Tessera Technologies Hits New 52-Week High at $29.79 (TSRA)
Tessera Technologies (NASDAQ:TSRA)’s share price reached a new 52-week high on Wednesday , AnalystRatingsNetwork reports. The stock traded as high as $29.79 and last traded at $29.46, with a volume of 112,885 shares changing hands. The stock had previously closed at $29.50.
TSRA has been the subject of a number of recent research reports. Analysts at S&P Equity Research reiterated a “buy” rating on shares of Tessera Technologies in a research note on Tuesday, August 5th. They now have a $33.00 price target on the stock, up previously from $28.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Tessera Technologies in a research note on Tuesday, August 5th. They now have a $27.00 price target on the stock. Finally, analysts at Craig Hallum initiated coverage on shares of Tessera Technologies in a research note on Monday, July 21st. They set a “buy” rating and a $30.00 price target on the stock.
The stock has a 50-day moving average of $25.36 and a 200-day moving average of $22.. The company’s market cap is $1.546 billion.
Tessera Technologies (NASDAQ:TSRA) last released its earnings data on Monday, August 4th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.18. The company had revenue of $37.40 million for the quarter, compared to the consensus estimate of $31.40 million. During the same quarter last year, the company posted ($0.23) earnings per share. Tessera Technologies’s revenue was down 20.1% compared to the same quarter last year. Analysts expect that Tessera Technologies will post $2.06 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 23rd. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Thursday, August 28th.
Tessera Technologies, Inc is a holding company with operating subsidiaries in two segments: Intellectual Property and DigitalOptics.
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