Penserra Capital Management LLC boosted its position in InterDigital Wireless Inc (NASDAQ:IDCC) by 25.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 8,321 shares of the Wireless communications provider’s stock after acquiring an additional 1,666 shares during the period. Penserra Capital Management LLC’s holdings in InterDigital Wireless were worth $436,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. Westside Investment Management Inc. purchased a new position in shares of InterDigital Wireless in the second quarter valued at about $369,000. Los Angeles Capital Management & Equity Research Inc. raised its position in InterDigital Wireless by 12.7% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 17,746 shares of the Wireless communications provider’s stock valued at $1,143,000 after purchasing an additional 2,000 shares during the last quarter. Wealthcare Capital Management LLC lifted its holdings in InterDigital Wireless by 190.5% in the 2nd quarter. Wealthcare Capital Management LLC now owns 1,525 shares of the Wireless communications provider’s stock worth $98,000 after buying an additional 1,000 shares during the period. Stevens Capital Management LP purchased a new position in shares of InterDigital Wireless during the second quarter valued at approximately $1,893,000. Finally, General American Investors Co. Inc. raised its holdings in shares of InterDigital Wireless by 24.4% during the second quarter. General American Investors Co. Inc. now owns 179,137 shares of the Wireless communications provider’s stock valued at $11,536,000 after acquiring an additional 35,171 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.
Shares of NASDAQ IDCC traded down $0.07 during trading on Friday, reaching $55.57. The company had a trading volume of 275,879 shares, compared to its average volume of 342,476. The stock has a market cap of $1.73 billion, a PE ratio of 30.70, a P/E/G ratio of 8.81 and a beta of 1.02. The business’s 50-day moving average is $56.74 and its 200 day moving average is $57.97. InterDigital Wireless Inc has a 12-month low of $47.02 and a 12-month high of $74.56. The company has a quick ratio of 3.06, a current ratio of 3.06 and a debt-to-equity ratio of 0.43.
InterDigital Wireless (NASDAQ:IDCC) last issued its quarterly earnings data on Thursday, October 31st. The Wireless communications provider reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.27. InterDigital Wireless had a return on equity of 1.07% and a net margin of 3.08%. The company had revenue of $72.52 million during the quarter, compared to analyst estimates of $72.82 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. InterDigital Wireless’s revenue was down 3.4% compared to the same quarter last year. On average, analysts anticipate that InterDigital Wireless Inc will post 0.43 earnings per share for the current year.
IDCC has been the subject of several research reports. BidaskClub lowered shares of InterDigital Wireless from a “sell” rating to a “strong sell” rating in a report on Thursday. ValuEngine cut InterDigital Wireless from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. InterDigital Wireless presently has an average rating of “Hold” and a consensus price target of $80.00.
InterDigital Wireless Profile
InterDigital, Inc designs and develops technologies that enable and enhance wireless communications in the United States and internationally. It provides technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G and IEEE 802-related products and networks.
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