Kirr Marbach Co In Lowers stake in Tessera Technologies (TSRA)

Tessera Technologies (TSRA) : Kirr Marbach Co In reduced its stake in Tessera Technologies by 1.04% during the most recent quarter end. The investment management company now holds a total of 475,828 shares of Tessera Technologies which is valued at $15,473,927 after selling 4,979 shares in Tessera Technologies , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Tessera Technologies makes up approximately 3.11% of Kirr Marbach Co In’s portfolio.

Other Hedge Funds, Including , Louisiana State Employees Retirement System reduced its stake in TSRA by selling 500 shares or 2.39% in the most recent quarter. The Hedge Fund company now holds 20,400 shares of TSRA which is valued at $663,408. Tessera Technologies makes up approx 0.03% of Louisiana State Employees Retirement System’s portfolio.Meeder Asset Management Inc reduced its stake in TSRA by selling 3,650 shares or 46.08% in the most recent quarter. The Hedge Fund company now holds 4,271 shares of TSRA which is valued at $135,818. Tessera Technologies makes up approx 0.01% of Meeder Asset Management Inc’s portfolio.Meritage Portfolio Management reduced its stake in TSRA by selling 2,310 shares or 1.79% in the most recent quarter. The Hedge Fund company now holds 126,745 shares of TSRA which is valued at $4,030,491. Tessera Technologies makes up approx 0.44% of Meritage Portfolio Management’s portfolio.Alpha Windward reduced its stake in TSRA by selling 900 shares or 6.33% in the most recent quarter. The Hedge Fund company now holds 13,320 shares of TSRA which is valued at $409,190. Tessera Technologies makes up approx 0.29% of Alpha Windward’s portfolio.

Tessera Technologies opened for trading at $32.13 and hit $32.26 on the upside on Friday, eventually ending the session at $32.14, with a gain of 0.16% or 0.05 points. The heightened volatility saw the trading volume jump to 3,49,017 shares. Company has a market cap of $1,575 M.

On the company’s financial health, Tessera Technologies reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.44. The company had revenue of $60.00 million for the quarter, compared to analysts expectations of $57.73 million. The company’s revenue was down -24.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.74 EPS.

Tessera Technologies Inc. is a holding company. The Company operates its business through its subsidiaries which include Invensas Corporation (Invensas) which is engaged in semiconductor interconnect innovation and intellectual property licensing and FotoNation Limited (FotoNation) which provides face-oriented imaging technologies. Its technologies include semiconductor packaging and interconnect solutions and products and solutions for mobile and imaging including its LifeFocus FaceTools FacePower FotoSavvy DigitalAperture face beautification red-eye removal high dynamic range autofocus panorama and image stabilization intellectual property. Its packaging capabilities include a low-temperature wafer bonding technology platform that manages the delivery of 2.5-dimensional (2.5D) and three-dimensional integrated circuit (3D-IC) solutions. The Company’s 2.5D and 3D-IC solutions include ZiBond direct bonding and DBI hybrid bonding technologies.

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