Principal Financial Group Inc. Acquires 6,494 Shares of InterDigital, Inc. $IDCC
Principal Financial Group Inc. increased its stake in InterDigital, Inc. by 4.6% in the fourth quarter, purchasing an additional 6,494 shares to own a total of 146,320 shares valued at $46.585 million. Other institutional investors also adjusted their positions in InterDigital, while company insiders sold shares totaling over $2.4 million. Analysts currently rate InterDigital with a "Moderate Buy" consensus and a target price of $416.67, with the company recently reporting strong Q1 earnings and raising its guidance.