Waterfront Wealth Inc. Buys 21,843 Shares of Xperi Inc. $XPER

Waterfront Wealth Inc. lifted its holdings in shares of Xperi Inc. (NASDAQ:XPER) by 6.9% in the second quarter, Holdings Channel.com reports. The fund owned 339,431 shares of the semiconductor company’s stock after purchasing an additional 21,843 shares during the quarter. Waterfront Wealth Inc.’s holdings in Xperi were worth $2,685,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XPER. Clearline Capital LP lifted its holdings in shares of Xperi by 35.9% during the 1st quarter. Clearline Capital LP now owns 1,502,818 shares of the semiconductor company’s stock worth $11,602,000 after acquiring an additional 397,211 shares during the period. Royce & Associates LP bought a new position in shares of Xperi during the 1st quarter worth about $3,036,000. Immersion Corp bought a new position in shares of Xperi during the 1st quarter worth about $2,682,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Xperi by 15.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,151,343 shares of the semiconductor company’s stock worth $16,608,000 after acquiring an additional 289,685 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Xperi by 35.0% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 804,956 shares of the semiconductor company’s stock worth $6,214,000 after acquiring an additional 208,709 shares during the period. 94.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. BWS Financial downgraded shares of Xperi from a “strong-buy” rating to a “moderate buy” rating and reduced their price objective for the stock from $30.00 to $12.00 in a report on Tuesday, July 29th. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 price objective on shares of Xperi in a report on Tuesday, July 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Xperi currently has an average rating of “Buy” and a consensus target price of $13.50.

Xperi Stock Up 1.6%

Shares of XPER stock opened at $6.75 on Wednesday. Xperi Inc. has a 12-month low of $5.68 and a 12-month high of $11.07. The company has a market capitalization of $312.07 million, a P/E ratio of -3.55 and a beta of 1.28. The firm has a 50-day moving average price of $6.35 and a 200 day moving average price of $7.01.

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.