The Manufacturers Life Insurance Company Sells 12,259 Shares of Xperi Inc. (NASDAQ:XPER)

The Manufacturers Life Insurance Company decreased its position in shares of Xperi Inc. (NASDAQ:XPER) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,745,438 shares of the semiconductor company’s stock after selling 12,259 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Xperi were worth $16,128,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of XPER. ProShare Advisors LLC bought a new position in shares of Xperi in the 2nd quarter valued at $48,000. Harbor Capital Advisors Inc. grew its position in Xperi by 66.9% in the second quarter. Harbor Capital Advisors Inc. now owns 8,523 shares of the semiconductor company’s stock valued at $70,000 after acquiring an additional 3,416 shares during the last quarter. nVerses Capital LLC acquired a new position in Xperi during the third quarter worth about $79,000. Intech Investment Management LLC bought a new position in shares of Xperi in the third quarter worth about $121,000. Finally, Quest Partners LLC acquired a new stake in shares of Xperi in the 2nd quarter valued at approximately $141,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Jon Kirchner purchased 5,000 shares of the stock in a transaction on Wednesday, September 11th. The stock was purchased at an average price of $8.65 per share, for a total transaction of $43,250.00. Following the acquisition, the chief executive officer now owns 523,692 shares in the company, valued at $4,529,935.80. This trade represents a 0.96 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on XPER. Craig Hallum dropped their price objective on shares of Xperi from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price target on shares of Xperi in a research note on Tuesday, August 6th. BWS Financial restated a “top pick” rating and set a $30.00 price objective on shares of Xperi in a research report on Thursday, November 7th. Finally, StockNews.com downgraded Xperi from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $19.00.

Xperi Stock Performance

Shares of NASDAQ:XPER opened at $9.47 on Monday. The firm has a market cap of $424.54 million, a PE ratio of -4.98 and a beta of 1.54. Xperi Inc. has a 52 week low of $6.89 and a 52 week high of $12.29. The firm’s fifty day moving average is $9.01 and its 200-day moving average is $8.51.

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.