Connor Clark & Lunn Investment Management Ltd. Boosts Holdings in Xperi Inc. (NASDAQ:XPER)

Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Xperi Inc. (NASDAQ:XPER) by 66.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 596,247 shares of the semiconductor company’s stock after buying an additional 238,687 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Xperi were worth $6,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of XPER. Harbor Capital Advisors Inc. grew its stake in Xperi by 13.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,098 shares of the semiconductor company’s stock valued at $104,000 after acquiring an additional 1,197 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Xperi during the third quarter valued at about $121,000. West Tower Group LLC increased its holdings in shares of Xperi by 91.3% in the third quarter. West Tower Group LLC now owns 13,268 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 6,331 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Xperi in the third quarter worth about $153,000. Finally, Silverleafe Capital Partners LLC bought a new position in Xperi during the fourth quarter valued at approximately $200,000. Institutional investors own 94.28% of the company’s stock.

Xperi Stock Performance

Shares of Xperi stock opened at $7.91 on Friday. The stock has a 50 day moving average price of $8.89 and a 200-day moving average price of $9.12. Xperi Inc. has a one year low of $6.89 and a one year high of $12.13. The stock has a market cap of $350.90 million, a price-to-earnings ratio of -4.16 and a beta of 1.32.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on XPER. BWS Financial reaffirmed a “top pick” rating and set a $30.00 price objective on shares of Xperi in a report on Thursday, February 27th. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 price objective on shares of Xperi in a research report on Thursday, February 27th.

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.