Tessera Technologies Inc. Announces Special Dividend of $0.52 (TSRA)
Tessera Technologies (NASDAQ:TSRA) announced a special dividend on Tuesday, May 13th, StockRatingsNetwork.com reports. Investors of record on Wednesday, June 4th will be paid a dividend of 0.52 per share on Wednesday, June 25th.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Tessera Technologies from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 6th. They now have a $23.00 price target on the stock.
Shares of Tessera Technologies (NASDAQ:TSRA) opened at 21.93 on Tuesday. Tessera Technologies has a 52 week low of $17.60 and a 52 week high of $23.91. The stock has a 50-day moving average of $22.39 and a 200-day moving average of $20.4. The company’s market cap is $1.167 billion.
Tessera Technologies (NASDAQ:TSRA) last announced its earnings results on Tuesday, May 6th. The company reported $0.76 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.26. The company had revenue of $88.30 million for the quarter, compared to the consensus estimate of $84.00 million. During the same quarter last year, the company posted ($0.36) earnings per share. Tessera Technologies’s revenue was up 208.5% compared to the same quarter last year. Analysts expect that Tessera Technologies will post $1.57 EPS 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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