One semiconductor player that insiders are snapping up a big amount of stock in here is Tessera Technologies ( TSRA). Insiders are buying this stock into notable weakness, since shares are off 10.3% during the last three months. >>5 High-Yield Tech Stocks Poised to Boost Dividends Tessera Technologies has a market cap of $991 million and an enterprise value of $629 million. This stock trades at a cheap valuation, with a forward price-to-earnings of 11.39. Its estimated growth rate for the next quarter is 237.5%, and for next year it's pegged at 374.6%. This is a cash-rich company, since the total cash position on its balance sheet is $380.51 million and its total debt is zero. This stock currently sports a dividend yield of 2.1%. A director just bought 175,000 shares, or about $3.30 million worth of stock, at $18.79 per share. From a technical perspective, TSRA is currently trending just above its 200-day moving average and right below its 50-day moving average, which is neutral trendwise. This stock has been downtrending badly for the last two months, with shares dropping from its high of $22.47 to its recent low of $18.19 a share. During that move, shares of TSRA have been consistently making lower highs and lower lows, which is bearish technical price action. If you're bullish on TSRA, then look for long-biased trades as long as this stock is trending above $80 or above its 200-day at $18.28 and then once it moves back above its 50-day at $18.76 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 volume of 316,642 shares. If we get that move soon, then TSRA will set up to re-test or possibly take out its next major overhead resistance levels at $19.76 to $21 a share. Any high-volume move above those levels will then put its 52-week high at $22.59 into range for shares of TRSA.