Price Action Alert: Is Tessera Technologies, Inc. a Buy? The Stock Reaches 52-Week High Today

Price Action Alert: Is Tessera Technologies, Inc. a Buy? The Stock Reaches 52 Week High Today

The stock of Tessera Technologies, Inc. (NASDAQ:TSRA) hit a new 52-week high and has $66.30 target or 67.00% above today’s $39.70 share price. The 8 months bullish chart indicates low risk for the $1.93B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $66.30 price target is reached, the company will be worth $1.29 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 189,020 shares traded hands. Tessera Technologies, Inc. (NASDAQ:TSRA) has risen 35.63% since April 19, 2016 and is uptrending. It has outperformed by 31.77% the S&P500.

According to Zacks Investment Research, “Tessera Technologies develops semiconductor packaging technology that meets the demand for miniaturization and increased performance of electronic products. Tessera licenses its technology to its customers, enabling them to produce semiconductors that are smaller and faster, and incorporate more features. These semiconductors are utilized in a broad range of communications, computing and consumer electronic products.”

Insitutional Activity: The institutional sentiment increased to 1.2 in Q2 2016. Its up 0.26, from 0.94 in 2016Q1. The ratio increased, as 19 funds sold all Tessera Technologies, Inc. shares owned while 81 reduced positions. 29 funds bought stakes while 65 increased positions. They now own 46.18 million shares or 1.94% less from 47.09 million shares in 2016Q1.
Glenmede Na, a Pennsylvania-based fund reported 1.21 million shares. Rhumbline Advisers holds 0.01% of its portfolio in Tessera Technologies, Inc. (NASDAQ:TSRA) for 70,087 shares. Vanguard holds 0.01% or 3.90 million shares in its portfolio. Blackrock Institutional Trust Communication Na owns 1.94 million shares or 0.01% of their US portfolio. Bank & Trust Of America Corp De accumulated 0.01% or 1.41 million shares. Citadel Advisors Lc has invested 0% of its portfolio in Tessera Technologies, Inc. (NASDAQ:TSRA). Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 1,101 shares or 0% of the stock. Amer Ins Tx has 0.26% invested in the company for 145,190 shares. Capstone Asset Management Com has 17,465 shares for 0.02% of their US portfolio. Kcg Inc last reported 0.02% of its portfolio in the stock. The Michigan-based Comerica Savings Bank has invested 0.01% in Tessera Technologies, Inc. (NASDAQ:TSRA). Foundry Ltd Liability has invested 0.01% of its portfolio in Tessera Technologies, Inc. (NASDAQ:TSRA). Parkside State Bank And Tru has invested 0.01% of its portfolio in Tessera Technologies, Inc. (NASDAQ:TSRA). Mackenzie Fincl owns 12,034 shares or 0% of their US portfolio. Hbk Invs Lp holds 0.03% of its portfolio in Tessera Technologies, Inc. (NASDAQ:TSRA) for 126,301 shares.

More important recent Tessera Technologies, Inc. (NASDAQ:TSRA) news were published by: Seekingalpha.com which released: “Tessera Technologies: Ready For The New Cycle” on November 15, 2016, also Latimes.com published article titled: “Tessera Technologies to buy DTS of Calabasas for $850 million”, Forbes.com published: “Ex-Dividend Reminder: Tessera Technologies, Symantec and West” on August 16, 2016. More interesting news about Tessera Technologies, Inc. (NASDAQ:TSRA) was released by: Businesswire.com and their article: “Tessera Technologies Acquires Technology Assets From Pelican Imaging Corporation” with publication date: November 01, 2016.

TSRA Company Profile

Tessera Technologies, Inc., incorporated on July 26, 2002, including its subsidiaries, Invensas Corporation (Invensas), FotoNation Limited (FotoNation) and Ziptronix, Inc. (Ziptronix), licenses its technologies and intellectual property to clients for use in areas, such as mobile computing and communications, memory and data storage, and three dimensional (3-D) Integrated Circuit (3D-IC) technologies. The Company’s technologies include semiconductor packaging and interconnect solutions, including xFD, BVA, ZiBond and DBI, and products and solutions for mobile and computational imaging, including its FaceTools, FacePower, FotoSavvy, DigitalAperture, IrisCam, LifeFocus, face beautification, red-eye removal, High Dynamic Range, autofocus, panorama and image stabilization intellectual property.

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