Wall Street brokerages expect Tessera Holding Corporation (NASDAQ:XPER) to post earnings of $0.36 per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Tessera Holding Corporation’s earnings. Tessera Holding Corporation posted earnings per share of $0.57 during the same quarter last year, which would indicate a negative year-over-year growth rate of 36.8%. The company is expected to announce its next earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Tessera Holding Corporation will report full year earnings of $1.29 per share for the current fiscal year. For the next financial year, analysts expect that the business will post earnings of $2.69 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Tessera Holding Corporation.

Tessera Holding Corporation (NASDAQ:XPER) last issued its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. Tessera Holding Corporation had a positive return on equity of 11.06% and a negative net margin of 12.22%. The company had revenue of $91.32 million for the quarter, compared to the consensus estimate of $90.33 million. During the same quarter last year, the company earned $0.60 earnings per share. The firm’s revenue for the quarter was up 36.3% compared to the same quarter last year.

Separately, Zacks Investment Research cut Tessera Holding Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 1st.

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Shares of Tessera Holding Corporation (XPER) traded down 2.03% during midday trading on Friday, reaching $26.55. The company had a trading volume of 609,762 shares. The company’s 50 day moving average price is $26.97 and its 200-day moving average price is $31.36. The company’s market capitalization is $1.31 billion. Tessera Holding Corporation has a 52 week low of $24.90 and a 52 week high of $45.95.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 18th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, August 16th. This represents a $0.80 annualized dividend and a dividend yield of 3.01%. Tessera Holding Corporation’s dividend payout ratio is currently -111.11%.

Several large investors have recently added to or reduced their stakes in the company. Pinebridge Investments L.P. boosted its position in shares of Tessera Holding Corporation by 1.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 6,515 shares of the semiconductor company’s stock worth $194,000 after acquiring an additional 116 shares in the last quarter. Flinton Capital Management LLC boosted its position in shares of Tessera Holding Corporation by 65.1% during the 2nd quarter. Flinton Capital Management LLC now owns 4,828 shares of the semiconductor company’s stock worth $144,000 after acquiring an additional 1,904 shares in the last quarter. Riverhead Capital Management LLC boosted its position in shares of Tessera Holding Corporation by 68.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,897 shares of the semiconductor company’s stock worth $146,000 after acquiring an additional 1,997 shares in the last quarter. Nordea Investment Management AB acquired a new position in shares of Tessera Holding Corporation during the 1st quarter worth about $117,000. Finally, ClariVest Asset Management LLC acquired a new position in shares of Tessera Holding Corporation during the 1st quarter worth about $117,000. 99.96% of the stock is owned by institutional investors and hedge funds.

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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