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Tessera Technologies (TSRA) Worth Watching: Stock Up 9.4%

Zacks Equity Research

Tessera Technologies Inc. (TSRA) was a big mover last session, as the company saw its shares rise over 9% 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 $21.77 to $24.05.

This developer of technologies and products for electronic devices has seen no estimate revision in the last 30 days. Meanwhile, the Zacks Consensus Estimate has moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.

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 MKS Instruments, Inc.  (MKSI), Siliconware Precision Industries Co. Ltd. (SPIL) and Nikon Corp. (NINOY). While MKS sports a Zacks Rank #1 (Strong Buy), SPIL and NINOY carry a Zacks Rank #2 (Buy).

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TESSERA TECHNOLOGIES INC (TSRA): Free Stock Analysis Report

MKS INSTRUMENTS INC (MKSI): Free Stock Analysis Report

SILICONWARE PRECISION INST ADS (SPIL): Free Stock Analysis Report

NIKON CORP SPONS ADR (NINOY): Free Stock Analysis Report


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