December 1, 2016 - By Winifred Garcia · 0 Comments
Interdigital Inc (NASDAQ:IDCC) institutional sentiment increased to 1.3 in 2016 Q2. Its up 0.38, from 0.92 in 2016Q1. The ratio has improved, as 85 investment managers increased and opened new positions, while 92 sold and decreased their stakes in Interdigital Inc. The investment managers in our partner’s database now own: 23.06 million shares, down from 23.68 million shares in 2016Q1. Also, the number of investment managers holding Interdigital Inc in their top 10 positions decreased from 5 to 4 for a decrease of 1. Sold All: 19 Reduced: 73 Increased: 63 New Position: 22.
InterDigital, Inc. designs and develops technologies for wireless communications. The company has a market cap of $2.61 billion. The Firm has designed and developed a range of technologies that are used in digital cellular and wireless products and networks, including second generation , third generation (3G), fourth generation (4G) and IEEE 802 related products and networks. It has a 13.26 P/E ratio. The Company’s subsidiaries hold a portfolio of approximately 20,400 patents and patent applications related to a range of technologies, including the fundamental technologies that enable wireless communications.
About 204,048 shares traded hands. InterDigital, Inc. (NASDAQ:IDCC) has risen 38.68% since April 28, 2016 and is uptrending. It has outperformed by 32.75% the S&P500.
Analysts await InterDigital, Inc. (NASDAQ:IDCC) to report earnings on February, 16. They expect $0.84 earnings per share, down 8.70% or $0.08 from last year’s $0.92 per share. IDCC’s profit will be $28.27 million for 23.08 P/E if the $0.84 EPS becomes a reality. After $2.99 actual earnings per share reported by InterDigital, Inc. for the previous quarter, Wall Street now forecasts -71.91% negative EPS growth.
According to Zacks Investment Research, “INTERDIGITAL COMMUNICATIONS develops and markets advanced digital wireless telecommunications systems using proprietary technologies for voice and data communications and has developed an extensive patent portfolio related to those technologies.”
Fort L.P. holds 5.66% of its portfolio in InterDigital, Inc. for 248,977 shares. Permit Capital Llc owns 123,230 shares or 4.89% of their US portfolio. Moreover, Ulysses Management Llc has 3.01% invested in the company for 459,250 shares. The Connecticut-based Cardinal Capital Management Llc Ct has invested 2.41% in the stock. Shannon River Fund Management Llc, a New York-based fund reported 150,000 shares.#img1#
Ratings analysis reveals 25% of InterDigital’s analysts are positive. Out of 4 Wall Street analysts rating InterDigital, 1 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $55 while the high is $75. The stock’s average target of $70 is -9.74% below today’s ($77.55) share price. IDCC was included in 8 notes of analysts from August 11, 2015. The firm has “Buy” rating given on Tuesday, February 23 by B. Riley & Co. The company was maintained on Wednesday, November 11 by Barclays Capital. Barclays Capital maintained InterDigital, Inc. (NASDAQ:IDCC) on Friday, September 9 with “Equal Weight” rating. As per Wednesday, October 5, the company rating was downgraded by Dougherty & Company. The company was initiated on Tuesday, September 29 by Sidoti. The firm has “Buy” rating given on Tuesday, August 11 by Zacks. The stock has “Neutral” rating given by B. Riley & Co on Monday, September 26.
InterDigital, Inc., incorporated on March 23, 2007, creates and develops technologies for wireless communications. The Firm 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’s subsidiaries hold a portfolio of approximately 20,400 patents and patent applications related to a range of technologies, including the fundamental technologies that enable wireless communications. Products integrating its technologies include mobile devices, such as cellular phones, tablets, notebook computers and wireless personal digital assistants; wireless infrastructure equipment, such as base stations, and components, dongles and modules for wireless devices. The Firm is focused on approximately two technology areas: cellular wireless technology and Internet of Things (IoT) technology.
More news for InterDigital, Inc. (NASDAQ:IDCC) were recently published by: Fool.com, which released: “Is InterDigital Inc a Buy?” on September 28, 2016. Fool.com‘s article titled: “Why InterDigital, Inc. Fell 11% in October” and published on November 12, 2016 is yet another important article.
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By Winifred Garcia