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20.45 (1y: +44%)
Market Cap 1.08 B P/E(ttm)
Enterprise Value 681.01 M P/B 1.67
TSRA- NAS (USA)
Tessera Technologies, Inc.
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$20.45
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 9/10

vs
industry		 vs
history
Cash to Debt No Debt
TSRA's Cash to Debt is ranked higher than
63% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 10000.00 vs. TSRA: No Debt )
TSRA' s 10-Year Cash to Debt Range
Min: No Debt   Max: No Debt
Current: No Debt
Equity to Asset 0.731
TSRA's Equity to Asset is ranked higher than
72% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 0.59 vs. TSRA: 0.731 )
TSRA' s 10-Year Equity to Asset Range
Min: -3.41   Max: 0.97
Current: 0.73
-3.41
0.97
Interest Coverage No Debt
TSRA's Interest Coverage is ranked higher than
70% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 10000.00 vs. TSRA: No Debt )
TSRA' s 10-Year Interest Coverage Range
Min: No Debt   Max: No Debt
Current: No Debt
F-Score: 1
Z-Score: 13.28
M-Score: -2.81
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry		 vs
history
Operating margin (%) -17.50
TSRA's Operating margin (%) is ranked higher than
54% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.60 vs. TSRA: -17.50 )
TSRA' s 10-Year Operating margin (%) Range
Min: -309.7   Max: 49
Current: -17.5
-309.7
49
Net-margin (%) -12.9
TSRA's Net-margin (%) is ranked higher than
57% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.40 vs. TSRA: -12.9 )
TSRA' s 10-Year Net-margin (%) Range
Min: -296.9   Max: 81.2
Current: -12.9
-296.9
81.2
ROE (%) -4.7
TSRA's ROE (%) is ranked higher than
58% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.00 vs. TSRA: -4.7 )
TSRA' s 10-Year ROE (%) Range
Min: -4.7   Max: 43.8
Current: -4.7
-4.7
43.8
ROA (%) -4.3
TSRA's ROA (%) is ranked higher than
58% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.20 vs. TSRA: -4.3 )
TSRA' s 10-Year ROA (%) Range
Min: -115   Max: 42.3
Current: -4.3
-115
42.3
ROC (Joel Greenblatt) (%) -78.50
TSRA's ROC (Joel Greenblatt) (%) is ranked lower than
54% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 4.80 vs. TSRA: -78.50 )
TSRA' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -78.5   Max: 841.9
Current: -78.5
-78.5
841.9
Revenue Growth (%) -7.2
TSRA's Revenue Growth (%) is ranked higher than
77% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 4.80 vs. TSRA: -7.2 )
TSRA' s 10-Year Revenue Growth (%) Range
Min: -22.4   Max: 47.9
Current: -7.2
-22.4
47.9
ยป TSRA's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

TSRA Guru Trades in Q2 2012

Steven Cohen 1,183,979 sh (+10423.3%)
Jim Simons 1,321,414 sh (+33.77%)
David Einhorn 695,580 sh (unchged)
Chuck Royce 3,100 sh (unchged)
Jeremy Grantham Sold Out
Paul Tudor Jones Sold Out
Richard Snow 255,242 sh (-4.71%)
» More
Q3 2012

TSRA Guru Trades in Q3 2012

Whitney Tilson 45,000 sh (New)
Jeremy Grantham 15,900 sh (New)
Steven Cohen 1,680,313 sh (+41.92%)
David Einhorn 695,580 sh (unchged)
Zeke Ashton 66,200 sh (unchged)
Jim Simons 1,316,500 sh (-0.37%)
Chuck Royce 1,700 sh (-45.16%)
Richard Snow 28,942 sh (-88.66%)
» More
Q4 2012

TSRA Guru Trades in Q4 2012

John Rogers 12,800 sh (New)
Jim Simons 1,340,100 sh (+1.79%)
Steven Cohen 1,681,213 sh (+0.05%)
Whitney Tilson 45,000 sh (unchged)
David Einhorn 695,580 sh (unchged)
Zeke Ashton 66,200 sh (unchged)
Chuck Royce 1,700 sh (unchged)
Richard Snow 18,000 sh (-37.81%)
» More
Q1 2013

TSRA Guru Trades in Q1 2013

Steven Cohen 2,523,513 sh (+50.1%)
David Einhorn 695,580 sh (unchged)
Chuck Royce 1,700 sh (unchged)
Richard Snow 18,000 sh (unchged)
John Rogers 12,800 sh (unchged)
Whitney Tilson Sold Out
Jim Simons 1,312,600 sh (-2.05%)
» More
» Details

