Tessera Technologies Inc. (NASDAQ:TSRA) CEO Thomas A. Lacey sold 40,000 shares of the stock in a transaction on Monday, September 12th. The stock was sold at an average price of $33.15, for a total transaction of $1,326,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Tessera Technologies Inc. (NASDAQ:TSRA) opened at 33.48 on Tuesday. Tessera Technologies Inc. has a one year low of $26.21 and a one year high of $37.87. The company’s 50-day moving average is $32.94 and its 200-day moving average is $31.36. The stock has a market capitalization of $1.63 billion, a P/E ratio of 17.57 and a beta of 1.14.

Tessera Technologies (NASDAQ:TSRA) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. The business earned $67.02 million during the quarter, compared to the consensus estimate of $65.17 million. Tessera Technologies had a net margin of 37.81% and a return on equity of 21.80%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 EPS. On average, equities research analysts anticipate that Tessera Technologies Inc. will post $2.24 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Monday, August 22nd were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $0.80 annualized dividend and a dividend yield of 2.39%. Tessera Technologies’s dividend payout ratio is presently 42.11%.

Separately, Zacks Investment Research downgraded shares of Tessera Technologies from a “hold” rating to a “sell” rating in a report on Friday, August 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $43.50.

Several hedge funds have recently modified their holdings of the company. New Century Investment Management Inc. increased its stake in shares of Tessera Technologies by 0.4% in the first quarter. New Century Investment Management Inc. now owns 12,309 shares of the company’s stock valued at $382,000 after buying an additional 52 shares in the last quarter. James Investment Research Inc. increased its stake in shares of Tessera Technologies by 2.3% in the second quarter. James Investment Research Inc. now owns 9,405 shares of the company’s stock valued at $288,000 after buying an additional 210 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Tessera Technologies by 3.6% in the second quarter. PNC Financial Services Group Inc. now owns 6,239 shares of the company’s stock valued at $191,000 after buying an additional 214 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Tessera Technologies by 4.1% in the second quarter. Cubist Systematic Strategies LLC now owns 7,859 shares of the company’s stock valued at $241,000 after buying an additional 310 shares in the last quarter. Finally, Guggenheim Capital LLC increased its stake in shares of Tessera Technologies by 0.3% in the second quarter. Guggenheim Capital LLC now owns 99,246 shares of the company’s stock valued at $3,041,000 after buying an additional 315 shares in the last quarter. Institutional investors and hedge funds own 97.98% of the company’s stock.

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.

5 Day Chart for NASDAQ:TSRA

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