Assenagon Asset Management S.A. Sells 56,016 Shares of Xperi Inc. $XPER

Assenagon Asset Management S.A. reduced its stake in shares of Xperi Inc. (NASDAQ:XPER) by 13.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 360,342 shares of the semiconductor company’s stock after selling 56,016 shares during the period. Assenagon Asset Management S.A. owned approximately 0.79% of Xperi worth $2,850,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in shares of Xperi during the 4th quarter worth $56,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Xperi in the 1st quarter worth approximately $105,000. Immersion Corp bought a new stake in shares of Xperi in the 1st quarter worth approximately $2,682,000. Deutsche Bank AG lifted its holdings in shares of Xperi by 64.0% in the 4th quarter. Deutsche Bank AG now owns 44,652 shares of the semiconductor company’s stock worth $459,000 after acquiring an additional 17,419 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of Xperi in the 1st quarter worth approximately $434,000. 94.28% of the stock is owned by institutional investors.

Xperi Stock Down 0.1%

Shares of NASDAQ XPER opened at $6.47 on Friday. Xperi Inc. has a 52 week low of $5.68 and a 52 week high of $11.07. The firm’s fifty day moving average is $6.28 and its 200 day moving average is $7.16. The company has a market cap of $299.07 million, a price-to-earnings ratio of -3.40 and a beta of 1.26.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on XPER shares. Rosenblatt Securities restated a “buy” rating and issued a $15.00 price objective on shares of Xperi in a report on Tuesday, July 29th. BWS Financial lowered shares of Xperi from a “strong-buy” rating to a “moderate buy” rating and lowered their price objective for the stock from $30.00 to $12.00 in a report on Tuesday, July 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $13.50.

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.