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

Xperi Inc. (NASDAQ:XPER - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.70 and traded as high as $10.20. Xperi shares last traded at $9.92, with a volume of 678,422 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on XPER. BWS Financial reissued a "top pick" rating and set a $30.00 price target on shares of Xperi in a research report on Thursday. StockNews.com cut Xperi from a "buy" rating to a "hold" rating in a research note on Thursday, September 12th. Craig Hallum lowered their price objective on Xperi from $15.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, August 6th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $15.00 target price on shares of Xperi in a report on Tuesday, August 6th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $19.00.

Xperi Stock Down 12.5 %

The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $397.63 million, a price-to-earnings ratio of -3.49 and a beta of 1.54. The firm has a 50 day moving average of $8.98 and a two-hundred day moving average of $8.70.

Xperi (NASDAQ:XPER - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The semiconductor company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.13. Xperi had a negative net margin of 21.67% and a negative return on equity of 10.15%. The company had revenue of $119.59 million for the quarter, compared to analyst estimates of $118.95 million. As a group, sell-side analysts anticipate that Xperi Inc. will post -0.83 EPS for the current fiscal year.

Insider Buying and Selling

In other Xperi news, CEO Jon Kirchner acquired 5,000 shares of the company's stock in a transaction dated Wednesday, September 11th. The shares were bought at an average cost of $8.65 per share, with a total value of $43,250.00. Following the purchase, the chief executive officer now directly owns 523,692 shares of the company's stock, valued at $4,529,935.80. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director David C. Habiger purchased 5,750 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was acquired at an average cost of $8.68 per share, with a total value of $49,910.00. Following the transaction, the director now owns 68,205 shares of the company's stock, valued at $592,019.40. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jon Kirchner bought 5,000 shares of the business's stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average price of $8.65 per share, for a total transaction of $43,250.00. Following the purchase, the chief executive officer now directly owns 523,692 shares in the company, valued at approximately $4,529,935.80. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 13,600 shares of company stock valued at $117,948 in the last three months.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Xperi by 3.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 62,848 shares of the semiconductor company's stock worth $758,000 after buying an additional 2,030 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in Xperi by 66.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 8,523 shares of the semiconductor company's stock worth $70,000 after purchasing an additional 3,416 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Xperi by 40.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 17,080 shares of the semiconductor company's stock worth $206,000 after buying an additional 4,910 shares during the period. ProShare Advisors LLC bought a new stake in shares of Xperi during the second quarter valued at approximately $48,000. Finally, nVerses Capital LLC purchased a new stake in shares of Xperi in the 3rd quarter worth about $79,000. 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.