Assenagon Asset Management S.A. Boosts Stake in Xperi Inc. $XPER

Assenagon Asset Management S.A. increased its stake in Xperi Inc. (NYSE:XPER) by 47.3% during the first quarter, Holdings Channel.com reports. The firm owned 716,784 shares of the company’s stock after purchasing an additional 230,189 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Xperi were worth $4,014,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in Xperi during the third quarter valued at about $57,000. Tactive Advisors LLC bought a new position in shares of Xperi in the fourth quarter worth about $60,000. Endeavor Private Wealth Inc. bought a new position in shares of Xperi in the fourth quarter worth about $69,000. Alpine Global Management LLC purchased a new position in shares of Xperi during the 4th quarter valued at about $89,000. Finally, Cerity Partners LLC purchased a new position in shares of Xperi during the 4th quarter valued at about $92,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Xperi Stock Performance

NYSE XPER opened at $8.23 on Tuesday. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.10. Xperi Inc. has a twelve month low of $5.07 and a twelve month high of $8.49. The business has a 50-day moving average price of $7.53 and a 200-day moving average price of $6.44. The firm has a market cap of $397.50 million, a price-to-earnings ratio of -8.32 and a beta of 1.45.

Xperi (NYSE:XPER) last issued its earnings results on Wednesday, May 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.08. Xperi had a positive return on equity of 1.09% and a negative net margin of 10.22%.The company had revenue of $114.21 million for the quarter, compared to the consensus estimate of $107.89 million. As a group, equities research analysts predict that Xperi Inc. will post 0.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

XPER has been the subject of several analyst reports. BWS Financial reissued a “buy” rating and issued a $12.00 target price on shares of Xperi in a report on Monday, June 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xperi in a report on Friday, May 29th. Wall Street Zen upgraded shares of Xperi from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Finally, Zacks Research raised shares of Xperi from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average 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.