Tessera Holding Corporation (XPER) Sets New 52-Week Low at $22.85

Shares of Tessera Holding Corporation (NASDAQ:XPER) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $22.85 and last traded at $22.78, with a volume of 1,251,936 shares traded. The stock had previously closed at $26.35.

Separately, Zacks Investment Research raised shares of Tessera Holding Corporation from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 28th.

The stock has a 50 day moving average price of $26.97 and a 200 day moving average price of $31.36. The stock’s market capitalization is $1.13 billion.

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 $1.29 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nordea Investment Management AB purchased a new stake in Tessera Holding Corporation in the 1st quarter worth $117,000. ClariVest Asset Management LLC purchased a new stake in Tessera Holding Corporation in the 1st quarter worth $117,000. Envestnet Asset Management Inc. purchased a new stake in Tessera Holding Corporation in the 1st quarter worth $118,000. UBS Group AG purchased a new stake in Tessera Holding Corporation in the 1st quarter worth $131,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in Tessera Holding Corporation in the 1st quarter worth $144,000. 99.96% of the stock is owned by institutional investors.

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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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