Tue, Nov. 3, 4:14 PM
Mon, Nov. 2, 5:35 PM
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Tue, Aug. 4, 2:16 PM
- Tessera (NASDAQ:TSRA) has rallied above $38 after beating Q2 estimates and guiding for Q3 revenue of $64M-$66M and EPS of $0.55-$0.57, above a consensus of $62.6M and $0.48.
- Boosting Q2 EPS: Operating expenses fell 25% Y/Y to $27.4M. A 66% drop in litigation spend to $3.5M (thanks to multiple settlements) helped, as did a 9% drop in R&D/SG&A spend to $19M. Also: $25M was spent to buy back 645K shares.
- Tessera notes its Invensas chip packaging IP unit is "actively involved" with chip manufacturers to commercialize its xFD and BVA packaging technologies, and that its FotoNation photo/imaging IP unit is working on new biometric and auto market products.
- Q2 results, PR
Mon, Aug. 3, 4:11 PM
Thu, Jun. 18, 11:47 AM
- Steve Teig, formerly the founder and CTO of FPGA maker Tabula (recently closed its doors) and before that the CTO of EDA software maker Cadence, has been named Tessera's (TSRA +0.9%) CTO.
- Craig Mitchell, who was previously working as both CTO and as the president of Tessera's Invensas chip interconnect IP unit, will now "dedicate more of his time towards accelerating the growth of Invensas."
Wed, May 6, 3:31 PM
- Today's notable tech gainers include LED/chip equipment maker Aixtron (AIXG +6.7%), distributed power system/software firm PowerSecure (POWR +7.2%), cloud customer support software vendor Zendesk (ZEN +5%), and chip packaging IP firm Tessera (TSRA +4.9%).
- Notable decliners include LED giant Cree (CREE -4.2%), 3D printer maker ExOne (XONE -5.6%), big data/analytics software provider Hortonworks (HDP -5.7%), health site owner Everyday Health (EVDY -7.7%), and IP licensing firm WiLAN (WILN -6%). The Nasdaq is down 0.7%.
- PowerSecure is up after beating Q1 estimates on the back of major increases in Distributed Generation and Solar Energy segment sales. Zendesk is up after posting a Q1 beat and guiding for full-year revenue of $192M-$195M (above a $189.6M consensus). Tessera is rallying thanks to a Q1 beat and strong Q2 guidance (revenue of $62M-$64M and EPS of $0.47-$0.50 vs. a consensus of $$57.3M and $0.40).
- Cree is adding to the losses seen two weeks ago after it posted mixed results and light guidance. ExOne's drop comes after larger rival 3D Systems declined to provide guidance with its Q1 results. Everyday has been downgraded to Hold by Stifel. WiLAN is adding to last week's post-earnings losses.
- Previously covered: Zulily, Groupon, Axcelis, QuinStreet, Skullcandy, Millennial Media, LendingClub, TechTarget, Anadigics, Zagg, Cray, Enphase, Wix.com, Jive Software
Tue, May 5, 4:13 PM
Wed, Mar. 25, 12:03 PM
- Chip stocks are particularly hard-hit (SOXX -3.6%) on a rough day for tech. The Nasdaq is down 1.3%, and the S&P 0.7%. Going into today, good earnings reports and ongoing M&A activity had led the Philadelphia Semi Index to rise 10% from its Jan. 30 close; the index remains up nearly 2x from its fall 2012 lows.
- AMD (AMD -7.2%) is a major decliner following a UBS downgrade. AMD rival/GPU giant Nvidia (NVDA -5.2%) and memory giant Micron (MU -3.7%) are also selling off, as are merger partners NXP (NXPI -3.8%) and Freescale (FSL -3.4%), RF chipmakers Avago (AVGO -5.2%), Skyworks (SWKS -5.3%), and Qorvo (QRVO -7.1%), LED/RF chipmaker Cree (CREE -4.1%), and high-flying video processor developer Ambarella (AMBA -4.3%).
- Other decliners include telecom chipmakers/ARM server CPU vendors Cavium (CAVM -4.8%) and AppliedMicro (AMCC -4.4%), microcontroller vendors Atmel (ATML -3.5%), Cypress (CY -5.5%), and STMicroelectronics (STM -3.5%), voice processor developer Audience (ADNC -3.7%), analog/mixed-signal chipmakers Linear (LLTC -3.7%), Maxim (MXIM -3%), and Intersil (ISIL -3.5%), FPGA maker Lattice (LSCC -3.9%), and mixed-signal/wireless charging IC developer IDT (IDTI -5.4%).
