1,088,396 Shares in Xperi Inc. (NASDAQ:XPER) Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new position in Xperi Inc. (NASDAQ:XPER - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,088,396 shares of the semiconductor company's stock, valued at approximately $11,994,000. Assenagon Asset Management S.A. owned about 2.50% of Xperi at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of XPER. Vanguard Group Inc. raised its position in Xperi by 3.2% during the third quarter. Vanguard Group Inc. now owns 11,797,171 shares of the semiconductor company's stock valued at $166,812,000 after purchasing an additional 367,776 shares during the period. BlackRock Inc. boosted its stake in shares of Xperi by 3.5% during the second quarter. BlackRock Inc. now owns 7,053,881 shares of the semiconductor company's stock valued at $92,759,000 after purchasing an additional 239,531 shares in the last quarter. State Street Corp boosted its position in Xperi by 5.8% during the 1st quarter. State Street Corp now owns 4,191,268 shares of the semiconductor company's stock valued at $72,593,000 after acquiring an additional 230,878 shares in the last quarter. Rubric Capital Management LP grew its stake in Xperi by 5.2% in the third quarter. Rubric Capital Management LP now owns 4,043,744 shares of the semiconductor company's stock valued at $39,871,000 after purchasing an additional 200,000 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Xperi by 12.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,808,313 shares of the semiconductor company's stock worth $23,779,000 after buying an additional 202,806 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Xperi Price Performance

XPER stock traded up $0.54 during trading on Friday, hitting $12.06. The stock had a trading volume of 728,197 shares, compared to its average volume of 474,986. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.92 and a quick ratio of 1.92. The company's 50-day moving average price is $11.04 and its two-hundred day moving average price is $10.32. The stock has a market capitalization of $543.06 million, a P/E ratio of -3.78 and a beta of 1.73. Xperi Inc. has a twelve month low of $7.91 and a twelve month high of $13.62.

Xperi (NASDAQ:XPER - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The semiconductor company reported ($0.23) EPS for the quarter, beating analysts' consensus estimates of ($0.39) by $0.16. The company had revenue of $137.23 million during the quarter, compared to the consensus estimate of $138.90 million. Xperi had a negative net margin of 26.20% and a negative return on equity of 7.37%. As a group, research analysts predict that Xperi Inc. will post -1.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

XPER has been the topic of several recent analyst reports. TheStreet upgraded shares of Xperi from a "d+" rating to a "c-" rating in a report on Tuesday, December 26th. StockNews.com raised Xperi from a "hold" rating to a "buy" rating in a report on Friday. Finally, Rosenblatt Securities reissued a "buy" rating and set a $15.00 target price on shares of Xperi in a research note on Friday, March 1st.

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.