Potrero Capital Research buys $8.5 Million stake in Tessera Technologies (TSRA)

Tessera Technologies (TSRA) : Potrero Capital Research scooped up 24,500 additional shares in Tessera Technologies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 288,527 shares of Tessera Technologies which is valued at $8.5 Million.Tessera Technologies makes up approximately 7.86% of Potrero Capital Research’s portfolio.

Other Hedge Funds, Including , Wbi Investments sold out all of its stake in TSRA during the most recent quarter. The investment firm sold 16,900 shares of TSRA which is valued $498,381.Alps Advisors Inc reduced its stake in TSRA by selling 305 shares or 2.1% in the most recent quarter. The Hedge Fund company now holds 14,195 shares of TSRA which is valued at $418,611. Tfs Capital sold out all of its stake in TSRA during the most recent quarter. The investment firm sold 20,345 shares of TSRA which is valued $599,974.Municipal Employees’ Retirement System Of Michigan boosted its stake in TSRA in the latest quarter, The investment management firm added 2,890 additional shares and now holds a total of 12,800 shares of Tessera Technologies which is valued at $389,888. Tessera Technologies makes up approx 0.03% of Municipal Employees’ Retirement System Of Michigan’s portfolio. Quadrant Capital Group added TSRA to its portfolio by purchasing 38 company shares during the most recent quarter which is valued at $1,091.

Tessera Technologies opened for trading at $29.42 and hit $30.435 on the upside on Monday, eventually ending the session at $30.29, with a gain of 2.71% or 0.8 points. The heightened volatility saw the trading volume jump to 4,92,016 shares. Company has a market cap of $1,485 M.

On the company’s financial health, Tessera Technologies reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.44. The company had revenue of $60.00 million for the quarter, compared to analysts expectations of $57.73 million. The company’s revenue was down -24.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.74 EPS.

Tessera Technologies Inc. is a holding company. The Company operates its business through its subsidiaries which include Invensas Corporation (Invensas) which is engaged in semiconductor interconnect innovation and intellectual property licensing and FotoNation Limited (FotoNation) which provides face-oriented imaging technologies. Its technologies include semiconductor packaging and interconnect solutions and products and solutions for mobile and imaging including its LifeFocus FaceTools FacePower FotoSavvy DigitalAperture face beautification red-eye removal high dynamic range autofocus panorama and image stabilization intellectual property. Its packaging capabilities include a low-temperature wafer bonding technology platform that manages the delivery of 2.5-dimensional (2.5D) and three-dimensional integrated circuit (3D-IC) solutions. The Company’s 2.5D and 3D-IC solutions include ZiBond direct bonding and DBI hybrid bonding technologies.

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