Assenagon Asset Management S.A. Sells 135,613 Shares of Xperi Inc. (NASDAQ:XPER)

Assenagon Asset Management S.A. decreased its position in shares of Xperi Inc. (NASDAQ:XPER - Free Report) by 24.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 416,358 shares of the semiconductor company's stock after selling 135,613 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.91% of Xperi worth $3,214,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in Xperi by 2.9% during the fourth quarter. Wellington Management Group LLP now owns 1,883,932 shares of the semiconductor company's stock valued at $19,348,000 after acquiring an additional 53,392 shares during the period. Virtus Fund Advisers LLC purchased a new position in Xperi in the 4th quarter worth approximately $43,000. Virtus Investment Advisers Inc. bought a new position in Xperi in the 4th quarter worth approximately $212,000. Squarepoint Ops LLC grew its holdings in Xperi by 469.6% during the 4th quarter. Squarepoint Ops LLC now owns 90,893 shares of the semiconductor company's stock valued at $933,000 after buying an additional 74,936 shares in the last quarter. Finally, Two Sigma Advisers LP raised its position in shares of Xperi by 18.9% during the fourth quarter. Two Sigma Advisers LP now owns 14,500 shares of the semiconductor company's stock valued at $149,000 after buying an additional 2,300 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on XPER. Rosenblatt Securities reaffirmed a "buy" rating and set a $15.00 target price on shares of Xperi in a research note on Thursday, February 27th. BWS Financial reissued a "top pick" rating and set a $30.00 price objective on shares of Xperi in a report on Thursday, May 8th. Finally, Wall Street Zen upgraded Xperi from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th.

Xperi Trading Up 3.4%

Shares of XPER stock traded up $0.27 on Monday, reaching $8.10. The company's stock had a trading volume of 283,252 shares, compared to its average volume of 463,302. The stock's fifty day simple moving average is $7.47 and its 200-day simple moving average is $8.47. Xperi Inc. has a 1 year low of $6.29 and a 1 year high of $11.08. The company has a market capitalization of $368.70 million, a price-to-earnings ratio of -4.26 and a beta of 1.30.

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.