Denver Investment Advisors buys $32,504,086 stake in InterDigital (IDCC)

InterDigital (IDCC) : Denver Investment Advisors scooped up 11,904 additional shares in InterDigital during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 478,353 shares of InterDigital which is valued at $32,504,086.InterDigital makes up approximately 1.39% of Denver Investment Advisors’s portfolio.

Other Hedge Funds, Including , First Pacific Advisors reduced its stake in IDCC by selling 53,990 shares or 3.62% in the most recent quarter. The Hedge Fund company now holds 1,438,101 shares of IDCC which is valued at $97,718,963. InterDigital makes up approx 0.77% of First Pacific Advisors’s portfolio.Los Angeles Capital Management Equity Research Inc reduced its stake in IDCC by selling 21,305 shares or 45.97% in the most recent quarter. The Hedge Fund company now holds 25,044 shares of IDCC which is valued at $1,701,740. InterDigital makes up approx 0.01% of Los Angeles Capital Management Equity Research Inc’s portfolio. Quadrant Capital Group added IDCC to its portfolio by purchasing 20 company shares during the most recent quarter which is valued at $1,181.

InterDigital opened for trading at $68.31 and hit $68.96 on the upside on Wednesday, eventually ending the session at $68.79, with a gain of 1.00% or 0.68 points. The heightened volatility saw the trading volume jump to 2,72,726 shares. Company has a market cap of $2,356 M.

On the company’s financial health, InterDigital reported $1.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.76 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.38. The company had revenue of $75.92 million for the quarter, compared to analysts expectations of $76.54 million. The company’s revenue was down -36.0 % 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.