Bank of New York Mellon Corp Has $1.62 Million Stake in Xperi Inc. (NASDAQ:XPER)

Bank of New York Mellon Corp trimmed its position in shares of Xperi Inc. (NASDAQ:XPER) by 24.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 157,238 shares of the semiconductor company’s stock after selling 50,740 shares during the period. Bank of New York Mellon Corp’s holdings in Xperi were worth $1,615,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Xperi by 108.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 357,560 shares of the semiconductor company’s stock valued at $3,304,000 after buying an additional 186,066 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Xperi by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,043,421 shares of the semiconductor company’s stock valued at $9,643,000 after buying an additional 17,498 shares during the last quarter. Barclays PLC lifted its holdings in shares of Xperi by 197.0% during the 3rd quarter. Barclays PLC now owns 69,991 shares of the semiconductor company’s stock valued at $646,000 after buying an additional 46,426 shares during the last quarter. FMR LLC raised its stake in shares of Xperi by 180.4% in the 3rd quarter. FMR LLC now owns 363,671 shares of the semiconductor company’s stock valued at $3,360,000 after acquiring an additional 233,987 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Xperi by 13.4% in the 4th 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. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Xperi Stock Performance

Shares of XPER stock opened at $7.96 on Friday. The stock’s 50 day simple moving average is $8.69 and its 200 day simple moving average is $9.09. Xperi Inc. has a twelve month low of $6.89 and a twelve month high of $12.13. The company has a market capitalization of $362.51 million, a price-to-earnings ratio of -4.19 and a beta of 1.32.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on XPER. StockNews.com downgraded Xperi from a “buy” rating to a “hold” rating in a research note on Wednesday. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price objective on shares of Xperi in a research note on Thursday, February 27th. Finally, BWS Financial reissued a “top pick” rating and issued a $30.00 price objective on shares of Xperi in a research note 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.