Short Interest Worth Watching: What’s Ahead for Tessera Technologies Incorporated (NASDAQ:TSRA) After More Shorted Shares?

November 18, 2016 - By Richard Conner   ·   0 Comments

Short Interest Worth Watching: What’s Ahead for Tessera Technologies Incorporated (NASDAQ:TSRA) After More Shorted Shares?

The stock of Tessera Technologies Incorporated (NASDAQ:TSRA) registered an increase of 0.95% in short interest. TSRA’s total short interest was 2.56 million shares in November as published by FINRA. Its up 0.95% from 2.53 million shares, reported previously. With 299,700 shares average volume, it will take short sellers 9 days to cover their TSRA’s short positions. The short interest to Tessera Technologies Incorporated’s float is 5.34%. The stock closed at $40.25 during the last session. It is down 34.89% since April 18, 2016 and is uptrending. It has outperformed by 30.46% the S&P500.

Tessera Technologies, Inc., including its subsidiaries, Invensas Corporation , 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 has a market cap of $1.96 billion. 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. It has a 22.86 P/E ratio.

Insitutional Activity: The institutional sentiment increased to 1.2 in 2016 Q2. 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.
G2 Invest Prtnrs Mgmt Limited Com reported 80,074 shares or 1.13% of all its holdings. Moreover, Federated Investors Pa has 0.02% invested in Tessera Technologies, Inc. (NASDAQ:TSRA) for 192,608 shares. Moody Savings Bank Division holds 14,433 shares or 0.03% of its portfolio. Moreover, Grt Partners Ltd Liability Corporation has 0.08% invested in Tessera Technologies, Inc. (NASDAQ:TSRA) for 10,846 shares. Moreover, Shannon River Fund Ltd Liability has 4.83% invested in Tessera Technologies, Inc. (NASDAQ:TSRA) for 630,000 shares. Suntrust Banks accumulated 0% or 8,236 shares. Paloma holds 0.04% of its portfolio in Tessera Technologies, Inc. (NASDAQ:TSRA) for 108,069 shares. Commercial Bank Of Mellon Corp holds 0.01% or 762,549 shares in its portfolio. Goldman Sachs Grp Inc Inc owns 275,550 shares or 0% of their US portfolio. Gotham Asset Mngmt Ltd Liability Corp has invested 0.11% of its portfolio in Tessera Technologies, Inc. (NASDAQ:TSRA). Stifel Financial Corporation, a Missouri-based fund reported 53,846 shares. Susquehanna Grp Llp accumulated 0% or 57,695 shares. Bnp Paribas Arbitrage Sa last reported 16,142 shares in the company. Fuller Thaler Asset has 0.08% invested in the company for 145,500 shares. Loomis Sayles & Company Lp accumulated 0% or 373 shares.

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.

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.

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By Richard Conner


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