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
TheStreet Open House

5 Stocks Insiders Love Right Now

Stock quotes in this article: LINE, CAB, TSLA, TSRA, BXMT

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 16,742.30 -62.41 -0.37%
S&P 500 1,941.21 -4.95 -0.25%
NASDAQ 4,405.67 -16.4150 -0.37%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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