Insider Trades

Latest Guru Trades with TSRA

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Whitney Tilson 2013-03-31 Sold Out 0.6%$16.1 - $18.77 $ 20.4516%0
Richard Snow 2012-12-31 Reduce -37.81%0.01%$13.33 - $16.54 $ 20.4537%18000
John Rogers 2012-12-31 New Buy$13.33 - $16.54 $ 20.4537%12800
Whitney Tilson 2012-09-30 New Buy0.36%$13.68 - $15.49 $ 20.4539%45000
Richard Snow 2012-09-30 Reduce -88.66%0.19%$13.68 - $16.01 $ 20.4539%28942
Joel Greenblatt 2012-03-31 Sold Out 0.21%$15.16 - $20.34 $ 20.4522%0
Richard Snow 2012-03-31 Reduce -29.59%0.09%$15.16 - $20.34 $ 20.4522%267872
David Einhorn 2011-12-31 New Buy0.22%$11.27 - $17.42 $ 20.4536%695580
Ray Dalio 2011-09-30 Sold Out 0.07%$12.03 - $17.69 $ 20.4542%0
Joel Greenblatt 2011-09-30 Add 73.07%0.07%$12.03 - $17.69 $ 20.4542%90583
Richard Snow 2011-09-30 Add 38.68%0.07%$12.03 - $17.69 $ 20.4542%380757
George Soros 2011-09-30 Sold Out 0.0029%$12.03 - $17.69 $ 20.4542%0
Richard Snow 2011-06-30 Add 86.61%0.08%$15.7 - $19.76 $ 20.4517%274562
George Soros 2011-06-30 Reduce -33.33%$15.7 - $19.76 $ 20.4517%12000
Joel Greenblatt 2011-03-31 Add 212.72%0.24%$16.07 - $23.12 $ 20.459%63386
Richard Snow 2011-03-31 New Buy0.1%$16.07 - $23.12 $ 20.459%147132
George Soros 2011-03-31 Add 68.22%$16.07 - $23.12 $ 20.459%18000
Joel Greenblatt 2010-12-31 New Buy0.15%$18.24 - $22.34 $ 20.451%20269
George Soros 2010-12-31 Reduce -36.69%$18.24 - $22.34 $ 20.451%10700
George Soros 2010-09-30 Reduce -67.18%$15.16 - $18.73 $ 20.4524%16900
George Soros 2010-06-30 Reduce -25.04%0.01%$16.64 - $22.45 $ 20.457%51500
George Soros 2010-03-31 Add 74.37%0.01%$16.98 - $24.06 $ 20.455%68700
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/B 1.67
TSRA's P/B is ranked lower than
54% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.28 vs. TSRA: 1.67 )
TSRA' s 10-Year P/B Range
Min: 0.92   Max: 43.32
Current: 1.67
0.92
43.32
P/S 4.88
TSRA's P/S is ranked lower than
88% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.10 vs. TSRA: 4.88 )
TSRA' s 10-Year P/S Range
Min: 1.71   Max: 29.96
Current: 4.88
1.71
29.96
EV-to-EBIT -7.19
TSRA's EV-to-EBIT is ranked higher than
91% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 14.70 vs. TSRA: -7.19 )
TSRA' s 10-Year EV-to-EBIT Range
Min: 1.6   Max: 805.1
Current: -7.19
1.6
805.1
Shiller P/E 63.53
TSRA's Shiller P/E is ranked higher than
94% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 14.80 vs. TSRA: 63.53 )
TSRA' s 10-Year Shiller P/E Range
Min: 10.29   Max: 64.5
Current: 63.53
10.29
64.5

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 1.96
TSRA's Dividend Yield is ranked higher than
68% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.71 vs. TSRA: 1.96 )
TSRA' s 10-Year Dividend Yield Range
Min: 0.65   Max: 2.26
Current: 1.96
0.65
2.26
Yield on cost (5-Year) 2.00
TSRA's Yield on cost (5-Year) is ranked higher than
68% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.83 vs. TSRA: 2.00 )
TSRA' s 10-Year Yield on cost (5-Year) Range
Min: 0.65   Max: 2.26
Current: 2
0.65
2.26
Share Buyback Rate -1.3
TSRA's Share Buyback Rate is ranked higher than
82% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: -1.55 vs. TSRA: -1.3 )
TSRA' s 10-Year Share Buyback Rate Range
Min: -0.3   Max: -66.6
Current: -1.3

