Wellington Management Group LLP bought a new stake in shares of Tessera Holding Corporation (NASDAQ:XPER) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 152,721 shares of the semiconductor company’s stock, valued at approximately $5,184,000.
A number of other hedge funds also recently made changes to their positions in the stock. Frontier Capital Management Co. LLC bought a new stake in shares of Tessera Holding Corporation during the first quarter valued at approximately $80,321,000. Deprince Race & Zollo Inc. acquired a new position in Tessera Holding Corporation during the first quarter worth about $53,932,000. Wells Fargo & Company MN acquired a new position in Tessera Holding Corporation during the first quarter worth about $44,390,000. Bank of New York Mellon Corp acquired a new position in Tessera Holding Corporation during the first quarter worth about $32,969,000. Finally, JPMorgan Chase & Co. acquired a new position in Tessera Holding Corporation during the first quarter worth about $28,773,000. Institutional investors and hedge funds own 99.81% of the company’s stock.
Tessera Holding Corporation (XPER) opened at 33.45 on Monday. Tessera Holding Corporation has a 12-month low of $28.91 and a 12-month high of $45.95. The company has a market capitalization of $1.65 billion, a PE ratio of 59.73 and a beta of 0.76. The firm’s 50 day moving average price is $31.41 and its 200-day moving average price is $37.12.
Tessera Holding Corporation (NASDAQ:XPER) last issued its quarterly earnings data on Wednesday, May 3rd. The semiconductor company reported ($0.16) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.05. The firm had revenue of $67.26 million for the quarter. Tessera Holding Corporation had a return on equity of 12.62% and a net margin of 10.11%. On average, equities analysts anticipate that Tessera Holding Corporation will post $1.76 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Stockholders of record on Wednesday, May 24th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, May 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.39%. Tessera Holding Corporation’s dividend payout ratio is currently 145.46%.
Separately, TheStreet cut Tessera Holding Corporation from a “b-” rating to a “c” rating in a report on Monday, May 8th.
In other news, Director Christopher A. Seams sold 4,998 shares of Tessera Holding Corporation stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $33.58, for a total value of $167,832.84. Following the sale, the director now directly owns 28,532 shares in the company, valued at approximately $958,104.56. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Donald E. Stout sold 1,900 shares of Tessera Holding Corporation stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $31.81, for a total value of $60,439.00. Following the completion of the sale, the director now owns 21,370 shares in the company, valued at $679,779.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,709 shares of company stock worth $321,919. 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.
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