Strid Group Lowers stake in InterDigital (IDCC)

InterDigital (IDCC) : Strid Group reduced its stake in InterDigital by 0.13% during the most recent quarter end. The investment management company now holds a total of 77,229 shares of InterDigital which is valued at $4,561,917 after selling 100 shares in InterDigital , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.InterDigital makes up approximately 1.90% of Strid Group’s portfolio.

Other Hedge Funds, Including , Parkwood reduced its stake in IDCC by selling 607 shares or 12.93% in the most recent quarter. The Hedge Fund company now holds 4,086 shares of IDCC which is valued at $234,332. InterDigital makes up approx 0.04% of Parkwood’s portfolio.Independent Portfolio Consultants reduced its stake in IDCC by selling 25 shares or 1.39% in the most recent quarter. The Hedge Fund company now holds 1,775 shares of IDCC which is valued at $101,512. InterDigital makes up approx 0.03% of Independent Portfolio Consultants’s portfolio. Cutler Group Lp sold out all of its stake in IDCC during the most recent quarter. The investment firm sold 2,500 shares of IDCC which is valued $141,650.

InterDigital closed down -0.33 points or -0.56% at $59.05 with 2,58,232 shares getting traded on Friday. Post opening the session at $59.5, the shares hit an intraday low of $58.71 and an intraday high of $59.5 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 Company’s wireless background includes engineering and corporate development activities that focus on solutions that apply to other wireless market segments.

Leave a Reply

InterDigital - Is it time to Sell?

Top Brokerage Firms are advising their investors on InterDigital. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.