The Capital Fund Management S.A. Increases Position in Tessera Technologies Inc. (TSRA)

The Capital Fund Management S.A. Increases Position in Tessera Technologies Inc. (TSRA)

Capital Fund Management S.A. boosted its stake in shares of Tessera Technologies Inc. (NASDAQ:TSRA) by 0.6% during the third quarter, Holdings Channel reports. The fund owned 63,520 shares of the company’s stock after buying an additional 400 shares during the period. Capital Fund Management S.A.’s holdings in Tessera Technologies were worth $2,442,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of TSRA. Virginia Retirement Systems ET AL bought a new position in Tessera Technologies during the second quarter valued at $245,000. Vanguard Group Inc. boosted its position in 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. Dimensional Fund Advisors LP boosted its position 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 last quarter. Teacher Retirement System of Texas boosted its position in Tessera Technologies by 25.5% in the second quarter. Teacher Retirement System of Texas now owns 7,038 shares of the company’s stock valued at $216,000 after buying an additional 1,428 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Tessera Technologies by 17.6% in the second quarter. Victory Capital Management Inc. now owns 12,984 shares of the company’s stock valued at $398,000 after buying an additional 1,944 shares during the last quarter. 98.85% of the stock is owned by institutional investors.

Shares of Tessera Technologies Inc. (NASDAQ:TSRA) traded down 0.69% during trading on Thursday, hitting $43.40. 226,876 shares of the company’s stock were exchanged. The company has a market cap of $2.11 billion, a P/E ratio of 24.72 and a beta of 1.06. Tessera Technologies Inc. has a 12-month low of $26.21 and a 12-month high of $45.95. The company has a 50-day moving average of $43.42 and a 200-day moving average of $37.27.

Tessera Technologies (NASDAQ:TSRA) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.06. Tessera Technologies had a net margin of 35.10% and a return on equity of 20.72%. The firm had revenue of $62.40 million for the quarter, compared to the consensus estimate of $62.35 million. During the same period in the prior year, the firm posted $0.65 earnings per share. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. On average, equities analysts expect that Tessera Technologies Inc. will post $2.24 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on the stock. Benchmark Co. reaffirmed a “buy” rating and set a $53.00 target price (up from $45.00) on shares of Tessera Technologies in a research note on Wednesday, January 4th. Zacks Investment Research raised shares of Tessera Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, October 4th.

In other Tessera Technologies news, Director George Andrew Riedel sold 8,000 shares of the company’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $44.30, for a total transaction of $354,400.00. Following the completion of the transaction, the director now directly owns 20,180 shares in the company, valued at $893,974. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donald E. Stout sold 1,900 shares of the company’s stock in a transaction on Friday, December 30th. The stock was sold at an average price of $44.38, for a total transaction of $84,322.00. Following the transaction, the director now owns 28,970 shares of the company’s stock, valued at $1,285,688.60. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Tessera Technologies 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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