InterDigital Inc (IDCC): 11 Oversold Value Stocks To Buy Now Ram...

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Friday, 04/12/2024 11:26:58 AM

Friday, April 12, 2024 11:26:58 AM

11 Oversold Value Stocks To Buy Now
Ramish Cheema
Fri, April 12, 2024 at 10:01 AM CDT

https://finance.yahoo.com/news/11-oversold-value-stocks-buy-150135375.html

8. InterDigital, Inc. (NASDAQ:IDCC)
Number of Q4 2023 Hedge Fund Shareholders: 24

Latest RSI Score: 28.29

Trailing P/E Ratio: 12.60

InterDigital, Inc. (NASDAQ:IDCC) is a mid sized American technology company that develops communications and entertainment software. Its investors were in for some bad news in April 2024 when Bank of America cut the share price rating to Underperform from Buy and reduced the share price target to $100 from $140.

By the end of 2023's December quarter, 24 out of the 933 hedge funds part of Insider Monkey's database had held a stake in the firm. InterDigital, Inc. (NASDAQ:IDCC) largest hedge fund investor is Spencer M. Waxman's Shannon River Fund Management due to its $51.3 million investment.

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