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Tessera Technologies (TSRA) develops, licenses, and delivers semiconductor, interconnect, and imaging technologies.
The company operates in two segments, Intellectual Property and DigitalOptics.
The Intellectual Property segment offers semiconductor packaging technologies, which create mechanical and electrical connection between semiconductor chips and systems, such as computers and communication equipments through connection to printed circuit boards. The segment also acquires, develops, and licenses interconnect solutions and intellectual property in the areas, such as mobile computing and communications, memory and data storage, and 3-D integrated circuit technologies to original equipment manufacturers, original design manufacturers, and integrated device manufactures, as well as supports the technology transfer.
The DigitalOptics segment provides software solutions for mobile imaging comprising FaceTools, which provide face-oriented imaging technology, such as face detection/tracking, smile/blink detection, red-eye removal, face recognition, and face beautification; and Face Beautification that allows users to enhance portraits. This also offers FotoSavvy, a solution that enables the novice user of a smartphone camera to take pictures like a professional photographer; FacePower, which enables the camera of a smart-phone to be a low power sensor, in order to save battery power; Panorama that enables users to automatically create panoramic images in a single step without a PC or editing software; and Image Stabilization, which corrects for motion blur and shake induced during video capture. The company has operation in Korea, Japan, China, Taiwan, Ireland and Romania.
Shares have pulled back recently and are now trading above their 200-day moving average. Shares have pulled back to a support level. The firm is scheduled to report its quarterly results on Monday. Estimates call for a profit of 67 cents. We expect a strong report from the company.
52-Week Trading Range: $20.38 to $43.71
Entry Point: $36.00
Stop Loss: $34.20
Target Price: $39.60
TSRA reached our target price. Closed at $39.70.
