Tessera Technologies Director Buys $889,500 in Stock (TSRA)
Tessera Technologies (NASDAQ:TSRA) Director Peter A. Feld bought 50,000 shares of the company’s stock on the open market in a transaction dated Thursday, January 16th. The stock was purchased at an average cost of $17.79 per share, for a total transaction of $889,500.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Tessera Technologies in a research note to investors on Thursday, November 7th. They now have a $20.00 price target on the stock.
Tessera Technologies (NASDAQ:TSRA) traded down 0.56% on Tuesday, hitting $17.91. 407,417 shares of the company’s stock traded hands. Tessera Technologies has a 52-week low of $15.84 and a 52-week high of $22.59. The stock has a 50-day moving average of $19.30 and a 200-day moving average of $19.5. The company’s market cap is $973.1 million.
Tessera Technologies (NASDAQ:TSRA) last released its earnings data on Wednesday, November 6th. The company reported ($0.87) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.18) by $0.69. The company had revenue of $37.30 million for the quarter, compared to the consensus estimate of $36.50 million. During the same quarter last year, the company posted $0.12 earnings per share. Tessera Technologies’s revenue was down 38.3% compared to the same quarter last year. On average, analysts predict that Tessera Technologies will post $-1.60 earnings per share for the current fiscal year.
Tessera Technologies, Inc is a holding company. The Company operates through its subsidiaries in two segments: Intellectual Property and DigitalOptics.
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