Xperi Inc. $XPER Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its position in shares of Xperi Inc. (NASDAQ:XPER) by 128.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 823,768 shares of the semiconductor company’s stock after buying an additional 463,426 shares during the period. Assenagon Asset Management S.A. owned 1.78% of Xperi worth $5,338,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Williams & Novak LLC acquired a new position in Xperi in the second quarter valued at $83,000. Creative Planning acquired a new position in Xperi during the second quarter valued at approximately $135,000. Virtus Advisers LLC acquired a new stake in shares of Xperi in the first quarter worth $196,000. Magnetar Financial LLC purchased a new position in shares of Xperi in the 1st quarter valued at $378,000. Finally, AlphaQuest LLC lifted its holdings in shares of Xperi by 50.3% during the 1st quarter. AlphaQuest LLC now owns 55,240 shares of the semiconductor company’s stock valued at $426,000 after acquiring an additional 18,499 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on XPER shares. BWS Financial reissued a “buy” rating and set a $12.00 price target on shares of Xperi in a research report on Monday, November 10th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.00 price target on shares of Xperi in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $11.00.

Xperi Trading Down 0.4%

NASDAQ XPER opened at $5.85 on Monday. Xperi Inc. has a 52 week low of $5.40 and a 52 week high of $10.62. The stock has a market cap of $271.25 million, a price-to-earnings ratio of -3.08 and a beta of 1.32. The company has a 50-day moving average price of $6.25 and a two-hundred day moving average price of $6.65.

Xperi Company Profile

Xperi Corporation is a global technology company specializing in the development and licensing of semiconductor packaging, imaging and audio technologies, as well as advanced entertainment and automotive solutions. Through its IP Licensing segment, Xperi grants rights to its portfolio of more than 37,000 patents, covering innovations in wafer-level optics, memory packaging and interconnect that enable smaller, faster and more power-efficient devices. The company’s Product & Technology Solutions segment markets branded offerings such as DTS® audio, TiVo® entertainment platforms and Perceive™ imaging software for consumer electronics, mobile devices, set-top boxes and smart home products.

In the automotive arena, Xperi delivers in-vehicle audio enhancement, 360-degree camera and driver-assist imaging, high-definition radio solutions and connected car software designed to improve safety, comfort and entertainment.