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Tessera Technologies (TSRA) Jumps: Stock Rises 5.8%

Zacks Equity Research

Tessera Technologies Inc. (TSRA) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above past one month’s volatile price range of $21.69 to $22.72.

This developer of technologies and products for electronic devices has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate hasn’t been in trend either. Yesterday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.

Tessera Technologies currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some notable stocks in the electronic device manufacturing industry are Brooks Automation, Inc.  (BRKS), Entegris, Inc. (ENTG) and Nikon Corp. (NINOY). All the three stocks carry a Zacks Rank #2 (Buy).

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