Chartwell Investment Partners LLC raised its position in Tessera Holding Corporation (NASDAQ:XPER) by 61.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 922,013 shares of the semiconductor company’s stock after acquiring an additional 349,339 shares during the period. Tessera Holding Corporation comprises approximately 0.8% of Chartwell Investment Partners LLC’s holdings, making the stock its 13th largest holding. Chartwell Investment Partners LLC owned 1.87% of Tessera Holding Corporation worth $23,326,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Russell Investments Group Ltd. raised its holdings in Tessera Holding Corporation by 9.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,018,115 shares of the semiconductor company’s stock valued at $25,759,000 after acquiring an additional 85,364 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in Tessera Holding Corporation in the 3rd quarter valued at approximately $367,000. Kirr Marbach & Co. LLC IN raised its holdings in Tessera Holding Corporation by 0.8% in the 3rd quarter. Kirr Marbach & Co. LLC IN now owns 411,131 shares of the semiconductor company’s stock valued at $10,402,000 after acquiring an additional 3,170 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Tessera Holding Corporation in the 2nd quarter worth approximately $319,000. Finally, State Street Corp raised its holdings in shares of Tessera Holding Corporation by 2.6% in the 2nd quarter. State Street Corp now owns 1,251,469 shares of the semiconductor company’s stock worth $37,298,000 after buying an additional 31,672 shares in the last quarter. 99.63% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Jon Kirchner acquired 5,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were purchased at an average cost of $18.75 per share, for a total transaction of $93,750.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Robert J. Andersen acquired 2,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was purchased at an average price of $17.75 per share, for a total transaction of $35,500.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 8,388 shares of company stock worth $153,887. 2.40% of the stock is owned by corporate insiders.
Tessera Holding Corporation (NASDAQ:XPER) last issued its earnings results on Thursday, November 2nd. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.06). The company had revenue of $88.50 million during the quarter, compared to analyst estimates of $94.20 million. Tessera Holding Corporation had a positive return on equity of 8.10% and a negative net margin of 22.54%. Tessera Holding Corporation’s revenue was up 41.8% on a year-over-year basis. analysts anticipate that Tessera Holding Corporation will post 0.9 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Wednesday, November 22nd will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, November 21st. This represents a $0.80 dividend on an annualized basis and a yield of 3.93%. Tessera Holding Corporation’s dividend payout ratio (DPR) is presently -55.17%.
A number of equities analysts have recently issued reports on the company. Bank of America Corporation cut Tessera Holding Corporation from a “buy” rating to a “neutral” rating in a report on Friday, November 3rd. Zacks Investment Research raised Tessera Holding Corporation from a “strong sell” rating to a “hold” rating in a report on Thursday, September 28th.
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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