Tessera Technologies Inc. (NASDAQ:TSRA) VP Robert J. Andersen sold 21,521 shares of the stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $35.00, for a total transaction of $753,235.00. Following the sale, the vice president now directly owns 85,805 shares in the company, valued at approximately $3,003,175. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Robert J. Andersen also recently made the following trade(s):
- On Monday, September 12th, Robert J. Andersen sold 8,000 shares of Tessera Technologies stock. The stock was sold at an average price of $33.15, for a total transaction of $265,200.00.
Shares of Tessera Technologies Inc. (NASDAQ:TSRA) opened at 37.74 on Tuesday. Tessera Technologies Inc. has a one year low of $26.21 and a one year high of $38.88. The company has a 50-day moving average of $33.72 and a 200 day moving average of $31.63. The firm has a market cap of $1.83 billion, a PE ratio of 19.81 and a beta of 1.14.
Tessera Technologies (NASDAQ:TSRA) last announced its earnings results on Tuesday, August 2nd. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.04. Tessera Technologies had a net margin of 37.81% and a return on equity of 21.80%. The firm earned $67.02 million during the quarter, compared to the consensus estimate of $65.17 million. During the same quarter in the previous year, the company posted $0.58 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities research analysts expect that Tessera Technologies Inc. will post $2.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Monday, August 22nd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.12%. The ex-dividend date was Thursday, August 18th. Tessera Technologies’s payout ratio is 42.11%.
Several analysts have recently issued reports on TSRA shares. Benchmark Co. reissued a “buy” rating and set a $45.00 price target on shares of Tessera Technologies in a research report on Wednesday, September 21st. Zacks Investment Research raised shares of Tessera Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, September 21st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $44.00.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Tessera Technologies by 0.6% in the second quarter. Vanguard Group Inc. now owns 3,903,402 shares of the company’s stock valued at $119,600,000 after buying an additional 21,759 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Tessera Technologies by 18.9% in the first quarter. Renaissance Technologies LLC now owns 2,179,914 shares of the company’s stock valued at $67,577,000 after buying an additional 346,700 shares during the period. Dimensional Fund Advisors LP boosted its stake in Tessera Technologies by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,780,489 shares of the company’s stock valued at $54,553,000 after buying an additional 122,462 shares during the period. Trigran Investments Inc. boosted its stake in Tessera Technologies by 5.1% in the second quarter. Trigran Investments Inc. now owns 1,273,905 shares of the company’s stock valued at $39,032,000 after buying an additional 61,954 shares during the period. Finally, Glenmede Trust Co. NA boosted its stake in Tessera Technologies by 16.1% in the second quarter. Glenmede Trust Co. NA now owns 1,213,061 shares of the company’s stock valued at $37,166,000 after buying an additional 167,850 shares during the period. 97.84% of the stock is owned by hedge funds and other institutional investors.
Tessera Technologies Company Profile
Tessera Technologies, Inc, including its subsidiaries, Invensas Corporation (Invensas), FotoNation Limited (FotoNation) and Ziptronix, Inc (Ziptronix), licenses its technologies and intellectual property to customers for use in areas, such as mobile computing and communications, memory and data storage, and three dimensional (3-D) Integrated Circuit (3D-IC) technologies.
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