West Tower Group LLC Has $123,000 Holdings in Xperi Inc. (NASDAQ:XPER)

West Tower Group LLC lifted its holdings in Xperi Inc. (NASDAQ:XPER) by 91.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,268 shares of the semiconductor company’s stock after purchasing an additional 6,331 shares during the period. West Tower Group LLC’s holdings in Xperi were worth $123,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Rubric Capital Management LP lifted its stake in shares of Xperi by 2.5% in the 2nd quarter. Rubric Capital Management LP now owns 4,143,744 shares of the semiconductor company’s stock valued at $34,020,000 after purchasing an additional 100,000 shares during the last quarter. Clearline Capital LP lifted its stake in shares of Xperi by 37.9% in the 2nd quarter. Clearline Capital LP now owns 2,359,750 shares of the semiconductor company’s stock valued at $19,374,000 after purchasing an additional 648,207 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Xperi by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,421,844 shares of the semiconductor company’s stock valued at $11,673,000 after purchasing an additional 56,166 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Xperi by 15.2% in the 2nd quarter. Renaissance Technologies LLC now owns 779,573 shares of the semiconductor company’s stock valued at $6,400,000 after purchasing an additional 103,060 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Xperi by 55.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 756,438 shares of the semiconductor company’s stock valued at $9,123,000 after purchasing an additional 269,604 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Activity at Xperi

In other news, CEO Jon Kirchner purchased 5,000 shares of Xperi stock in a transaction on Wednesday, September 11th. The shares were purchased at an average cost of $8.65 per share, for a total transaction of $43,250.00. Following the completion of the transaction, the chief executive officer now directly owns 523,692 shares in the company, valued at approximately $4,529,935.80. This represents a 0.96 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Wall Street Analyst Weigh In

Several research analysts recently commented on XPER shares. BWS Financial reiterated a “top pick” rating and issued a $30.00 target price on shares of Xperi in a report on Thursday, November 7th. StockNews.com downgraded shares of Xperi from a “buy” rating to a “hold” rating in a report on Thursday, September 12th. Craig Hallum dropped their target price 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. Finally, Rosenblatt Securities reiterated a “buy” rating and issued 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $19.00.

Xperi Stock Up 7.1 %

NASDAQ XPER opened at $9.33 on Tuesday. The stock has a market cap of $418.26 million, a P/E ratio of -4.91 and a beta of 1.54. The company’s 50-day simple moving average is $8.96 and its 200 day simple moving average is $8.52. Xperi Inc. has a twelve month low of $6.89 and a twelve month high of $12.29.

Xperi Company 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.