A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can purchased a new position in Tessera Holding Corporation during the first quarter worth $1,907,000. Capstone Asset Management Co. purchased a new position in Tessera Holding Corporation during the first quarter worth $485,000. Skylands Capital LLC purchased a new position in Tessera Holding Corporation during the first quarter worth $1,097,000. Fox Run Management L.L.C. purchased a new position in Tessera Holding Corporation during the first quarter worth $530,000. Finally, Louisiana State Employees Retirement System purchased a new position in Tessera Holding Corporation during the first quarter worth $679,000. 99.75% of the stock is owned by hedge funds and other institutional investors.
Geode Capital Management LLC acquired a new stake in shares of Tessera Holding Corporation (NASDAQ:XPER) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 547,949 shares of the semiconductor company’s stock, valued at approximately $18,602,000.
Tessera Holding Corporation (NASDAQ XPER) traded down 2.43% on Wednesday, reaching $28.10. 534,299 shares of the company’s stock were exchanged. Tessera Holding Corporation has a 12 month low of $27.95 and a 12 month high of $45.95. The firm’s 50-day moving average is $30.97 and its 200-day moving average is $35.05.
Tessera Holding Corporation (NASDAQ:XPER) last announced its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. The firm had revenue of $91.32 million during the quarter, compared to analysts’ expectations of $90.33 million. Tessera Holding Corporation had a negative net margin of 12.22% and a positive return on equity of 11.06%. The company’s revenue for the quarter was up 36.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 earnings per share. On average, equities research analysts predict that Tessera Holding Corporation will post $1.76 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Wednesday, August 16th. Tessera Holding Corporation’s dividend payout ratio is currently -111.11%.
A number of research analysts have weighed in on XPER shares. TheStreet lowered shares of Tessera Holding Corporation from a “b-” rating to a “c” rating in a research report on Monday, May 8th. Zacks Investment Research lowered shares of Tessera Holding Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday.
About Tessera Holding Corporation
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.