Zacks Investment Research Lowers Tessera Holding Corporation (NASDAQ:XPER) to Strong Sell

Zacks Investment Research lowered shares of Tessera Holding Corporation (NASDAQ:XPER) from a hold rating to a strong sell rating in a research report released on Tuesday, August 1st.

According to Zacks, “Xperi Corp. is a product and technology licensing company which manufactures semiconductors and related products. Its technologies and intellectual property are deployed, in areas such as premium audio, computational imaging, computer vision, mobile computing and communications, memory, data storage, 3D semiconductor interconnect and packaging. Xperi Corporation, formerly known as Tessera Holding Corporation, is headquartered in San Jose, CA. “

Separately, TheStreet lowered shares of Tessera Holding Corporation from a b- rating to a c rating in a report on Monday, May 8th.

Shares of Tessera Holding Corporation (NASDAQ:XPER) opened at 25.45 on Tuesday. The stock has a 50 day moving average of $29.37 and a 200-day moving average of $33.45. Tessera Holding Corporation has a 52 week low of $24.90 and a 52 week high of $45.95.

Tessera Holding Corporation (NASDAQ:XPER) last issued its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.29 by $0.07. The company had revenue of $91.32 million during the quarter, compared to analyst estimates 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 firm’s revenue was up 36.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 EPS. Equities analysts anticipate that Tessera Holding Corporation will post $1.56 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Wednesday, August 16th. Tessera Holding Corporation’s payout ratio is -111.11%.

Large investors have recently added to or reduced their stakes in the company. Nordea Investment Management AB acquired a new stake in Tessera Holding Corporation during the first quarter worth about $117,000. ClariVest Asset Management LLC acquired a new stake in Tessera Holding Corporation during the first quarter worth about $117,000. Envestnet Asset Management Inc. acquired a new stake in Tessera Holding Corporation during the first quarter worth about $118,000. UBS Group AG acquired a new stake in Tessera Holding Corporation during the first quarter worth about $131,000. Finally, LS Investment Advisors LLC acquired a new stake in Tessera Holding Corporation during the first quarter worth about $143,000. 99.96% of the stock is owned by institutional investors and hedge funds.

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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