This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Stocks Insiders Love Right Now

Tessera Technologies

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

One semiconductor player that insiders are snapping up shares in here is Tessera Technologies (TSRA), which operates through its subsidiaries in two segments: Intellectual Property and DigitalOptics. Insiders are buying this stock into strength, since shares are up 25% so far in 2013.

Tessera Technologies has a market cap of $1 billion and an enterprise value $692 million. This stock trades at a reasonable valuation, with a forward price-to-earnings of 20.75. Its estimated growth rate for the next quarter is 380%, and for this year it's pegged at -166.7%. This is a cash-rich company, since the total cash position on its balance sheet is $402.71 million and its total debt is zero. This stock currently sports a dividend yield of 1.9%.

>>3 Stocks Under $10 Making Big Moves

A director just bought 20,000 shares, or about $422,000 worth of stock, at $21.11 per share.

From a technical perspective, TSRA is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending strong for the last six months, with shares soaring higher from its low of $14.53 to its recent 52-week high at $21.33 a share. During that uptrend, shares of TSRA have been consistently making higher lows and higher highs, which is bullish technical price action.

If you're bullish on TSRA, then look for long-biased trades as long as this stock is trending above some key near-term support levels at $20.50 or above its 50-day at $19.51 and then once it breaks out above its 52-week high at $21.33 a share with high volume. Look for a sustained move or close above that level with volume that hits near or above its three-month average action of 366,086 shares. If that breakout triggers soon, then TSRA will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $24 to $25 a share.

5 of 6

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs