Last $41.93 USD
Change Today +1.87 / 4.67%
Volume 1.3M
As of 8:10 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

tessera technologies inc (TSRA) Snapshot

Open
$40.12
Previous Close
$40.06
Day High
$41.98
Day Low
$40.12
52 Week High
02/11/15 - $42.66
52 Week Low
05/7/14 - $19.91
Market Cap
2.2B
Average Volume 10 Days
569.7K
EPS TTM
$3.46
Shares Outstanding
52.9M
EX-Date
02/27/15
P/E TM
12.1x
Dividend
$0.80
Dividend Yield
2.43%
Current Stock Chart for TESSERA TECHNOLOGIES INC (TSRA)

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tessera technologies inc (TSRA) Details

Tessera Technologies Inc. develops and licenses miniaturization technologies for chip-scale, multichip, and wafer-level packaging, which enables companies to produce chips for digital audio players, digital cameras, personal computers, personal digital assistants, video game consoles, and mobile phones. The 17-year-old company also manufactures wafer optics in small volumes. Its related services run from engineering (such as customized package design, modeling, simulation, failure analysis, and reliability testing) to assembly (training and consulting to help semiconductor assemblers keep assembly lines up to date) and infrastructure (evaluation, qualification, cost reduction, and cost analysis for companies that supply equipment and materials to chipmakers). Customers include chipmakers and assemblers, system manufacturers, electronic manufacturing service companies, and government agencies and their contractors. Tessera is based in San Jose, Calif.

203 Employees
Last Reported Date: 02/25/15
Founded in 1990

tessera technologies inc (TSRA) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $295.9K
President of DigitalOptics Corporation
Total Annual Compensation: $515.7K
Compensation as of Fiscal Year 2013.

tessera technologies inc (TSRA) Key Developments

Tessera Technologies Inc. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter of 2015 and Reiterates Revenue Guidance for the Full Year of 2015

Tessera Technologies Inc. announced unaudited consolidated financial results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total revenues of $59.924 million against $56.333 million a year ago. Operating income from continuing operations was $46.968 million against $17.033 million a year ago. Income before income taxes from continuing operations was $47.417 million against $17.319 million a year ago. Income from continuing operations was $36.319 million or $0.68 per diluted share against $7.030 million or $0.13 per diluted share a year ago. Net income was $37.090 million or $0.69 per diluted share against net loss of $54.149 million or $1 per diluted share a year ago. Non-GAAP income from continuing operations was $33.669 million or $0.62 per diluted share against $15.171 million or $0.27 per diluted share a year ago. Recurring revenue increased by 69%, from $25.6 million in 2013 to $43.3 million in the fourth quarter of 2014. Episodic revenue, which fluctuates from quarter to quarter, totaled $16.6 million in the fourth quarter of 2014 compared with $30.8 million in the fourth quarter of 2013. For the year, the company reported total revenues of $278.807 million against $168.811 million a year ago. Operating income from continuing operations was $165.696 million against operating loss from continuing operations of $6.257 million a year ago. Income before income taxes from continuing operations was $167.246 million against loss before income taxes from continuing operations of $5.049 million a year ago. Income from continuing operations was $174.943 million or $3.27 per diluted share against loss from continuing operations of $40.909 million or $0.77 per diluted share a year ago. Net income was $170.454 million or $3.18 per diluted share against net loss of $185.555 million or $3.48 per diluted share a year ago. Non-GAAP income from continuing operations was $123.260 million or $2.26 per diluted share against non-GAAP loss from continuing operations of $10.842 million or $0.20 per diluted share a year ago. Total recurring revenue for the full year 2014 was $149.8 million as compared with $103.1 million for the full year 2013. For the first quarter of 2015, the company expects total revenue to be between $78 million and $80 million, GAAP earnings per share between $0.58 to $0.62 per share, and non-GAAP earnings per share between $0.68 to $0.72 per share. Amortization of intangible assets per share expected to be of $0.06. Reiterates 2015 baseline recurring revenue guidance of $235 million, up 57% over 2014.

Tessera Technologies Announces Regular Quarterly Dividend, Payable on Mar. 24, 2015

Tessera Technologies Inc. announced that on February 3, 2015, the Board of Directors approved an increase of the regular quarterly dividend to $0.20 per share of common stock, payable on Mar. 24, 2015 to stockholders of record on Mar. 3, 2015.

Tessera Technologies Inc. to Report Q4, 2014 Results on Feb 10, 2015

Tessera Technologies Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Feb 10, 2015

 

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Industry Analysis

TSRA

Industry Average

Valuation TSRA Industry Range
Price/Earnings 12.3x
Price/Sales 7.6x
Price/Book 3.9x
Price/Cash Flow 12.4x
TEV/Sales 6.0x
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