Xperi (NASDAQ:XPER) Stock Passes Above 200 Day Moving Average – Should You Sell?

Xperi Inc. (NASDAQ:XPER)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 reaffirmed a “top pick” rating and issued a $30.00 price target on shares of Xperi in a research report on Thursday, November 7th.

Xperi Price Performance

The company has a market cap of $408.40 million, a P/E ratio of -4.79 and a beta of 1.34. The company’s 50-day moving average is $9.60 and its two-hundred day moving average is $8.87.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of XPER. Clearline Capital LP increased its holdings in Xperi by 37.9% in the 2nd quarter. Clearline Capital LP now owns 2,359,750 shares of the semiconductor company’s stock worth $19,374,000 after buying an additional 648,207 shares in the last quarter. Millennium Management LLC grew its stake in shares of Xperi by 703.2% in the second quarter. Millennium Management LLC now owns 592,415 shares of the semiconductor company’s stock worth $4,864,000 after acquiring an additional 518,661 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Xperi by 337.0% during the third quarter. Assenagon Asset Management S.A. now owns 590,768 shares of the semiconductor company’s stock valued at $5,459,000 after purchasing an additional 455,569 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Xperi during the second quarter valued at approximately $2,159,000. Finally, FMR LLC lifted its position in Xperi by 180.4% during the third quarter. FMR LLC now owns 363,671 shares of the semiconductor company’s stock valued at $3,360,000 after purchasing an additional 233,987 shares during the period. Hedge funds and other 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.