InterDigital Inc (IDCC)

[FISH21049]

FPA Capital Fund’s Top 5 Holdings as of June

Top holding is Denver-based energy company

July 15, 2019 | About: XEC +0% IDCC +0% ALGT +0% ISBC +0% WDC +0% MGLN +0%
According to current portfolio statistics, the FPA Capital Fund (Trades, Portfolio)’s top five holdings as of the June quarter are Cimarex Energy Co. (NYSE:XEC), InterDigital Inc. (NASDAQ:IDCC), Allegiant Travel Co. (NASDAQ:ALGT), Investors Bancorp Inc. (NASDAQ:ISBC) and Western Digital Corp. (NASDAQ:WDC).

InterDigital

The fund owns 189,036 shares of InterDigital, giving the holding 7.20% equity portfolio weight. Shares averaged $66.69 during the second quarter.

The Wilmington, Delaware-based company designs and develops technologies that enable and enhance wireless communications and capabilities. GuruFocus ranks InterDigital’s financial strength 6.2 out of 10: Even though the company’s interest coverage of 0.89 underperforms 91.92% of global competitors, it has a solid Altman Z-score of 3.85 and cash-debt ratio of 2.47, a ratio that outperforms 72.81% of global communication service competitors.