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Tessera Technologies (TSRA)

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By: Zacks Equity Research
August 08, 2011 | Comment(s): 0
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Tessera Technologies (TSRA - Analyst Report) is a provider of back-end technology for semiconductor manufacturing. Protection of intellectual property (IP) for a company this small is a challenge, as are the inherent pricing pressures in the DRAM market.

We expect 2011 to see only slight growth and escalated litigation, as customers continue to use the technology without renewing their licenses. The wafer level optics technology will also make a slower start than initially expected.

The company derives a significant percentage of its revenues from the relatively small image sensor market. Management has admitted that the adoption of Tessera's wafer level optics technology was at much slower rates than was originally anticipated, which prompted Tessera to lower revenue targets for 2011.

Tessera Technologies (TSRA) : FULL ANALYST REPORT

Bear of the Day
Every day we feature one stock with a Zacks Recommendation of Sell that is set to underperform over the next 6+ months. We also provide you with free access to the in-depth research report on the stock. If you would like to see all our Buy and Sell rated stocks and in-depth research reports, then check out  Zacks Premium.

Read the full analyst report on TSRA

 

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