Trigran Investments buys $41,121,653 stake in Tessera Technologies (TSRA)

Tessera Technologies (TSRA) : Trigran Investments scooped up 61,954 additional shares in Tessera Technologies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 1,273,905 shares of Tessera Technologies which is valued at $41,121,653.Tessera Technologies makes up approximately 10.34% of Trigran Investments’s portfolio.

Other Hedge Funds, Including , Pacad Investment Ltd. added TSRA to its portfolio by purchasing 700 company shares during the most recent quarter which is valued at $22,596.Ubs Asset Management Americas Inc boosted its stake in TSRA in the latest quarter, The investment management firm added 4,300 additional shares and now holds a total of 33,296 shares of Tessera Technologies which is valued at $1,069,468.State Board Of Administration Of Florida Retirement System reduced its stake in TSRA by selling 2,103 shares or 5.1% in the most recent quarter. The Hedge Fund company now holds 39,148 shares of TSRA which is valued at $1,249,996.First Citizens Bank Trust Co reduced its stake in TSRA by selling 1,678 shares or 9.12% in the most recent quarter. The Hedge Fund company now holds 16,712 shares of TSRA which is valued at $537,124. Tessera Technologies makes up approx 0.05% of First Citizens Bank Trust Co’s portfolio.

Tessera Technologies opened for trading at $33.18 and hit $33.37 on the upside on Tuesday, eventually ending the session at $33.27, with a gain of 0.97% or 0.32 points. The heightened volatility saw the trading volume jump to 2,73,763 shares. Company has a market cap of $1,616 M.

On the company’s financial health, Tessera Technologies reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.56. The company had revenue of $67.02 million for the quarter, compared to analysts expectations of $65.17 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 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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