Investment management company First Pacific Advisors recently released its “FPA Queens Road Small Cap Value Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. In the quarter, the fund returned -5.72% compared to a -4.61 % return for the Russell 2000 Value Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
In the third-quarter letter, FPA discussed stocks like InterDigital, Inc. (NASDAQ:IDCC). Headquartered in Wilmington, Delaware, InterDigital, Inc. (NASDAQ:IDCC) is a technology company that assists in wireless communications. On October 28, 2022, InterDigital, Inc. (NASDAQ:IDCC) stock closed at $50.13 per share. One-month return of InterDigital, Inc. (NASDAQ:IDCC) was 4.85% and its shares lost 27.09% of their value over the last 52 weeks. InterDigital, Inc. (NASDAQ:IDCC) has a market capitalization of $1.487 billion.
FPA made the following comment about InterDigital, Inc. (NASDAQ:IDCC) in its Q3 2022 investor letter:
“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 are down with the declining expectations for smartphone volumes and chip demand more generally.”
Kappri/Shutterstock.com
InterDigital, Inc. (NASDAQ:IDCC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 12 hedge fund portfolios held InterDigital, Inc. (NASDAQ:IDCC) at the end of the second quarter, which was 15 in the previous quarter.
We discussed InterDigital, Inc. (NASDAQ:IDCC) in another article and shared stocks that rebounded in the first week of October. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.
Suggested Articles:
Best Stocks For Beginners with Little Money
10 Best Crude Oil Stocks To Invest In
10 Best Fuel Stocks To Buy
Disclosure: None. This article is originally published at Insider Monkey.
Related Quotes
Baron Funds, an investment management company, released its “Baron Discovery Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. Compared to the Russell 2000 Growth Index benchmark, which was slightly positive, the fund (institutional shares) was flat in the third quarter. In addition, please check the fund’s top five holdings […]
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Generac (GNRC) third-quarter 2022 revenues benefit from robust demand for Commercial & Industrial products.
Shares of Devon Energy (NYSE: DVN) fell more than 12% on Wednesday after the exploration and production leader increased its capital expenditures forecast. Devon produced an average of 614,000 barrels of oil equivalent (BOE) per day in the third quarter. The energy company's low production costs, which averaged $12.99 per BOE during the quarter, allow it to earn massive profits when oil and gas prices are high.
(Bloomberg) — Wall Street had already come to terms with prospects that the Fed would again raise interest rates by 75 basis points. But Wednesday afternoon was full of drama as traders first took hope from the central bank’s statement but then slumped following stern comments by Chair Jerome Powell. Most Read from BloombergPowell Sees Higher Peak for Rates, Path to Slow Tempo of HikesRussia Resumes Ukraine Grain-Export Deal in Abrupt ReversalLottery Winner Keeps $30 Million Jackpot Secret From
Shares of Twilio (NYSE: TWLO), a cloud-based communications software company, sank today after an analyst downgraded the company's stock and cut his price target for Twilio's shares by more than half. Twilio will report its third-quarter results after the bell tomorrow, but investors weren't waiting around for it. Bank of America analyst Michael Funk, who was previously bullish on Twilio, downgraded the company's stock rating to underperform and cut the price target for the stock to $85, a 51% decrease from the previous price target of $175.
Yahoo Finance's Jared Blikre breaks down how stocks are trading into the close as the Nasdaq and other major indices extend losses.
(Reuters) -Shares of U.S. shale oil producer Devon Energy slumped almost 13% on Wednesday on an outlook for higher than expected capital spending and lower than forecast fourth-quarter output. Devon forecast fourth-quarter production of between 640,000 and 660,000 barrels of oil equivalent per day (boepd), 2% under the midpoint of investment firm Cowen's estimate. It also projected new project spending of between $845 million and $915 million, 16% above its prior estimate, analysts for the firm wrote in a note.
Today could be the turning point.
Wednesday is set to be a big day for market watchers, with the Fed expected to announce another interest rate hike, a move that will no doubt impact the stock market’s behavior. Rate hikes have been de rigueur in 2022 and this will be the fourth instance of such an act. The effort to curb soaring inflation has rocked the markets but heading into the Fed’s decision, Jim Cramer, the well-known host of CNBC’s ‘Mad Money’ program, thinks there could be more turbulence ahead. Or as Cramer puts it, “W
Millennials have given up on stocks. Act accordingly.
U.S. stocks slid in volatile trading Wednesday afternoon following a move by the Federal Reserve to raise its benchmark policy rate by 75 basis points for a fourth straight time — on par with market expectations — and remarks by Chair Jerome Powell indicating the U.S. central bank was unlikely to shift on policy any time soon.
In this article, we discuss the top 10 picks of the Harvard University stock portfolio. If you want to see more stocks in this selection, check out Harvard University Stock Portfolio: Top 5 Picks. Harvard Management Company was established in 1974 and manages Harvard University’s endowment and financial assets. Over the years, the market-beating performance […]
Yahoo Finance Live anchors discuss Tupperware stock falling by 43% following a disappointing earnings report.
The entrepreneur’s legal problems continue and yet again his Twitter deal could come back to haunt him.
Susquehanna International Group Senior Equity Analyst Christopher Rolland joins Yahoo Finance Live to discuss Qualcomm earnings and guidance.
Cassava Sciences (SAVA) is expected to provide an update on its pipeline candidates during its third-quarter earnings.
Devon Energy's (DVN) third-quarter earnings and revenues were better than expected and its performance will be further driven by an accretive acquisition of Eagle Ford.
With the Federal Reserve holding its November FOMC meeting now, there’s plenty of speculation on the central bank’s next move. The conventional wisdom says the Fed will hike rates again, by another 75 basis points – the fourth such hike in a row this year. But after that, no one knows. Inflation remains above 8%, so the Fed’s tighter monetary policies have clearly not reined in high prices – yet. According to Fundstrat, however, the Fed has moved far enough in that direction, and we’ll start to
The share prices of Datadog (NASDAQ: DDOG), MongoDB (NASDAQ: MDB), and HubSpot (NYSE: HUBS) were tumbling this morning, likely as investors processed the news of better-than-expected jobs data and anticipated another aggressive interest rate hike from the Federal Reserve. A strong job market could be worrying tech investors because it could encourage the Fed to continue making large interest rate hikes.