Waterfront Wealth Inc. Purchases 117,000 Shares of Xperi Inc. $XPER

Waterfront Wealth Inc. increased its position in Xperi Inc. (NASDAQ:XPER) by 34.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 456,431 shares of the semiconductor company’s stock after purchasing an additional 117,000 shares during the period. Waterfront Wealth Inc.’s holdings in Xperi were worth $2,962,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its holdings in Xperi by 128.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 823,768 shares of the semiconductor company’s stock valued at $5,338,000 after purchasing an additional 463,426 shares during the period. Brandywine Global Investment Management LLC lifted its holdings in Xperi by 490.1% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 198,700 shares of the semiconductor company’s stock worth $1,572,000 after buying an additional 165,030 shares during the period. Immersion Corp grew its position in shares of Xperi by 73.4% in the 2nd quarter. Immersion Corp now owns 602,615 shares of the semiconductor company’s stock worth $4,767,000 after buying an additional 255,174 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Xperi during the second quarter valued at approximately $724,000. Finally, Y Intercept Hong Kong Ltd raised its holdings in shares of Xperi by 647.8% during the second quarter. Y Intercept Hong Kong Ltd now owns 101,857 shares of the semiconductor company’s stock valued at $806,000 after acquiring an additional 88,237 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Xperi Stock Up 5.6%

Shares of XPER stock opened at $5.40 on Monday. The stock has a market cap of $249.98 million, a price-to-earnings ratio of -2.84 and a beta of 1.31. The business’s fifty day moving average is $5.94 and its 200 day moving average is $6.17. Xperi Inc. has a twelve month low of $5.09 and a twelve month high of $9.59.

Analysts Set New Price Targets

XPER has been the subject of a number of research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.00 price target on shares of Xperi in a research note on Thursday, November 6th. BWS Financial reaffirmed a “buy” rating and issued a $12.00 target price on shares of Xperi in a research report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Xperi currently has an average rating of “Buy” and an average target price of $11.00.

Xperi Profile

Xperi Corporation is a global technology company specializing in the development and licensing of semiconductor packaging, imaging and audio technologies, as well as advanced entertainment and automotive solutions. Through its IP Licensing segment, Xperi grants rights to its portfolio of more than 37,000 patents, covering innovations in wafer-level optics, memory packaging and interconnect that enable smaller, faster and more power-efficient devices. The company’s Product & Technology Solutions segment markets branded offerings such as DTS® audio, TiVo® entertainment platforms and Perceive™ imaging software for consumer electronics, mobile devices, set-top boxes and smart home products.

In the automotive arena, Xperi delivers in-vehicle audio enhancement, 360-degree camera and driver-assist imaging, high-definition radio solutions and connected car software designed to improve safety, comfort and entertainment.