Grace & White Lifted Magal Security Sys LTD Ord (MAGS) Stake By $1.89 Million; Interdigital Has 0.95 Sentiment

June 19, 2017 - By Louis Casey

Grace & White Inc increased Magal Security Sys Ltd Ord (MAGS) stake by 31.81% reported in 2016Q4 SEC filing. Grace & White Inc acquired 378,547 shares as Magal Security Sys Ltd Ord (MAGS)’s stock declined 14.39%. The Grace & White Inc holds 1.57 million shares with $7.95M value, up from 1.19M last quarter. Magal Security Sys Ltd Ord now has $119.24M valuation. The stock declined 2.75% or $0.14 reaching $4.95 on the news. About 9,619 shares traded. Magal Security Systems Ltd. (USA) (NASDAQ:MAGS) has risen 33.26% since June 19, 2016 and is uptrending. It has outperformed by 16.56% the S&P500.

InterDigital, Inc. designs and develops technologies for wireless communications. The company has market cap of $2.78 billion. The Firm is focused on three technology areas: cellular wireless technology, Internet of things technology, and, through its Hillcrest Laboratories, Inc. (Hillcrest Labs) subsidiary, sensor and sensor fusion technology. It has a 9.03 P/E ratio. It offers a range of technologies that are used in digital cellular and wireless products and networks, including second generation (2G), third generation (3G), fourth generation (4G) and IEEE 802-related products and networks.

Grace & White Inc decreased Roche Hldg Ltd Div Rights Cert (RHHVF) stake by 14,300 shares to 5,700 valued at $1.30 million in 2016Q4. It also reduced Callaway Golf Co Com (NYSE:ELY) stake by 70,046 shares and now owns 735,072 shares. Helmerich & Payne Inc (NYSE:HP) was reduced too.

Ratings analysis reveals 0 of Interdigital Comm’s analysts are positive. Out of 3 Wall Street analysts rating Interdigital Comm, 0 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. IDCC was included in 3 notes of analysts from September 9, 2016. The stock has “Neutral” rating by Dougherty & Company on Wednesday, October 5. Barclays Capital maintained the stock with “Equal Weight” rating in Friday, September 9 report. The firm has “Neutral” rating by Sidoti given on Wednesday, December 7.

Analysts await InterDigital, Inc. (NASDAQ:IDCC) to report earnings on August, 1. They expect $0.63 earnings per share, up 31.25% or $0.15 from last year’s $0.48 per share. IDCC’s profit will be $21.76M for 31.94 P/E if the $0.63 EPS becomes a reality. After $0.93 actual earnings per share reported by InterDigital, Inc. for the previous quarter, Wall Street now forecasts -32.26% negative EPS growth.

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