Assenagon Asset Management S.A. Cuts Position in Xperi Inc. (NASDAQ:XPER)

Assenagon Asset Management S.A. lessened its stake in Xperi Inc. (NASDAQ:XPER - Free Report) by 24.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 416,358 shares of the semiconductor company's stock after selling 135,613 shares during the period. Assenagon Asset Management S.A. owned 0.91% of Xperi worth $3,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in XPER. BNP Paribas Financial Markets acquired a new stake in shares of Xperi in the 4th quarter valued at about $56,000. Raymond James Financial Inc. purchased a new stake in Xperi in the fourth quarter valued at approximately $658,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Xperi by 8.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 794,782 shares of the semiconductor company's stock valued at $8,162,000 after acquiring an additional 61,610 shares during the period. Deutsche Bank AG grew its position in shares of Xperi by 64.0% during the fourth 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, Two Sigma Advisers LP increased its holdings in shares of Xperi by 18.9% in the 4th quarter. Two Sigma Advisers LP now owns 14,500 shares of the semiconductor company's stock valued at $149,000 after acquiring an additional 2,300 shares during the period. Hedge funds and other institutional investors own 94.28% of the company's stock.

Xperi Stock Performance

Xperi stock traded up $0.00 during trading hours on Thursday, reaching $7.74. 253,407 shares of the stock were exchanged, compared to its average volume of 459,588. Xperi Inc. has a 52-week low of $6.29 and a 52-week high of $11.08. The stock has a market cap of $352.49 million, a P/E ratio of -4.08 and a beta of 1.30. The firm's 50 day moving average is $7.53 and its 200 day moving average is $8.45.

Wall Street Analyst Weigh In

XPER has been the subject of a number of recent research reports. Rosenblatt Securities reiterated a "buy" rating and set a $15.00 price target on shares of Xperi in a research note on Thursday, February 27th. Wall Street Zen upgraded Xperi from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Finally, BWS Financial reaffirmed a "top pick" rating and set a $30.00 price objective on shares of Xperi in a research note on Thursday, May 8th.

Xperi 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.