FPA Queens Road Small Cap Value Fund has begun trimming Interdigital (IDCC)

Investment Management Company First Pacific Advisor Recently, we released our first quarter 2025 investor letter “FPA Queens Road Small Cap Value Fund.” A copy of a letter can do so I downloaded it from here. In the first quarter, the fund returned -2.51% compared to a -7.74% return on the Russell 2000 Value Index. President Trump announced tariffs on April 2, causing a sharp drop in the stock market and increased volatility. Plus, you can check out our top 5 holdings for funds to determine the best picks of 2025.

FPA Queens Road Small Cap Balue Fund Fund Interdigital, Inc. in its first quarter 2025 investor letter. (NASDAQ:IDCC). Interdigital, Inc. (NASDAQ: IDCC) is a global research and development company focusing on wireless, visual, artificial intelligence (AI), and related technologies. Interdigital, Inc. (NASDAQ: IDCC)’s one-month return was 11.91%, and its shares have won 95.19% of its value over the past 52 weeks. May 21, 2025, Interdigital, Inc. (NASDAQ: IDCC) shares closed at $214.48 per share with a market capitalization of $5.563 billion.

FPA Queens Road Small Cap Value Fund is an investor letter for the first quarter of 2025. Regarding (NASDAQ: IDCC), the following has been stated:

“Interdigital, Inc. (NASDAQ: IDCC) is a research and development organization that develops and acquires wireless communications and video patents. The company has a strong financial performance history, opportunistically buying stocks and paying modest dividends. IDCC has successfully renewed its wireless licensing agreement (Apple in 2022 and Samsung in 2023) and has seen a rise in recurring license revenue across its appliances, Internet of Things (IoT) and automotive customers. CEO Liren Chen joined from Qualcom in 2021 and hires other former Qualcom managers. The company’s stock price grew stronger in 2024 with increased revenue, profitability and buybacks. This year I’ve started trimming IDCC positions. ”

Engineers who install advanced cellular equipment in 5G cell towers.

Interdigital, Inc. (NASDAQ: IDCC) is not on our list 30 Most Popular Stocks of Hedge Funds. According to the database, the 34 hedge fund portfolio was Interdigital, Inc. at the end of the fourth quarter of the previous quarter. (NASDAQ: IDCC) was held. Interdigital, Inc. Although we acknowledge the potential as an investment (NASDAQ: IDCC), our conviction lies in the belief that AI stocks provide higher returns and hold a greater promise to do so within a shorter time frame. If you’re looking for AI stocks that are as promising as Nvidia, but traded at less than five times the revenues, Undervalued AI Stocks for Large Profits.