Vanguard Group Inc. purchased a new stake in shares of Tessera Holding Corporation (NASDAQ:XPER) during the first quarter, Holdings Channel reports. The fund purchased 4,340,419 shares of the semiconductor company’s stock, valued at approximately $147,356,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB purchased a new position in Tessera Holding Corporation during the first quarter valued at $117,000. ClariVest Asset Management LLC purchased a new position in Tessera Holding Corporation during the first quarter valued at $117,000. Envestnet Asset Management Inc. purchased a new position in Tessera Holding Corporation during the first quarter valued at $118,000. LS Investment Advisors LLC purchased a new position in Tessera Holding Corporation during the first quarter valued at $143,000. Finally, Ameritas Investment Partners Inc. purchased a new position in Tessera Holding Corporation during the first quarter valued at $144,000. 99.75% of the stock is currently owned by hedge funds and other institutional investors.
Tessera Holding Corporation (XPER) opened at 30.25 on Friday. Tessera Holding Corporation has a one year low of $28.91 and a one year high of $45.95. The company has a 50-day moving average price of $31.40 and a 200-day moving average price of $35.86.
Tessera Holding Corporation (NASDAQ:XPER) last announced its quarterly earnings data on Wednesday, May 3rd. The semiconductor company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.05. The firm had revenue of $67.26 million for the quarter. Tessera Holding Corporation had a net margin of 10.11% and a return on equity of 12.62%. Analysts predict that Tessera Holding Corporation will post $1.76 EPS for the current year.
Separately, TheStreet cut Tessera Holding Corporation from a “b-” rating to a “c” rating in a report on Monday, May 8th.
In related news, Director George Andrew Riedel sold 2,499 shares of the business’s stock in a transaction on Friday, April 28th. The shares were sold at an average price of $33.51, for a total transaction of $83,741.49. Following the completion of the transaction, the director now directly owns 24,338 shares in the company, valued at $815,566.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher A. Seams sold 4,998 shares of the business’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $33.58, for a total transaction of $167,832.84. Following the transaction, the director now owns 28,532 shares of the company’s stock, valued at $958,104.56. The disclosure for this sale can be found here. Insiders have sold 7,809 shares of company stock worth $261,480 over the last three months. Corporate insiders own 2.40% of the company’s stock.
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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