Xperi (NYSE:XPER) Shares Cross Above Fifty Day Moving Average – Here’s Why

Xperi Inc. (NYSE:XPER – Get Free Report) shares passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $5.46 and traded as high as $5.88. Xperi shares last traded at $5.6140, with a volume of 1,151,624 shares trading hands.

Xperi News Roundup

Here are the key news stories impacting Xperi this week:

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on XPER. Rosenblatt Securities reissued a “buy” rating and set a $10.00 price objective on shares of Xperi in a research note on Thursday, August 6th. BWS Financial reaffirmed a “buy” rating and issued a $12.00 target price on shares of Xperi in a research report on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xperi in a research report on Wednesday, August 26th. Finally, Wall Street Zen cut Xperi from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $11.00.

Check Out Our Latest Research Report on XPER

Xperi Stock Up 4.7%

The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.48 and a current ratio of 2.48. The firm has a market cap of $273.79 million, a PE ratio of -8.26 and a beta of 1.40. The stock has a fifty day moving average price of $5.46 and a 200-day moving average price of $6.43.

Xperi (NYSE:XPER – Get Free Report) last posted its earnings results on Wednesday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.07. The firm had revenue of $113.95 million during the quarter, compared to the consensus estimate of $111.47 million. Xperi had a negative net margin of 6.89% and a positive return on equity of 4.44%. Research analysts expect that Xperi Inc. will post 0.53 EPS for the current year.

Institutional Investors Weigh In On Xperi

Institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its position in shares of Xperi by 24.7% in the second quarter. The Manufacturers Life Insurance Company now owns 3,092,416 shares of the company’s stock worth $25,451,000 after acquiring an additional 613,428 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Xperi by 11.4% in the 2nd quarter. Wellington Management Group LLP now owns 2,483,786 shares of the company’s stock valued at $20,442,000 after acquiring an additional 255,082 shares during the period. State Street Corp raised its stake in shares of Xperi by 5.1% in the 2nd quarter. State Street Corp now owns 1,006,453 shares of the company’s stock valued at $8,283,000 after acquiring an additional 48,608 shares during the period. TSP Capital Management Group LLC raised its stake in shares of Xperi by 29.2% in the 3rd quarter. TSP Capital Management Group LLC now owns 1,135,706 shares of the company’s stock valued at $6,258,000 after acquiring an additional 256,630 shares during the period. Finally, Algert Global LLC raised its stake in shares of Xperi by 29.2% in the 2nd quarter. Algert Global LLC now owns 438,668 shares of the company’s stock valued at $3,610,000 after acquiring an additional 99,021 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

About Xperi

(Get Free Report)

Xperi Inc (NYSE: XPER) is an entertainment and consumer technology company that develops software, services and technologies for connected televisions, cars and other consumer electronics. Its products are designed to help people discover, access and enjoy digital entertainment across traditional television, streaming and in-vehicle environments.

The company’s portfolio includes the TiVo entertainment platform, which provides television operating systems, content discovery, viewing guides and related services for smart-TV manufacturers, pay-TV providers and consumers.

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