Assenagon Asset Management S.A. trimmed its position in Xperi Inc. (NASDAQ:XPER – Free Report) by 13.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 360,342 shares of the semiconductor company’s stock after selling 56,016 shares during the period. Assenagon Asset Management S.A.’s holdings in Xperi were worth $2,850,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new position in Xperi during the 4th quarter valued at $56,000. Y Intercept Hong Kong Ltd purchased a new position in Xperi during the 1st quarter valued at $105,000. Immersion Corp purchased a new position in Xperi during the 1st quarter valued at $2,682,000. Deutsche Bank AG increased its position in Xperi by 64.0% during the 4th quarter. Deutsche Bank AG now owns 44,652 shares of the semiconductor company’s stock valued at $459,000 after purchasing an additional 17,419 shares during the period. Finally, Trexquant Investment LP purchased a new position in Xperi during the 1st quarter valued at $434,000. 94.28% of the stock is owned by hedge funds and other institutional investors.
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Analysts Set New Price Targets
A number of research analysts have issued reports on XPER shares. Rosenblatt Securities reissued a “buy” rating and set a $15.00 price objective on shares of Xperi in a research report on Tuesday, July 29th. BWS Financial downgraded shares of Xperi from a “strong-buy” rating to a “moderate buy” rating and reduced their price objective for the company from $30.00 to $12.00 in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Xperi currently has a consensus rating of “Buy” and an average price target of $13.50.
Read Our Latest Stock Analysis on XPER
Xperi Trading Down 0.1%
Shares of XPER stock opened at $6.47 on Friday. Xperi Inc. has a 12 month low of $5.68 and a 12 month high of $11.07. The stock has a market cap of $299.07 million, a PE ratio of -3.40 and a beta of 1.26. The company’s fifty day moving average price is $6.28 and its 200-day moving average price is $7.16.
Xperi Profile
(Free Report)
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.
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