Assenagon Asset Management S.A. Lowers Holdings in Xperi Inc. $XPER

Assenagon Asset Management S.A. trimmed its position in Xperi Inc. (NYSE:XPER) by 40.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 486,595 shares of the company’s stock after selling 337,173 shares during the period. Assenagon Asset Management S.A. owned 1.05% of Xperi worth $2,851,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. CWM LLC raised its position in shares of Xperi by 485.6% in the third quarter. CWM LLC now owns 7,255 shares of the company’s stock worth $47,000 after buying an additional 6,016 shares in the last quarter. Quantbot Technologies LP purchased a new position in Xperi during the third quarter worth about $57,000. Tactive Advisors LLC purchased a new position in Xperi during the fourth quarter worth about $60,000. AlphaQuest LLC increased its stake in Xperi by 51.6% in the 3rd quarter. AlphaQuest LLC now owns 14,185 shares of the company’s stock worth $92,000 after acquiring an additional 4,829 shares during the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. purchased a new stake in shares of Xperi in the 3rd quarter valued at about $103,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XPER has been the subject of a number of research analyst reports. Zacks Research downgraded Xperi from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Xperi in a research note on Monday, December 29th. BWS Financial reiterated a “buy” rating and set a $12.00 target price on shares of Xperi in a research report on Tuesday, January 13th. Wall Street Zen raised shares of Xperi from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $10.00 price target on shares of Xperi in a report on Thursday, February 26th. Two research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $11.00.

Xperi Price Performance

Shares of NYSE:XPER opened at $5.54 on Tuesday. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.10. The stock has a market cap of $259.98 million, a PE ratio of -4.50 and a beta of 1.24. The company’s fifty day moving average is $5.72 and its 200 day moving average is $6.06. Xperi Inc. has a 52 week low of $5.07 and a 52 week high of $8.50.

Xperi Company Profile

Xperi Inc (NYSE: XPER) is a global technology company that develops and licenses audio, imaging and semiconductor packaging solutions. The company was formed in 2016 through the spin-off of Tessera Technologies’ product divisions and expanded its product portfolio in 2019 with the acquisition of TiVo Corporation. Headquartered in San Jose, California, Xperi’s technologies underpin a range of consumer electronics, automotive, mobile and broadcast products around the world.

In its technology licensing segment, Xperi offers a broad portfolio of semiconductor packaging and interconnect solutions designed to improve performance and energy efficiency in chips and devices.