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Tessera Technologies (NASDAQ:TSRA) Insider John Thode unloaded 46,875 shares of the company’s stock on the open market in a transaction dated Friday, May 30th. The stock was sold at an average price of $22.62, for a total value of $1,060,312.50. Following the completion of the transaction, the insider now directly owns 82,500 shares in the company, valued at approximately $1,866,150. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

TSRA has been the subject of a number of recent research reports. Analysts at TheStreet upgraded shares of Tessera Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th. 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.

Tessera Technologies (NASDAQ:TSRA) traded down 2.13% on Monday, hitting $22.01. 358,205 shares of the company’s stock traded hands. Tessera Technologies has a 1-year low of $17.60 and a 1-year high of $23.91. The stock has a 50-day moving average of $21.98 and a 200-day moving average of $20.75. The company’s market cap is $1.177 billion.

Tessera Technologies (NASDAQ:TSRA) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted ($0.36) earnings per share. The company’s revenue for the quarter was up 208.5% on a year-over-year basis. Analysts expect that Tessera Technologies will post $1.34 EPS for the current fiscal year.

The company also recently announced a special dividend, which is scheduled for Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.52 per share. This represents a dividend yield of 1.87%. The ex-dividend date is Monday, June 2nd.

Tessera Technologies, Inc is a holding company with operating subsidiaries in two segments: Intellectual Property and DigitalOptics.

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