Vanguard Group Inc. bought a new position in shares of Tessera Holding Corporation (NASDAQ:XPER) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,340,419 shares of the semiconductor company’s stock, valued at approximately $147,356,000.
A number of other large investors have also recently added to or reduced their stakes in XPER. Bank of Montreal Can acquired a new position in Tessera Holding Corporation during the first quarter valued at approximately $1,907,000. Capstone Asset Management Co. purchased a new position in Tessera Holding Corporation during the first quarter worth about $485,000. Skylands Capital LLC purchased a new position in Tessera Holding Corporation during the first quarter worth about $1,097,000. Fox Run Management L.L.C. bought a new stake in Tessera Holding Corporation during the first quarter worth approximately $530,000. Finally, Louisiana State Employees Retirement System bought a new stake in Tessera Holding Corporation during the first quarter worth approximately $679,000. 99.96% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Tessera Holding Corporation (NASDAQ XPER) traded down 2.70% during mid-day trading on Thursday, hitting $25.20. 442,696 shares of the stock were exchanged. The firm has a 50-day moving average price of $29.64 and a 200 day moving average price of $33.65. Tessera Holding Corporation has a 12-month low of $24.95 and a 12-month high of $45.95.
Tessera Holding Corporation (NASDAQ:XPER) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. The firm had revenue of $91.32 million during the quarter, compared to the consensus estimate of $90.33 million. Tessera Holding Corporation had a positive return on equity of 11.06% and a negative net margin of 12.22%. The business’s revenue for the quarter was up 36.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. Analysts anticipate that Tessera Holding Corporation will post $1.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.80 annualized dividend and a dividend yield of 3.17%. Tessera Holding Corporation’s payout ratio is -111.11%.
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A number of research firms recently commented on XPER. Zacks Investment Research downgraded shares of Tessera Holding Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 1st. TheStreet downgraded shares of Tessera Holding Corporation from a “b-” rating to a “c” rating in a research report on Monday, May 8th.
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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