Xperi (NASDAQ:XPER) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Xperi Inc. (NASDAQ:XPER - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.98 and traded as high as $9.34. Xperi shares last traded at $9.33, with a volume of 154,814 shares trading hands.

Wall Street Analyst Weigh In

Separately, BWS Financial reiterated a "top pick" rating and issued a $30.00 price objective on shares of Xperi in a research note on Thursday, November 7th.

Xperi Trading Down 0.5 %

The firm has a 50 day moving average of $9.68 and a two-hundred day moving average of $8.99. The stock has a market capitalization of $412.62 million, a PE ratio of -4.84 and a beta of 1.31.

Institutional Trading of Xperi

Several institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP raised its position in shares of Xperi by 1.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,830,540 shares of the semiconductor company's stock worth $16,914,000 after purchasing an additional 33,733 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Xperi by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,043,421 shares of the semiconductor company's stock valued at $9,643,000 after purchasing an additional 17,498 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Xperi by 0.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 802,736 shares of the semiconductor company's stock worth $7,417,000 after purchasing an additional 5,047 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Xperi by 703.2% during the second quarter. Millennium Management LLC now owns 592,415 shares of the semiconductor company's stock worth $4,864,000 after buying an additional 518,661 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew 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 worth $5,459,000 after buying an additional 455,569 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

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.