Mutual of America Capital Management LLC Trims Stock Holdings in Xperi Inc. (NASDAQ:XPER)

Mutual of America Capital Management LLC lowered its position in shares of Xperi Inc. (NASDAQ:XPER) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 176,674 shares of the semiconductor company’s stock after selling 4,818 shares during the quarter. Mutual of America Capital Management LLC owned about 0.39% of Xperi worth $1,632,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its stake in shares of Xperi by 3.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 62,848 shares of the semiconductor company’s stock worth $758,000 after buying an additional 2,030 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Xperi by 66.9% in the second quarter. Harbor Capital Advisors Inc. now owns 8,523 shares of the semiconductor company’s stock worth $70,000 after acquiring an additional 3,416 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Xperi by 40.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 17,080 shares of the semiconductor company’s stock worth $206,000 after purchasing an additional 4,910 shares during the last quarter. ProShare Advisors LLC bought a new position in Xperi in the 2nd quarter worth about $48,000. Finally, nVerses Capital LLC purchased a new stake in Xperi during the 3rd quarter valued at about $79,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Transactions at Xperi

In other Xperi news, CEO Jon Kirchner acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average price of $8.65 per share, with a total value of $43,250.00. Following the transaction, the chief executive officer now directly owns 523,692 shares in the company, valued at approximately $4,529,935.80. The trade was a 0.96 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Xperi Trading Up 7.1 %

Shares of XPER stock opened at $9.33 on Tuesday. The stock has a market capitalization of $418.26 million, a P/E ratio of -4.58 and a beta of 1.54. The firm’s 50 day moving average is $8.95 and its 200 day moving average is $8.53. Xperi Inc. has a 12-month low of $6.89 and a 12-month high of $12.29.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on XPER shares. 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 research note on Tuesday, August 6th. BWS Financial reiterated a “top pick” rating and set a $30.00 target price on shares of Xperi in a research note on Thursday, November 7th. StockNews.com lowered Xperi from a “buy” rating to a “hold” rating in a report on Thursday, September 12th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 price target on shares of Xperi in a report on Tuesday, August 6th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $19.00.

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.