Hays Advisory Lowers stake in InterDigital (IDCC)

InterDigital (IDCC) : Hays Advisory reduced its stake in InterDigital by 11.34% during the most recent quarter end. The investment management company now holds a total of 163,826 shares of InterDigital which is valued at $9,347,912 after selling 20,954 shares in InterDigital , the firm said in a disclosure report filed with the SEC on Apr 12, 2016.InterDigital makes up approximately 1.31% of Hays Advisory’s portfolio.

InterDigital closed down -0.43 points or -0.75% at $57.06 with 3,48,892 shares getting traded on Friday. Post opening the session at $57.18, the shares hit an intraday low of $56.3 and an intraday high of $57.34 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Creative Planning reduced its stake in IDCC by selling 390 shares or 0.68% in the most recent quarter. The Hedge Fund company now holds 56,956 shares of IDCC which is valued at $3,080,750. InterDigital makes up approx 0.02% of Creative Planning’s portfolio.

On the company’s financial health, InterDigital reported $0.92 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $0.74. The company had revenue of $112.10 million for the quarter, compared to analysts expectations of $110.10 million. The company’s revenue was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

InterDigital Inc. (InterDigital) designs and develops advanced technologies for wireless communications. The Company has designed and developed a range of technologies that are used in digital cellular and wireless products and networks including second generation (2G) third generation (3G) fourth generation (4G) and IEEE 802 related products and networks. The Company is engaged in developing cellular technologies including those related to code division multiple access (CDMA) and time division multiple access (TDMA) and orthogonal frequency division multiplexing/ orthogonal frequency division multiple access (OFDM/OFDMA) and multiple input multiple output (MIMO). The Company’s wireless background includes engineering and corporate development activities that focus on solutions that apply to other wireless market segments.

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