Prudential PLC Sells 158,496 Shares of Tessera Holding Corporation (TSRA)

Prudential PLC decreased its stake in Tessera Holding Corporation (NASDAQ:TSRA) by 24.1% during the fourth quarter, Holdings Channel reports. The fund owned 499,925 shares of the company’s stock after selling 158,496 shares during the period. Prudential PLC’s holdings in Tessera Holding Corporation were worth $22,097,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Acrospire Investment Management LLC boosted its position in Tessera Holding Corporation by 11.5% in the third quarter. Acrospire Investment Management LLC now owns 2,900 shares of the company’s stock valued at $111,000 after buying an additional 300 shares during the last quarter. Teacher Retirement System of Texas boosted its position in Tessera Holding Corporation by 25.5% in the second quarter. Teacher Retirement System of Texas now owns 7,038 shares of the company’s stock valued at $216,000 after buying an additional 1,428 shares during the last quarter. Yorktown Management & Research Co Inc acquired a new position in Tessera Holding Corporation during the third quarter valued at about $250,000. Foundry Partners LLC boosted its position in Tessera Holding Corporation by 15.0% in the third quarter. Foundry Partners LLC now owns 9,830 shares of the company’s stock valued at $378,000 after buying an additional 1,285 shares during the last quarter. Finally, Aperio Group LLC boosted its position in Tessera Holding Corporation by 10.9% in the third quarter. Aperio Group LLC now owns 10,001 shares of the company’s stock valued at $384,000 after buying an additional 986 shares during the last quarter. Institutional investors own 98.83% of the company’s stock.

Institutional Ownership by Quarter for Tessera Holding Corporation (NASDAQ:TSRA)

Tessera Holding Corporation (NASDAQ:TSRA) traded down 0.11% during midday trading on Monday, hitting $43.80. The company had a trading volume of 280,090 shares. The company’s 50 day moving average is $44.64 and its 200 day moving average is $38.81. Tessera Holding Corporation has a 12-month low of $26.44 and a 12-month high of $45.95. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 24.94 and a beta of 0.97.

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A number of equities research analysts recently weighed in on the company. Benchmark Co. restated a “buy” rating and issued a $53.00 price target (up previously from $45.00) on shares of Tessera Holding Corporation in a report on Wednesday, January 4th. Zacks Investment Research upgraded Tessera Holding Corporation from a “hold” rating to a “strong-buy” rating and set a $43.00 price target on the stock in a report on Thursday, November 3rd.

In other news, Director Donald E. Stout sold 1,900 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $43.70, for a total transaction of $83,030.00. Following the transaction, the director now directly owns 27,070 shares in the company, valued at $1,182,959. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George Andrew Riedel sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $44.30, for a total transaction of $354,400.00. Following the transaction, the director now owns 20,180 shares in the company, valued at $893,974. The disclosure for this sale can be found here. Insiders have sold 11,800 shares of company stock worth $521,752 over the last quarter. 1.20% of the stock is owned by company insiders.

Tessera Holding Corporation Company Profile

Tessera Holding Corporation is a product and technology licensing company. The Company’s technologies and intellectual property are deployed, in areas, such as audio, computational imaging, computer vision, mobile computing and communications, memory, data storage, three dimensional (3D) semiconductor interconnect and packaging.

5 Day Chart for NASDAQ:TSRA

Want to see what other hedge funds are holding TSRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tessera Holding Corporation (NASDAQ:TSRA).

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