The stock of Tessera Technologies, Inc. (NASDAQ:TSRA) hit a new 52-week high and has $42.32 target or 5.00% above today’s $40.30 share price. The 7 months bullish chart indicates low risk for the $1.96B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $42.32 price target is reached, the company will be worth $98.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 322,068 shares traded hands. Tessera Technologies, Inc. (NASDAQ:TSRA) has risen 39.11% since April 25, 2016 and is uptrending. It has outperformed by 33.09% the S&P500.
Analysts await Tessera Technologies, Inc. (NASDAQ:TSRA) to report earnings on February, 7. They expect $0.57 EPS, up 7.55% or $0.04 from last year’s $0.53 per share. TSRA’s profit will be $27.72 million for 17.68 P/E if the $0.57 EPS becomes a reality. After $0.53 actual EPS reported by Tessera Technologies, Inc. for the previous quarter, Wall Street now forecasts 7.55% EPS growth.
According to Zacks Investment Research, “Tessera Technologies develops semiconductor packaging technology that meets the demand for miniaturization and increased performance of electronic products. Tessera licenses its technology to its customers, enabling them to produce semiconductors that are smaller and faster, and incorporate more features. These semiconductors are utilized in a broad range of communications, computing and consumer electronic products.”
Insitutional Activity: The institutional sentiment increased to 1.2 in Q2 2016. Its up 0.26, from 0.94 in 2016Q1. The ratio is positive, as 19 funds sold all Tessera Technologies, Inc. shares owned while 81 reduced positions. 29 funds bought stakes while 65 increased positions. They now own 46.18 million shares or 1.94% less from 47.09 million shares in 2016Q1.
Allianz Asset Mngmt Ag accumulated 0% or 165,488 shares. Insur Tx has 145,190 shares for 0.26% of their US portfolio. Ny State Teachers Retirement accumulated 54,335 shares or 0% of the stock. Alpha Windward Limited Liability reported 13,320 shares or 0.29% of all its holdings. Olstein Capital Mngmt L P last reported 34,345 shares in the company. The Alabama-based Regions Fincl Corp has invested 0.02% in Tessera Technologies, Inc. (NASDAQ:TSRA). Parametrica Ltd has invested 0.31% of its portfolio in Tessera Technologies, Inc. (NASDAQ:TSRA). Teachers accumulated 488,737 shares or 0.03% of the stock. Moreover, Leuthold Grp Ltd Liability Corp has 0.44% invested in Tessera Technologies, Inc. (NASDAQ:TSRA) for 135,309 shares. Ameriprise Financial Incorporated last reported 440,933 shares in the company. Comerica Bank has invested 0.01% of its portfolio in Tessera Technologies, Inc. (NASDAQ:TSRA). California State Teachers Retirement holds 103,297 shares or 0.01% of its portfolio. California Employees Retirement System accumulated 0.01% or 165,500 shares. Ubs Asset Management Americas accumulated 0% or 33,296 shares. Trigran Investments accumulated 1.27M shares or 10.28% of the stock.
More recent Tessera Technologies, Inc. (NASDAQ:TSRA) news were published by: Latimes.com which released: “Tessera Technologies to buy DTS of Calabasas for $850 million” on September 20, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: Tessera Technologies, Symantec and West” on August 16, 2016. Seekingalpha.com‘s news article titled: “Tessera Technologies: Ready For The New Cycle” with publication date: November 15, 2016 was also an interesting one.
TSRA Company Profile
Tessera Technologies, Inc., incorporated on July 26, 2002, including its subsidiaries, Invensas Corporation (Invensas), FotoNation Limited (FotoNation) and Ziptronix, Inc. (Ziptronix), licenses its technologies and intellectual property to clients for use in areas, such as mobile computing and communications, memory and data storage, and three dimensional (3-D) Integrated Circuit (3D-IC) technologies. The Company’s technologies include semiconductor packaging and interconnect solutions, including xFD, BVA, ZiBond and DBI, and products and solutions for mobile and computational imaging, including its FaceTools, FacePower, FotoSavvy, DigitalAperture, IrisCam, LifeFocus, face beautification, red-eye removal, High Dynamic Range, autofocus, panorama and image stabilization intellectual property.
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