Assenagon Asset Management S.A. Has $5.46 Million Stake in Xperi Inc. (NASDAQ:XPER)

Assenagon Asset Management S.A. raised its stake in Xperi Inc. (NASDAQ:XPER - Free Report) by 337.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 590,768 shares of the semiconductor company's stock after purchasing an additional 455,569 shares during the period. Assenagon Asset Management S.A. owned 1.29% of Xperi worth $5,459,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Rubric Capital Management LP grew its position in shares of Xperi by 2.5% during the second quarter. Rubric Capital Management LP now owns 4,143,744 shares of the semiconductor company's stock worth $34,020,000 after acquiring an additional 100,000 shares during the last quarter. Clearline Capital LP grew its position in Xperi by 37.9% in the 2nd quarter. Clearline Capital LP now owns 2,359,750 shares of the semiconductor company's stock valued at $19,374,000 after buying an additional 648,207 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Xperi by 4.1% in 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 buying an additional 56,166 shares during the last quarter. Renaissance Technologies LLC grew its position in Xperi by 15.2% in the 2nd quarter. Renaissance Technologies LLC now owns 779,573 shares of the semiconductor company's stock valued at $6,400,000 after buying an additional 103,060 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in Xperi by 55.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 756,438 shares of the semiconductor company's stock valued at $9,123,000 after buying an additional 269,604 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Xperi Trading Down 1.8 %

XPER traded down $0.17 during midday trading on Wednesday, hitting $9.34. The company's stock had a trading volume of 158,211 shares, compared to its average volume of 502,513. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.14. The firm has a market cap of $427.87 million, a P/E ratio of -3.82 and a beta of 1.57. The firm has a 50-day moving average price of $8.91 and a two-hundred day moving average price of $8.71. Xperi Inc. has a 52-week low of $6.89 and a 52-week high of $12.29.

Xperi (NASDAQ:XPER - Get Free Report) last issued its earnings results on Monday, August 5th. The semiconductor company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.34) by $0.13. Xperi had a negative return on equity of 10.15% and a negative net margin of 21.67%. The business had revenue of $119.59 million during the quarter, compared to analysts' expectations of $118.95 million. On average, research analysts anticipate that Xperi Inc. will post -0.83 earnings per share for the current year.

Insider Buying and Selling

In other Xperi news, CEO Jon Kirchner bought 5,000 shares of the business's stock in a transaction on Wednesday, September 11th. The shares were bought at an average cost of $8.65 per share, with a total value of $43,250.00. Following the transaction, the chief executive officer now directly owns 523,692 shares in the company, valued at approximately $4,529,935.80. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director David C. Habiger bought 5,750 shares of Xperi stock in a transaction dated Wednesday, August 21st. The stock was acquired at an average cost of $8.68 per share, with a total value of $49,910.00. Following the completion of the acquisition, the director now directly owns 68,205 shares in the company, valued at approximately $592,019.40. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jon Kirchner bought 5,000 shares of Xperi stock in a transaction dated Wednesday, September 11th. The shares were bought at an average cost of $8.65 per share, with a total value of $43,250.00. Following the completion of the acquisition, the chief executive officer now owns 523,692 shares of the company's stock, valued at $4,529,935.80. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 13,600 shares of company stock valued at $117,948.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Craig Hallum lowered their price objective on shares of Xperi from $15.00 to $12.00 and set a "buy" rating on the stock in a research report on Tuesday, August 6th. Rosenblatt Securities reissued a "buy" rating and issued a $15.00 target price on shares of Xperi in a report on Tuesday, August 6th. StockNews.com downgraded Xperi from a "buy" rating to a "hold" rating in a report on Thursday, September 12th. Finally, BWS Financial reissued a "top pick" rating and issued a $30.00 target price on shares of Xperi in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $19.00.

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.