Assenagon Asset Management S.A. Decreases Stake in Xperi Inc. (NASDAQ:XPER)

Assenagon Asset Management S.A. lowered its position in Xperi Inc. (NASDAQ:XPER) by 6.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 551,971 shares of the semiconductor company’s stock after selling 38,797 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Xperi were worth $5,669,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. ProShare Advisors LLC purchased a new position in Xperi during the 2nd quarter valued at about $48,000. nVerses Capital LLC purchased a new position in Xperi during the 3rd quarter valued at about $79,000. Harbor Capital Advisors Inc. grew its holdings in Xperi by 13.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,098 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 1,197 shares in the last quarter. Intech Investment Management LLC purchased a new position in Xperi during the 3rd quarter valued at about $121,000. Finally, West Tower Group LLC grew its holdings in Xperi by 91.3% during the 3rd quarter. West Tower Group LLC now owns 13,268 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 6,331 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Xperi Trading Down 0.3 %

Shares of NASDAQ XPER opened at $9.01 on Tuesday. Xperi Inc. has a 12 month low of $6.89 and a 12 month high of $12.29. The firm has a market capitalization of $403.74 million, a price-to-earnings ratio of -4.74 and a beta of 1.34. The business has a 50-day moving average of $9.60 and a 200-day moving average of $8.90.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reissued a “top pick” rating and set a $30.00 price objective on shares of Xperi in a report on Thursday, November 7th.

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.