Xperi (NASDAQ:XPER) Reaches New 52-Week High at $22.10


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Xperi Holding Co. (NASDAQ:XPER) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $22.10 and last traded at $22.01, with a volume of 57656 shares changing hands. The stock had previously closed at $21.73.

Separately, Royal Bank of Canada increased their price target on Xperi from $21.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, November 19th. Six investment analysts have rated the stock with a buy rating, Xperi has an average rating of “Buy” and a consensus price target of $24.00.

The business has a 50-day simple moving average of $21.14 and a 200 day simple moving average of $16.69. The stock has a market cap of $1.64 billion, a P/E ratio of -26.72 and a beta of 0.36. The company has a current ratio of 2.54, a quick ratio of 7.25 and a debt-to-equity ratio of 0.72.

In related news, insider Paul E. Davis sold 6,396 shares of the company’s stock in a transaction dated Friday, December 18th. The stock was sold at an average price of $20.05, for a total transaction of $128,239.80. Following the sale, the insider now owns 119,651 shares in the company, valued at approximately $2,399,002.55. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.80% of the company’s stock.

Several institutional investors have recently made changes to their positions in XPER. Envestnet Asset Management Inc. boosted its position in shares of Xperi by 129.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 23,723 shares of the semiconductor company’s stock valued at $273,000 after purchasing an additional 13,395 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Xperi by 60.5% during the 3rd quarter. Louisiana State Employees Retirement System now owns 50,200 shares of the semiconductor company’s stock valued at $577,000 after purchasing an additional 18,917 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Xperi by 38.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 9,313 shares of the semiconductor company’s stock valued at $107,000 after purchasing an additional 2,570 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Xperi by 172.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 116,119 shares of the semiconductor company’s stock worth $1,335,000 after acquiring an additional 73,500 shares in the last quarter. Finally, Toronto Dominion Bank bought a new position in Xperi in the third quarter worth approximately $35,000. Institutional investors own 86.16% of the company’s stock.

Xperi Company Profile (NASDAQ:XPER)

Xperi Holding Corporation invents, develops, and delivers various technologies worldwide. Its technologies that enable extraordinary experiences are integrated into consumer devices, media platforms, and semiconductors. The company provides its technologies under the DTS, HD Radio, IMAX Enhanced, Invensas, TiVo, and Perceive brands.

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