Swiss National Bank Invests $2.72 Million in Tessera Holding Corporation (XPER)

Swiss National Bank bought a new position in Tessera Holding Corporation (NASDAQ:XPER) during the first quarter, Holdings Channel reports. The firm bought 80,000 shares of the semiconductor company’s stock, valued at approximately $2,716,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LS Investment Advisors LLC purchased a new position in Tessera Holding Corporation during the first quarter worth $143,000. State of Alaska Department of Revenue purchased a new position in Tessera Holding Corporation during the first quarter worth $183,000. ProShare Advisors LLC purchased a new position in Tessera Holding Corporation during the first quarter worth $231,000. First Citizens Bank & Trust Co. purchased a new position in Tessera Holding Corporation during the first quarter worth $233,000. Finally, Eagle Ridge Investment Management purchased a new position in Tessera Holding Corporation during the first quarter worth $243,000. 99.91% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Tessera Holding Corporation (NASDAQ:XPER)

Tessera Holding Corporation (XPER) opened at 30.15 on Friday. Tessera Holding Corporation has a 52-week low of $28.91 and a 52-week high of $45.95. The firm’s 50-day moving average is $32.05 and its 200-day moving average is $37.77.

Tessera Holding Corporation (NASDAQ:XPER) last announced its quarterly earnings results on Wednesday, May 3rd. The semiconductor company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.05. The firm had revenue of $67.26 million during the quarter. Tessera Holding Corporation had a net margin of 10.11% and a return on equity of 12.62%. On average, equities research analysts anticipate that Tessera Holding Corporation will post $1.76 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 14th. Shareholders of record on Wednesday, May 24th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend was Monday, May 22nd. Tessera Holding Corporation’s dividend payout ratio is currently 145.46%.

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Separately, TheStreet lowered shares of Tessera Holding Corporation from a “b-” rating to a “c” rating in a research report on Monday, May 8th.

In other news, Director Christopher A. Seams sold 4,998 shares of the firm’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $33.58, for a total transaction of $167,832.84. Following the completion of the sale, the director now owns 28,532 shares in the company, valued at approximately $958,104.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Christopher A. Seams sold 1,250 shares of the firm’s stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $36.49, for a total transaction of $45,612.50. Following the sale, the director now owns 33,530 shares of the company’s stock, valued at approximately $1,223,509.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,959 shares of company stock valued at $367,532. Corporate insiders own 2.40% of the company’s stock.

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.

Want to see what other hedge funds are holding XPER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tessera Holding Corporation (NASDAQ:XPER).

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