Xperi (NASDAQ:XPER) Shares Pass Above 200 Day Moving Average of $10.30

Xperi Inc. (NASDAQ:XPERGet Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.30 and traded as high as $11.22. Xperi shares last traded at $10.96, with a volume of 288,579 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on XPER. TheStreet raised Xperi from a “d+” rating to a “c-” rating in a research report on Tuesday, December 26th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $15.00 target price on shares of Xperi in a research report on Friday, March 1st.

Read Our Latest Stock Report on Xperi

Xperi Trading Down 2.0 %

The stock has a market cap of $485.20 million, a price-to-earnings ratio of -3.44 and a beta of 1.73. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average of $10.95 and a 200-day moving average of $10.30.

Xperi (NASDAQ:XPERGet Free Report) last released its quarterly earnings data on Wednesday, February 28th. The semiconductor company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.16. The firm had revenue of $137.23 million during the quarter, compared to analysts’ expectations of $138.90 million. Xperi had a negative return on equity of 7.37% and a negative net margin of 26.20%. As a group, research analysts forecast that Xperi Inc. will post -1.19 earnings per share for the current year.

Institutional Trading of Xperi

Institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. acquired a new stake in shares of Xperi in the fourth quarter worth about $11,994,000. Millennium Management LLC lifted its position in shares of Xperi by 577.9% in the second quarter. Millennium Management LLC now owns 1,100,739 shares of the semiconductor company’s stock worth $15,884,000 after buying an additional 938,373 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Xperi by 286.4% in the second quarter. JPMorgan Chase & Co. now owns 1,044,865 shares of the semiconductor company’s stock worth $13,740,000 after buying an additional 774,461 shares during the last quarter. B. Riley Asset Management LLC acquired a new stake in shares of Xperi in the first quarter worth about $8,099,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Xperi by 367.6% in the first quarter. Goldman Sachs Group Inc. now owns 935,127 shares of the semiconductor company’s stock worth $16,196,000 after buying an additional 735,159 shares during the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

Xperi Company Profile

(Get Free Report)

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.

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