Xperi (NASDAQ:XPER) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Xperi Inc. (NASDAQ:XPER) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.95 and traded as high as $9.10. Xperi shares last traded at $9.01, with a volume of 384,999 shares traded.

Wall Street Analyst Weigh In

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

Xperi Trading Up 1.6 %

The business has a 50-day moving average price of $9.69 and a 200 day moving average price of $8.95. The stock has a market cap of $403.74 million, a PE ratio of -4.74 and a beta of 1.34.

Institutional Trading of Xperi

Institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in Xperi by 1.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,830,540 shares of the semiconductor company’s stock worth $16,914,000 after acquiring an additional 33,733 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Xperi by 4.1% during 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 purchasing an additional 56,166 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Xperi by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,043,421 shares of the semiconductor company’s stock valued at $9,643,000 after purchasing an additional 17,498 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Xperi by 0.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 802,736 shares of the semiconductor company’s stock valued at $7,417,000 after purchasing an additional 5,047 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of Xperi by 703.2% during the 2nd quarter. Millennium Management LLC now owns 592,415 shares of the semiconductor company’s stock valued at $4,864,000 after purchasing an additional 518,661 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

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.