Tessera Changing Name to Xperi to Reflect Expanded Capabilities, Vision

DTS parent company Tessera is changing its name to Xperi, with the Nasdaq ticker symbol XPER, effective Thursday, it said in an announcement. The change reflects the company’s “expanded capabilities, continued technological innovation and refined vision,” it said. Tessera bought DTS in September in a cash deal valued at $850 million (see 1609200027). It also owns digital imaging supplier FotoNation and Invensas, a supplier of semiconductor packaging.