Russell Investments Group Ltd. Boosts Stake in Tessera Holding Corporation (XPER)
Russell Investments Group Ltd. raised its stake in Tessera Holding Corporation (NASDAQ:XPER) by 9.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,018,115 shares of the semiconductor company’s stock after acquiring an additional 85,364 shares during the quarter. Russell Investments Group Ltd. owned approximately 2.06% of Tessera Holding Corporation worth $25,759,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of XPER. Teachers Advisors LLC bought a new position in shares of Tessera Holding Corporation in the first quarter worth about $3,124,000. UBS Group AG bought a new position in shares of Tessera Holding Corporation in the first quarter worth about $131,000. Morgan Stanley bought a new position in shares of Tessera Holding Corporation in the first quarter worth about $3,984,000. State Street Corp bought a new position in shares of Tessera Holding Corporation in the first quarter worth about $41,411,000. Finally, AQR Capital Management LLC bought a new position in shares of Tessera Holding Corporation in the first quarter worth about $2,120,000. 99.63% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on XPER shares. Zacks Investment Research cut shares of Tessera Holding Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 1st. Bank of America Corporation cut shares of Tessera Holding Corporation from a “buy” rating to a “neutral” rating in a report on Friday, November 3rd.
In other Tessera Holding Corporation news, CEO Jon Kirchner acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was acquired at an average price of $18.75 per share, for a total transaction of $93,750.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robert J. Andersen acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was acquired at an average price of $17.75 per share, with a total value of $35,500.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 8,388 shares of company stock valued at $153,887. 2.40% of the stock is owned by company insiders.
Tessera Holding Corporation (NASDAQ XPER) opened at $19.80 on Friday. The stock has a market cap of $959.16, a P/E ratio of 27.39, a P/E/G ratio of 0.86 and a beta of 0.79. Tessera Holding Corporation has a fifty-two week low of $16.70 and a fifty-two week high of $45.95. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.32.
Tessera Holding Corporation (NASDAQ:XPER) last issued its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.06). The business had revenue of $88.50 million during the quarter, compared to the consensus estimate of $94.20 million. Tessera Holding Corporation had a negative net margin of 22.54% and a positive return on equity of 8.10%. The company’s revenue was up 41.8% on a year-over-year basis. equities analysts expect that Tessera Holding Corporation will post 0.9 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Wednesday, November 22nd will be issued a $0.20 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $0.80 dividend on an annualized basis and a yield of 4.04%. Tessera Holding Corporation’s dividend payout ratio (DPR) is presently -55.56%.
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Tessera Holding Corporation Company Profile
Tessera Holding Corporation is a product and technology licensing company. The Company’s technologies and intellectual property are deployed, in areas, such as audio, computational imaging, computer vision, mobile computing and communications, memory, data storage, three dimensional (3D) semiconductor interconnect and packaging.
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