Steve Scruggs Comments on InterDigital

Guru stock highlight

Nov 02, 2022

Summary

A top detractor.

InterDigital (IDCC, Financial) is a research and development organization that develops and acquires wireless andvideo patents across key technologies. The company has a history of strong financial performance, opportunistically buys back shares and pays a modest dividend. Shares are down with the declining expectations for smartphone volumes and chip demand more generally.

From Steven Scruggs (Trades, Portfolio)' FPA Queens Road Small Cap Value Fund third-quarter 2022 letter.

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