Valuation & Return

vs
industry		 vs
history
Price/Net Cash 2.9
TSRA's Price/Net Cash is ranked higher than
86% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 5.30 vs. TSRA: 2.9 )
TSRA' s 10-Year Price/Net Cash Range
Min: 1.9   Max: 16.8
Current: 2.9
1.9
16.8
Price/Net Current Asset Value 64.3
TSRA's Price/Net Current Asset Value is ranked higher than
97% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 6.80 vs. TSRA: 64.3 )
TSRA' s 10-Year Price/Net Current Asset Value Range
Min: 34.9   Max: 372.1
Current: 64.3
34.9
372.1
Price/Tangible Book 2.1
TSRA's Price/Tangible Book is ranked higher than
67% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.40 vs. TSRA: 2.1 )
TSRA' s 10-Year Price/Tangible Book Range
Min: 1.6   Max: 12.8
Current: 2.1
1.6
12.8
Price/DCF (Projected) 1.1
TSRA's Price/DCF (Projected) is ranked higher than
85% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.10 vs. TSRA: 1.1 )
TSRA' s 10-Year Price/DCF (Projected) Range
Min: 0.5   Max: 0.9
Current: 1.1
0.5
0.9
Price/Median PS Value 1
TSRA's Price/Median PS Value is ranked higher than
82% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 0.80 vs. TSRA: 1 )
TSRA' s 10-Year Price/Median PS Value Range
Min: 0.5   Max: 5.4
Current: 1
0.5
5.4
Earnings Yield (Greenblatt) 11.30
TSRA's Earnings Yield (Greenblatt) is ranked higher than
95% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 5.60 vs. TSRA: 11.30 )
TSRA' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.1   Max: 63.4
Current: 11.3
0.1
63.4
Forward Rate of Return (Yacktman) 4.13
TSRA's Forward Rate of Return (Yacktman) is ranked higher than
85% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.30 vs. TSRA: 4.13 )
TSRA' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 9.9   Max: 70.7
Current: 4.13
9.9
70.7

Business Description

Tessera Technologies, Inc. was founded and incorporated in the state of Delaware in 1990. It is a holding company with operating subsidiaries in two segments: Intellectual Property (formerly Micro-electronics) and DigitalOptics (formerly Imaging and Optics). The Company's Intellectual Property segment is managed by Tessera Intellectual Property Corp., including managing the patent and licensing portfolios of its subsidiaries, Tessera, Inc. and Invensas Corporation (Invensas). The Company's Intellectual Property business, comprised of engineering, licensing, account administration and litigation teams, generates revenue from patented innovations through license agreements with semiconductor companies and outsourced semiconductor assembly and test companies. Tessera, Inc. pioneered chip-scale packaging solutions for the semiconductor industry. It is developing three-dimensional packaging solutions to address new opportunities in its semiconductor packaging. To support relicensing of key customers, Invensas creates custom portfolios of patents purchased from third parties. DigitalOptics Corporation and its subsidiaries (DOC) operate its DigitalOptics business. DOC delivers innovation in imaging and optics with products and capabilities that enable expanded functionality in increasingly smaller devices. DOC's miniaturized camera module solutions provide cost-effective, high-quality camera features, including Micro Electro Mechanical Systems (MEMS)-based auto-focus, extended depth of field (EDoF), zoom, image enhancement and optical image stabilization. These technologies can be applied to mobile phones and other consumer electronic products. DOC also offers customized micro-optic lenses from diffractive and refractive optical elements to integrated micro-optical subassemblies. Some of the competitors are ArcSoft, Inc., Anteryon B.V., DxO Labs, JenOptik A.G., and Heptagon Oy.
Company Website
SEC Reports
Industry: Semiconductor Equipment & Materials
Compare:ASML, AMAT, TOELY, KLAC, LRCX
ยป More Articles for TSRA

Headlines

Articles On GuruFocus.com
Cove Street Capital's Soap Opera at Tessera Mar 22 2013 
Valuing David Einhorn's Portfolio - The Discounted Cash Flow Model Jul 05 2012 
Bearish Kyle Bass Buys Index Put; Sells out Long Positions Feb 14 2012 
Tessera Technologies, Inc: An Activist Emerges Jan 04 2012 
New Guru Added: Kyle Bass of Hayman Advisors; Buys MMR, ATNY, TSRA, Sells RKT, KKR Dec 01 2011 
Tessera Technologies, Inc: Great News Lost in the Fray Nov 30 2011 
Tessera Technologies Inc. (TSRA) Chairman & CEO Henry R Nothhaft sells 11,250 Shares Feb 18 2011 
Tessera Technologies Inc. (TSRA) Executive VP & CFO Michael Anthofer sells 3,750 Shares Feb 18 2011 
Tessera Technologies Inc. (TSRA) Executive VP & CFO Michael Anthofer sells 2,000 Shares Feb 03 2011 
Tessera Technologies Inc. (TSRA) Chairman & CEO Henry R Nothhaft sells 2,000 Shares Feb 03 2011 


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