Xperi (NASDAQ:XPER) Stock Crosses Above 200 Day Moving Average – What’s Next?

Xperi Inc. (NASDAQ:XPER) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.87 and traded as high as $9.13. Xperi shares last traded at $9.11, with a volume of 343,235 shares.

Wall Street Analysts Forecast Growth

Separately, BWS Financial restated a “top pick” rating and issued a $30.00 price objective on shares of Xperi in a research note on Thursday, November 7th.

Xperi Stock Performance

The firm has a 50 day moving average price of $9.58 and a two-hundred day moving average price of $8.87. The company has a market capitalization of $406.61 million, a P/E ratio of -4.77 and a beta of 1.34.

Institutional Trading of Xperi

Large investors have recently bought and sold shares of the stock. Rubric Capital Management LP lifted its holdings 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 valued at $34,020,000 after acquiring an additional 100,000 shares during the period. Clearline Capital LP increased its position in shares of Xperi by 37.9% during the 2nd quarter. Clearline Capital LP now owns 2,359,750 shares of the semiconductor company’s stock worth $19,374,000 after purchasing an additional 648,207 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Xperi by 1.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,830,540 shares of the semiconductor company’s stock valued at $16,914,000 after purchasing an additional 33,733 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Xperi by 4.1% in the second 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 in the last quarter. Finally, Geode Capital Management LLC grew its stake in Xperi by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,043,421 shares of the semiconductor company’s stock worth $9,643,000 after buying an additional 17,498 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Xperi Company 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.