Assenagon Asset Management S.A. Has $3.21 Million Stock Position in Xperi Inc. (NASDAQ:XPER)

Assenagon Asset Management S.A. lowered its holdings in Xperi Inc. (NASDAQ:XPER) by 24.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 416,358 shares of the semiconductor company’s stock after selling 135,613 shares during the quarter. Assenagon Asset Management S.A. owned 0.91% of Xperi worth $3,214,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new stake in shares of Xperi during the 4th quarter worth approximately $56,000. Raymond James Financial Inc. acquired a new stake in Xperi in the 4th quarter valued at $658,000. Arrowstreet Capital Limited Partnership boosted its stake in Xperi by 8.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 794,782 shares of the semiconductor company’s stock valued at $8,162,000 after buying an additional 61,610 shares in the last quarter. Deutsche Bank AG boosted its stake in Xperi by 64.0% in the 4th quarter. Deutsche Bank AG now owns 44,652 shares of the semiconductor company’s stock valued at $459,000 after buying an additional 17,419 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Xperi by 3.1% in the 4th quarter. Rhumbline Advisers now owns 73,905 shares of the semiconductor company’s stock valued at $759,000 after buying an additional 2,253 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Xperi Stock Performance

Shares of XPER opened at $7.82 on Monday. The stock has a fifty day moving average price of $7.47 and a two-hundred day moving average price of $8.48. Xperi Inc. has a 52-week low of $6.29 and a 52-week high of $11.08. The company has a market cap of $355.72 million, a price-to-earnings ratio of -4.11 and a beta of 1.30.

Wall Street Analyst Weigh In

Several analysts recently commented on XPER shares. Wall Street Zen raised Xperi from a “hold” rating to a “buy” rating in a research note on Saturday, May 17th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $15.00 price target on shares of Xperi in a research note on Thursday, February 27th. Finally, BWS Financial reaffirmed a “top pick” rating and issued a $30.00 price target on shares of Xperi in a research note on Thursday, May 8th.

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.