ProShare Advisors LLC purchased a new stake in Xperi in the second quarter valued at $48,000. Harbor Capital Advisors Inc. raised its holdings in Xperi by 66.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 8,523 shares of the semiconductor company’s stock valued at $70,000 after buying an additional 3,416 shares during the period. nVerses Capital LLC acquired a new position in Xperi in the third quarter valued at about $79,000. Intech Investment Management LLC acquired a new position in Xperi in the third quarter valued at about $121,000. Finally, West Tower Group LLC boosted its stake in Xperi by 91.3% during the third quarter. West Tower Group LLC now owns 13,268 shares of the semiconductor company’s stock worth $123,000 after buying an additional 6,331 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Xperi

In other news, CEO Jon Kirchner bought 5,000 shares of Xperi stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average price of $8.65 per share, with a total value of $43,250.00. Following the completion of the acquisition, the chief executive officer now directly owns 523,692 shares in the company, valued at $4,529,935.80. The trade was a 0.96 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

XPER has been the topic of several recent analyst reports. Craig Hallum decreased their price objective on shares of Xperi from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. BWS Financial restated a “top pick” rating and set a $30.00 price target on shares of Xperi in a research report on Thursday, November 7th. StockNews.com downgraded Xperi from a “buy” rating to a “hold” rating in a report on Thursday, September 12th. Finally, Rosenblatt Securities restated a “buy” rating and set a $15.00 target price on shares of Xperi in a report on Tuesday, August 6th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $19.00.

Xperi Stock Down 2.6 %

NASDAQ:XPER opened at $9.47 on Monday. Xperi Inc. has a 52 week low of $6.89 and a 52 week high of $12.29. The company has a fifty day simple moving average of $9.01 and a two-hundred day simple moving average of $8.51. The company has a market cap of $424.54 million, a price-to-earnings ratio of -4.98 and a beta of 1.54.

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.