Wall Street analysts predict that Tessera Holding Corporation (NASDAQ:XPER) will post earnings per share of $0.36 for the current quarter, Zacks reports. Zero analysts have provided estimates for Tessera Holding Corporation’s earnings. Tessera Holding Corporation reported earnings per share of $0.57 during the same quarter last year, which suggests a negative year-over-year growth rate of 36.8%. The firm is expected to report its next earnings report after the market closes on Thursday, November 2nd.

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 forecast that the business will report earnings of $2.69 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Tessera Holding Corporation.

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

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

Shares of Tessera Holding Corporation (XPER) opened at 22.00 on Tuesday. The stock’s 50 day moving average is $24.99 and its 200-day moving average is $29.09. Tessera Holding Corporation has a 52-week low of $21.30 and a 52-week high of $45.95. The firm’s market capitalization is $1.09 billion.

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Hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. acquired a new stake in Tessera Holding Corporation during the first quarter valued at approximately $118,000. UBS Group AG acquired a new stake in Tessera Holding Corporation during the first quarter valued at approximately $131,000. Flinton Capital Management LLC lifted its stake in Tessera Holding Corporation by 65.1% during the second quarter. Flinton Capital Management LLC now owns 4,828 shares of the semiconductor company’s stock valued at $144,000 after purchasing an additional 1,904 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in Tessera Holding Corporation by 68.9% during the second quarter. Riverhead Capital Management LLC now owns 4,897 shares of the semiconductor company’s stock valued at $146,000 after purchasing an additional 1,997 shares during the last quarter. Finally, Pinebridge Investments L.P. lifted its stake in Tessera Holding Corporation by 1.8% during the second quarter. Pinebridge Investments L.P. now owns 6,515 shares of the semiconductor company’s stock valued at $194,000 after purchasing an additional 116 shares during the last quarter. 99.96% of the stock is owned by institutional investors and hedge funds.

Tessera Holding Corporation Company Profile

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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