Tessera Holding Corporation (NASDAQ:XPER) was downgraded by Bank of America Corporation from a “buy” rating to a “neutral” rating in a report issued on Friday, November 3rd, MarketBeat Ratings reports.
Separately, Zacks Investment Research upgraded shares of Tessera Holding Corporation from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 28th.
Tessera Holding Corporation (XPER) opened at $19.15 on Friday. The stock has a market cap of $976.42, a PE ratio of 27.89, a price-to-earnings-growth ratio of 0.88 and a beta of 0.79. Tessera Holding Corporation has a one year low of $16.70 and a one year high of $45.95. The company has a debt-to-equity ratio of 1.32, a quick ratio of 3.15 and a current ratio of 3.15.
Tessera Holding Corporation (NASDAQ:XPER) last released its earnings results on Thursday, November 2nd. The semiconductor company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.06). The business had revenue of $88.50 million for the quarter, compared to analyst estimates of $94.20 million. Tessera Holding Corporation had a negative net margin of 22.54% and a positive return on equity of 8.10%. Tessera Holding Corporation’s revenue was up 41.8% compared to the same quarter last year. equities research analysts predict that Tessera Holding Corporation will post 0.9 earnings per share for the current fiscal year.
In other news, CFO Robert J. Andersen acquired 2,000 shares of Tessera Holding Corporation stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average price of $17.75 per share, with a total value of $35,500.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jon Kirchner purchased 5,000 shares of the business’s stock in a transaction on Monday, November 6th. The stock was bought at an average cost of $18.75 per share, for a total transaction of $93,750.00. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 8,388 shares of company stock valued at $153,887. Corporate insiders own 2.40% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. UBS Asset Management Americas Inc. bought a new position in Tessera Holding Corporation during the first quarter worth $723,000. Parametric Portfolio Associates LLC bought a new position in Tessera Holding Corporation during the first quarter worth $2,809,000. Envestnet Asset Management Inc. bought a new position in Tessera Holding Corporation during the first quarter worth $118,000. OppenheimerFunds Inc. bought a new position in Tessera Holding Corporation during the first quarter worth $227,000. Finally, Wellington Management Group LLP bought a new position in Tessera Holding Corporation during the first quarter worth $5,184,000. Institutional investors and hedge funds own 99.63% of the company’s stock.
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.
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