- Chip equipment, IP, and foundry providers are also underperforming. Big decliners include ARM (ARMH -4.4%), KLA-Tencor (KLAC -4.2%), Lam Research (LRCX -5.4%), ASML (ASML -4.1%), TowerJazz (TSEM -4.3%), Mattson (MTSN -4.5%), Ultratech (UTEK -4.7%), and Tessera (TSRA -6.1%). ASML has been downgraded to Hold by Banco Santander.
- TSMC (TSM -4.6%) is among the decliners in spite of a Digitimes report stating the foundry giant's sales are expected to rise 0%-5% Q/Q in Q2 - consensus is for a 2% drop - with strong Apple A8 CPU orders offsetting soft Qualcomm Snapdragon 810 orders.
- Chip ETFs: SMH, XSD, PSI, SOXL, USD, SOXS, SSG
Wed, Mar. 4, 3:01 PM
- Today's notable tech gainers include Chinese online classifieds leader 58.com (WUBA +5.9%), CDN owner Limelight (LLNW +6.5%), account-protection software provider CyberArk (CYBR +3.2%), flash storage array vendor Violin Memory (VMEM +3.8%), online video ad platform Tremor Video (TRMR +4%), and Chinese mobile game publisher Sky-mobi (MOBI +11.9%).
- Notable decliners include cloud HR/financials software leader Workday (WDAY -5.8%), systems management software vendor SolarWinds (SWI -3.8%), chip packaging IP firm Tessera (TSRA -4.3%), security hardware/software provider KEYW Holding (KEYW -3.7%), and Chinese online real estate play E-House (EJ -4%). The Nasdaq is down 0.2%.
- Sky-mobi has flown higher since Rosenblatt Securities pounded the table for the company last week. Workday has fallen sharply since last week's FQ4 revenue beat. E-House has gradually declined this week since 58.com announced the purchase of Chinese real estate site Anjuke.
- Previously covered: Neustar, AeroVironment, Alibaba, SanDisk, Autohome/Bitauto, ReneSola, Trina, Ambarella/GoPro, Bazaarvoice, Veeva
Thu, Feb. 12, 3:04 PM
- On a day the Nasdaq is up 1% (thanks in part to Cisco), notable tech gainers include wireless broadband/Wi-Fi hardware provider Ubiquiti (UBNT +5.5%), M2M hardware/service provider Sierra Wireless (SWIR +6.2%), fiber access equipment vendor Zhone (ZHNE +3.3%), CDN leader Akamai (AKAM +5.8%), 3D printing plays Voxeljet (VJET +12.5%) and Materialise (MTLS +4.4%), satellite services/hardware vendor ViaSat (VSAT +4.4%), capacitor maker Kemet (KEM +5.8%), Chinese online real estate play Leju (LEJU +5.7%), and microcap solar installer RGS Energy (RGSE +24.3%).
- With markets trading higher, the list of notable decliners is smaller. It includes fixed wireless broadband provider Towerstream (TWER -8.9%), local services marketplace Angie's List (ANGI -5%), Chinese social networking/IM platform YY (YY -4.5%), and chip packaging IP provider Tessera (TSRA -6.1%).
- Sierra, Ubiquiti, and Zhone have joined the list of telecom/networking equipment firms rallying on account of Cisco's numbers. Akamai and ViaSat are adding to the gains they saw yesterday thanks to market-pleasing earnings (I, II), and Tessera is reversing the Wednesday gains it saw on account of a Q4 beat. Voxeljet also rose sharply yesterday.
- Previously covered: Baidu, TripAdvisor, Nvidia, FireEye, Zillow/Trulia, enterprise tech stocks
Tue, Feb. 10, 4:14 PM
Mon, Feb. 9, 5:35 PM
Fri, Jan. 16, 11:31 AM
- Tessera (TSRA +7.3%) is near its post-financial crisis highs after announcing chip testing/assembly firm Amkor will pay it $155M over 16 quarters to end Tessera's infringement suit.
- The deal follows a $196M 2014 settlement with Taiwanese chip test/assembly firm PTI. Tessera trades for 7.5x its revised 2015 recurring revenue guidance of $235M.
Thu, Jan. 15, 4:43 PM
- Amkor (NASDAQ:AMKR) will pay Tessera (NASDAQ:TSRA) $155M to settle the companies' long-running patent dispute, via 16 payments to be made between Q1 2015 and Q4 2018. The settlement covers the $128.3M arbitration award granted to Tessera last October.
- With the settlement in tow, Tessera is hiking its 2015 recurring revenue guidance by $40M to $235M; the company's 2015 total revenue consensus is at $221.4M.
Oct. 30, 2014, 6:41 PM
Oct. 30, 2014, 4:20 PM
Tessera Technologies Inc with its subsidiaries create, develop and license semiconductor, interconnect and imaging technologies. Its semiconductor packaging technologies have been licensed to more than 70 companies.
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