Assenagon Asset Management S.A. Sells 337,173 Shares of Xperi Inc. $XPER

Assenagon Asset Management S.A. reduced its position in shares of Xperi Inc. (NYSE:XPER) by 40.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 486,595 shares of the company’s stock after selling 337,173 shares during the period. Assenagon Asset Management S.A.’s holdings in Xperi were worth $2,851,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Tactive Advisors LLC bought a new position in Xperi during the 4th quarter valued at approximately $60,000. Maven Securities LTD lifted its holdings in Xperi by 74.9% in the 3rd quarter. Maven Securities LTD now owns 94,452 shares of the company’s stock worth $612,000 after buying an additional 40,445 shares during the period. XTX Topco Ltd bought a new stake in shares of Xperi in the 3rd quarter worth approximately $557,000. Verition Fund Management LLC purchased a new position in shares of Xperi during the third quarter valued at approximately $220,000. Finally, Prelude Capital Management LLC increased its stake in shares of Xperi by 109.3% during the third quarter. Prelude Capital Management LLC now owns 81,178 shares of the company’s stock valued at $526,000 after buying an additional 42,400 shares during the period. 94.28% of the stock is owned by institutional investors.

Xperi Stock Up 0.1%

Shares of NYSE:XPER opened at $5.54 on Tuesday. The firm has a market capitalization of $259.98 million, a P/E ratio of -4.50 and a beta of 1.24. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.42 and a current ratio of 2.42. The stock has a 50 day moving average price of $5.72 and a 200-day moving average price of $6.06. Xperi Inc. has a 52-week low of $5.07 and a 52-week high of $8.50.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Rosenblatt Securities restated a “buy” rating and set a $10.00 target price on shares of Xperi in a report on Thursday, February 26th. Weiss Ratings reissued a “sell (d)” rating on shares of Xperi in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Xperi from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. 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. Finally, Zacks Research lowered shares of Xperi from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Xperi has a consensus rating of “Hold” and an average target price of $11.00.

About Xperi

Xperi Inc (NYSE: XPER) is a global technology company that develops and licenses audio, imaging and semiconductor packaging solutions. The company was formed in 2016 through the spin-off of Tessera Technologies’ product divisions and expanded its product portfolio in 2019 with the acquisition of TiVo Corporation. Headquartered in San Jose, California, Xperi’s technologies underpin a range of consumer electronics, automotive, mobile and broadcast products around the world.

In its technology licensing segment, Xperi offers a broad portfolio of semiconductor packaging and interconnect solutions designed to improve performance and energy efficiency in chips and devices.