Assenagon Asset Management S.A. Sells 38,797 Shares of Xperi Inc. (NASDAQ:XPER)

Assenagon Asset Management S.A. cut its stake in shares of Xperi Inc. (NASDAQ:XPER) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 551,971 shares of the semiconductor company’s stock after selling 38,797 shares during the period. Assenagon Asset Management S.A. owned about 1.23% of Xperi worth $5,669,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of XPER. American Century Companies Inc. lifted its stake in Xperi by 13.7% during the 2nd quarter. American Century Companies Inc. now owns 75,971 shares of the semiconductor company’s stock valued at $624,000 after acquiring an additional 9,139 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Xperi by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,421,844 shares of the semiconductor company’s stock valued at $11,673,000 after acquiring an additional 56,166 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Xperi by 15.2% during the 2nd quarter. Renaissance Technologies LLC now owns 779,573 shares of the semiconductor company’s stock valued at $6,400,000 after acquiring an additional 103,060 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Xperi by 177.8% during the 2nd quarter. Hsbc Holdings PLC now owns 30,566 shares of the semiconductor company’s stock valued at $249,000 after acquiring an additional 19,562 shares in the last quarter. Finally, ProShare Advisors LLC bought a new stake in shares of Xperi during the 2nd quarter worth $48,000. 94.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, BWS Financial reiterated a “top pick” rating and set a $30.00 target price on shares of Xperi in a research note on Thursday, November 7th.

Xperi Price Performance

NASDAQ XPER opened at $9.01 on Tuesday. The business’s fifty day moving average is $9.60 and its 200-day moving average is $8.90. Xperi Inc. has a one year low of $6.89 and a one year high of $12.29. The stock has a market capitalization of $403.74 million, a price-to-earnings ratio of -4.74 and a beta of 1.34.

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.