InterDigital (IDCC) : Denver Investment Advisors scooped up 4,147 additional shares in InterDigital during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 466,449 shares of InterDigital which is valued at $25.5 Million.InterDigital makes up approximately 1.14% of Denver Investment Advisors’s portfolio.
Other Hedge Funds, Including , Credit Agricole S A sold out all of its stake in IDCC during the most recent quarter. The investment firm sold 4,238 shares of IDCC which is valued $231,861. Alps Advisors Inc added IDCC to its portfolio by purchasing 8,170 company shares during the most recent quarter which is valued at $446,981.Blackrock Fund Advisors reduced its stake in IDCC by selling 86,943 shares or 4.68% in the most recent quarter. The Hedge Fund company now holds 1,772,354 shares of IDCC which is valued at $97 Million. InterDigital makes up approx 0.02% of Blackrock Fund Advisors’s portfolio.Johnson Financial Group reduced its stake in IDCC by selling 125 shares or 25.0% in the most recent quarter. The Hedge Fund company now holds 375 shares of IDCC which is valued at $20,516. Parkwood added IDCC to its portfolio by purchasing 4,693 company shares during the most recent quarter which is valued at $258,866. InterDigital makes up approx 0.04% of Parkwood’s portfolio.
InterDigital opened for trading at $54.85 and hit $55.77 on the upside on Friday, eventually ending the session at $55.58, with a gain of 1.70% or 0.93 points. The heightened volatility saw the trading volume jump to 5,14,195 shares. Company has a market cap of $1,921,567 M.
On the company’s financial health, InterDigital reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.74. The company had revenue of $107.80 million for the quarter, compared to analysts expectations of $101.40 million. The company’s revenue was down -2.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.89 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 Companys wireless background includes engineering and corporate development activities that focus on solutions that apply to other wireless market segments.