Technology stocks still were adding to their day-long advance, with shares of technology companies in the S&P 500 gaining 0.7% Thursday.

In company news, Tessera Technologies (NASDAQ:TSRA) is up more than 8% this afternoon after the maker of miniaturization technologies said it will receive $196 million after reaching a settlement with Powertech Technology Co. Ltd. and Macrotech Technologies in their intellectual property dispute.

Under terms of the deal, TSRA will begin receiving the first of 18 quarterly payments through the end of 2018 in exchange for staying its suit against Powertech and Macrotech over terms of their licensing agreement with the company. Powertech started the legal fight in December 2011 by seeking to terminate its licensing pact with TSRA. The federal judge presiding over the case and related litigation last month issued a cut-off date for discovery and set an April 7 starting date for trial.

Also Thursday, TSRA increased its guidance for Q1 revenue by $50 million over its prior outlook for the current quarter, now forecasting between $83 million to $86 million in revenue. Analysts have been looking for the semiconductor equipment company to produce around $34 million in revenue during the three months ending March 31.

TSRA shares were up 7.5% in recent trade after jumping to a session high of $21.98 a share soon after the settlement was announced. The stock has a 52-week range of $17.39 to $22.59 a share.

In other sector news

UniPixel Inc (NASDAQ:UNXL), Q4 net loss widens to $0.50 per share from a $0.30 loss last year and coming in $0.15 per share wider than estimates. Revenue jumps 462% over year-ago levels to $11,409, trailing consensus view expecting $1.28 mln in quarterly revenue.