Stock in Motion: Tessera Technologies Inc. (TSRA)

Company Profile:

Tessera Technologies, Inc. develops, licenses, and delivers semiconductor packaging and interconnect solutions; and products and solutions in the United States, Europe, and internationally. The Company’s technologies include semiconductor packaging and interconnect solutions, and products and solutions for mobile and computational imaging, including its FaceTools, FacePower, FotoSavvy, DigitalAperture, face beautification, red-eye removal, High Dynamic Range, autofocus, panorama, and image stabilization intellectual property. Tessera Technologies, Inc. was founded in 1990 and is headquartered in San Jose, California.

Recent News:

On June 18, 2015, Tessera Technologies, Inc. announced that it has named Steve Teig as chief technology officer (CTO) effective immediately. Craig Mitchell, who has been serving in dual roles as CTO of Tessera and as president of the Company’s subsidiary, Invensas Corporation, will dedicate more of his time towards accelerating the growth of Invensas.

The company is expected to announce next quarter earnings on August 03, at consensus estimate of $0.44. Tessera Technologies Inc (TSRA) reported last quarter earnings on May 05. The Semiconductor Equipment company announced earnings per share of $0.72 against a consensus Street estimate of $0.64, beating the average estimate by $0.08.

Fundemental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

TSRA’s strengths can be seen in its strong growth and robust efficiency. Technical indicators signal the bullish signs, as there is a bullish cross in MACD and Stochastic Oscillator. RSI is increasing to 52.55. The current P/E ratio indicates it is undervalued compared to the average P/E ratio of the industry and the sector. We rate Tessera Technologies Inc. (TSRA) a Strong BUY.