InterDigital Inc (IDCC)

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Jim Cramer Stock Portfolio: 12 Recent Additions

InterDigital, Inc. (NASDAQ:IDCC)
Number of Hedge Fund Holders: 19

InterDigital, Inc. (NASDAQ:IDCC) operates as a global research and development company with focus primarily on wireless, visual, and related technologies. Jim Cramer has been bullish on InterDigital, Inc. (NASDAQ:IDCC), recently saying, “I’ve know these guys for a long time. They are a premier digital wireless company, and I think it’s still inexpensive. I can’t believe that it’s still at these low prices”.

At the end of the third quarter of 2023, 19 hedge funds in the database of Insider Monkey held stakes worth $188 million in InterDigital, Inc. (NASDAQ:IDCC), compared to 24 in the preceding quarter worth $224 million.

In its Q3 2023 investor letter, First Pacific Advisors, an asset management firm, highlighted a few stocks and InterDigital, Inc. (NASDAQ:IDCC) was one of them. Here is what the fund said:

“InterDigital, Inc. (NASDAQ:IDCC) is a research and development organization that develops and acquires wireless and video patents across key technologies. The company has a history of strong financial performance, opportunistically buys back shares, and pays a modest dividend. Shares jumped earlier this year when InterDigital announced licensing renewals with Samsung, LG, and Panasonic and then reported strong fourth quarter 2022 results.