Cantor Fitzgerald Starts Tessera Technologies (TSRA) at Buy; Emerging Growth Prospects & Potential Litigation Wins

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Cantor Fitzgerald initiates coverage on Tessera Technologies (NASDAQ: TSRA) with a Buy. PT $25.00.

Analyst, Daniel Gelbtuch, said, "Although there are a number of near-term catalysts and potential pitfalls (Micron's (NYSE: MU) license expires on May 22, while Powertech is trying to escape its) in the near term, we believe TSRA shares are already factoring in a dire scenario."

"Meanwhile, we believe Tessera is on the cusp of: 1) Numerous emerging growth vectors with bright prospects (MEMS autofocus actuators for cameraphones, 3D semiconductor technology); and 2) potentially lucrative litigation victories (against Amkor and QUALCOMM (Nasdaq: QCOM) / AMD (NYSE: AMD) / Freescale (NYSE: FSL)).

For an analyst ratings summary and ratings history on Tessera Technologies click here. For more ratings news on Tessera Technologies click here.

Shares of Tessera Technologies closed at $17.03 yesterday, with a 52 week range of $11.13-$20.77.

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