BlackRock Amends InterDigital Stake, Signals Position Update
Ticker: IDCC · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 1405495
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its InterDigital stake, showing its latest position as of year-end 2023.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating its ownership of InterDigital, Inc. common stock as of December 31, 2023. This amendment, number 15, updates their previous disclosures regarding their stake in the patent owner and lessor company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in InterDigital's future performance.
Why It Matters
This filing shows BlackRock's updated ownership in InterDigital, Inc., providing transparency on a significant institutional investor's position, which can influence market perception and stock stability.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and does not inherently signal high risk, but rather transparency.
Analyst Insight
An investor should note that BlackRock, a major institutional player, continues to hold a position in InterDigital, Inc. This filing itself doesn't indicate a significant change in strategy, but rather an update to their existing stake. Further analysis of the specific share count (not provided in this excerpt) would be needed to determine if their ownership percentage has materially increased or decreased, which could then inform investment decisions.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- InterDigital, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A amendment
- 45867G101 (other) — the CUSIP number for InterDigital, Inc. common stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 15)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as indicated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' and '(1)Names of reporting persons. BlackRock, Inc.'
What is the subject company whose securities are being reported?
The subject company is InterDigital, Inc., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: InterDigital, Inc.' and 'InterDigital, Inc. (Name of Issuer)'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of InterDigital, Inc. is 45867G101, as listed under '(CUSIP Number) 45867G101'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding InterDigital, Inc. (IDCC).