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

Xperi Inc. (NYSE:XPER – Get Free Report) shares crossed above its 50-day moving average during trading on Thursday. The stock has a 50-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 traded.

Key Xperi News

Here are the key news stories impacting Xperi this week:

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on XPER. BWS Financial reaffirmed a “buy” rating and issued a $12.00 target price on shares of Xperi in a research note on Friday, August 7th. Rosenblatt Securities reissued a “buy” rating and set a $10.00 price target on shares of Xperi in a research report on Thursday, August 6th. Weiss Ratings reissued 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 given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $11.00.

Get Our Latest Report on Xperi

Xperi Stock Performance

The company has a market capitalization of $273.79 million, a PE ratio of -8.26 and a beta of 1.40. The stock’s fifty day simple moving average is $5.46 and its 200-day simple moving average is $6.43. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.48 and a current ratio of 2.48.

Xperi (NYSE:XPER – Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.07. The business 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%. As a group, equities analysts predict that Xperi Inc. will post 0.53 earnings per share for the current year.

Institutional Investors Weigh In On Xperi

Several hedge funds have recently made changes to their positions in XPER. Endeavor Private Wealth Inc. increased its stake in shares of Xperi by 44.7% during the 3rd quarter. Endeavor Private Wealth Inc. now owns 19,702 shares of the company’s stock valued at $109,000 after acquiring an additional 6,086 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Xperi during the 3rd quarter worth about $79,000. State of Wyoming acquired a new stake in shares of Xperi in the third quarter worth approximately $163,000. Arkfeld Wealth Strategies L.L.C. boosted its position in shares of Xperi by 77.4% in the third quarter. Arkfeld Wealth Strategies L.L.C. now owns 22,108 shares of the company’s stock worth $118,000 after acquiring an additional 9,645 shares during the last quarter. Finally, TSP Capital Management Group LLC boosted its position in shares of Xperi by 29.2% in the third quarter. TSP Capital Management Group LLC now owns 1,135,706 shares of the company’s stock worth $6,258,000 after acquiring an additional 256,630 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

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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