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

Xperi Inc. (NASDAQ:XPER) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.70 and traded as high as $10.20. Xperi shares last traded at $9.92, with a volume of 678,422 shares traded.

Analyst Ratings Changes

XPER has been the topic of a number of recent analyst reports. BWS Financial reaffirmed a “top pick” rating and set a $30.00 price objective on shares of Xperi in a report on Thursday, August 22nd. Rosenblatt Securities restated a “buy” rating and issued a $15.00 price target 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 research note on Thursday, September 12th. Finally, Craig Hallum cut their target price on shares of Xperi from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $19.00.

Xperi Stock Performance

The stock’s fifty day moving average is $8.98 and its two-hundred day moving average is $8.70. The firm has a market cap of $454.44 million, a price-to-earnings ratio of -3.98 and a beta of 1.54. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.01 and a current ratio of 2.01.

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

Insider Activity

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ProShare Advisors LLC bought a new stake in Xperi in the second quarter valued at $48,000. Harbor Capital Advisors Inc. increased its stake in shares of Xperi by 66.9% in the second quarter. Harbor Capital Advisors Inc. now owns 8,523 shares of the semiconductor company’s stock valued at $70,000 after buying an additional 3,416 shares in the last quarter. nVerses Capital LLC acquired a new position in Xperi during the 3rd quarter worth about $79,000. MQS Management LLC bought a new stake in Xperi during the 1st quarter worth about $185,000. Finally, SG Americas Securities LLC acquired a new stake in Xperi in the 3rd quarter valued at about $154,000. 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.