Our technologies include semiconductor packaging and interconnect solutions, and products and solutions for mobile and computational imaging, including our LifeFocus™, FaceTools™, FacePower™, FotoSavvy™, DigitalAperture™, face beautification, red-eye removal, High Dynamic Range, autofocus, panorama, and image stabilization intellectual property. Tessera Technologies, Inc., including its Invensas and FotoNation subsidiaries, licenses technologies and intellectual property to customers for use in areas such as mobile computing and communications, memory and data storage, and 3D-IC technologies, among others. To obtain a hi-resolution photograph of the Market Open, please go to and click on the market open of your choice. Nasdaq MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studioįor multimedia features such as exclusive content, photo postings, status updates and video of bell ceremonies please visit our Facebook page at:įor photos from ceremonies and events visit our Instagram Page:įor news tweets, please visit our Twitter page at:įor exciting viral content and ceremony photos visit our Tumblr Page:Ī LiveStream of the Nasdaq Opening Bell will be available at: or Lacey, Chief Executive Officer, will ring the Opening Bell. (Nasdaq:TSRA), a leader in intellectual property, technology development and licensing solutions for semiconductor and computational imaging, will visit the Nasdaq MarketSite in Times Square. You can see the complete list of today's Zacks #1 Rank stocks here. ITRI, sporting a Zacks Rank #1 (Strong Buy), and Fortive Corporation FTV, carrying a Zacks Rank #2. Some other favorably placed stocks in the industry are Cognex Corporation CGNX and Itron, Inc. TESSERA HLDG CP Price and Consensus | TESSERA HLDG CP QuoteĬurrently, Tessera has a Zacks Rank #2 (Buy). This Zacks Rank #2 (Buy) stock has a market cap of approximately $2.07 billion and a long-term expected earnings growth rate of 20.0%. The stock also delivered an average earnings surprise of nearly 12.14% over the trailing four quarters. Moreover, the company recorded a positive earnings surprise of 15.22% in the reported quarter. These positive developments and its premium imaging technology suggest that business will grow significantly in the mobile and adjacent markets.The company has also intensified its Invensas and IP licensing efforts, and is currently working with a number of semiconductor manufacturers and OSATs to enhance its portfolio of advanced packaging and interconnect technologies that encompass ZiBond, Direct Bond Interface (DBI) bonding technologies and BVA. The price appreciation can also be attributed to continued growth in the company's FotoNation imaging group due to recent product additions. In the recently reported quarter, the company spent $9.7 million on cash dividends and $6.0 million to repurchase 0.2 million shares. Tessera expects the combined company to generate pro forma revenues of around $450 million in 2016, half of which will come from product licensing.Īlso, Tessera has an impressive record of returning cash to shareholders through dividends and share buybacks. The acquisition will make Tessera one of the leading product and technology licensing companies globally. It is also expected that the combined entity will realize $15 million in annualized cost synergies within 12 to 18 months of the close of transaction. The deal is expected to be immediately accretive to its earnings per share and free cash flow. The price appreciation can also be attributed to recent buyout of DTS Inc., a leading audio solutions provider for $850 million. The company's top line was in line with the Zacks Consensus Estimate of $62.4 million and came within its own guidance range, backed by strong recurring revenues. Tessera's third-quarter earnings of 53 cents exceeded the Zacks Consensus Estimate by 7 cents. Since then, the stock has moved up more than 16%. Moreover, the company gained momentum from its strong fundamentals and better-than-expected third-quarter results released on Nov 1. The product portfolio has also been revamped to target the mobile segment, which is boosting top-line growth. The company is refocusing on the higher-margin, higher-risk licensing model, so a host of patents, new technologies and customer wins are driving growth. Tessera provides back-end technology for semiconductor manufacturing.
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