Credit Suisse AG Acquires New Position in Tessera Holding Corporation (XPER)
Credit Suisse AG acquired a new stake in shares of Tessera Holding Corporation (NASDAQ:XPER) during the first quarter, according to its most recent filing with the SEC. The fund acquired 64,701 shares of the semiconductor company’s stock, valued at approximately $2,196,000.
Several other institutional investors also recently made changes to their positions in the stock. Caxton Associates LP bought a new position in shares of Tessera Holding Corporation during the first quarter valued at approximately $358,000. Barings LLC bought a new position in shares of Tessera Holding Corporation during the first quarter valued at approximately $281,000. Metropolitan Life Insurance Co. NY bought a new position in shares of Tessera Holding Corporation during the first quarter valued at approximately $1,180,000. Jane Street Group LLC bought a new position in shares of Tessera Holding Corporation during the first quarter valued at approximately $449,000. Finally, Paloma Partners Management Co bought a new position in shares of Tessera Holding Corporation during the first quarter valued at approximately $302,000. 99.59% of the stock is owned by hedge funds and other institutional investors.
Shares of Tessera Holding Corporation (XPER) traded up 0.461% during trading on Tuesday, reaching $27.225. 44,026 shares of the company traded hands. Tessera Holding Corporation has a 1-year low of $26.71 and a 1-year high of $45.95. The stock’s 50 day moving average is $30.91 and its 200 day moving average is $34.94.
Tessera Holding Corporation (NASDAQ:XPER) last posted its earnings results on Thursday, July 27th. The semiconductor company reported $0.36 earnings per share for the quarter, topping the consensus estimate 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 positive return on equity of 11.06% and a negative net margin of 12.22%. The firm’s revenue was up 36.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. Analysts anticipate that Tessera Holding Corporation will post $1.56 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.95%. The ex-dividend date is Wednesday, August 16th. Tessera Holding Corporation’s payout ratio is -111.11%.
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Several brokerages recently commented on XPER. Zacks Investment Research lowered shares of Tessera Holding Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 1st. TheStreet lowered shares of Tessera Holding Corporation from a “b-” rating to a “c” rating in a research report on Monday, May 8th.
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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