Xperi (NASDAQ:XPER) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Xperi Inc. (NASDAQ:XPER)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 changing hands.

Analysts Set New Price Targets

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

Xperi Stock Performance

The company has a market capitalization of $406.61 million, a P/E ratio of -4.77 and a beta of 1.34. The company has a 50-day simple moving average of $9.58 and a 200 day simple moving average of $8.87.

Institutional Trading of Xperi

Hedge funds have recently bought and sold shares of the stock. ProShare Advisors LLC bought a new position in shares of Xperi during the 2nd quarter worth about $48,000. nVerses Capital LLC acquired a new stake in Xperi during the third quarter worth about $79,000. Harbor Capital Advisors Inc. increased its stake in Xperi by 13.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,098 shares of the semiconductor company’s stock valued at $104,000 after acquiring an additional 1,197 shares during the period. Intech Investment Management LLC acquired a new position in Xperi in the 3rd quarter valued at approximately $121,000. Finally, West Tower Group LLC lifted its position in shares of Xperi by 91.3% in the 3rd quarter. West Tower Group LLC now owns 13,268 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 6,331 shares during the period. 94.28% of the stock is owned by institutional investors.

About Xperi

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.