Interdigital (IDCC) Position Has Boosted by Axa; Sigma Investment Counselors Has Decreased Its Gentex (GNTX) Position by $394,630 as Stock Value Declined

January 14, 2018 - By Hazel Jackson

Sigma Investment Counselors Inc decreased its stake in Gentex Corp (GNTX) by 18.48% based on its latest 2017Q3 regulatory filing with the SEC. Sigma Investment Counselors Inc sold 20,770 shares as the company’s stock declined 8.68% while stock markets rallied. The institutional investor held 91,630 shares of the o.e.m. company at the end of 2017Q3, valued at $1.81M, down from 112,400 at the end of the previous reported quarter. Sigma Investment Counselors Inc who had been investing in Gentex Corp for a number of months, seems to be less bullish one the $6.53B market cap company. The stock increased 1.50% or $0.34 during the last trading session, reaching $23. About 2.48 million shares traded or 30.56% up from the average. Gentex Corporation (NASDAQ:GNTX) has risen 19.63% since January 14, 2017 and is uptrending. It has outperformed by 2.93% the S&P500.

Axa increased its stake in Interdigital Inc (IDCC) by 531.71% based on its latest 2017Q3 regulatory filing with the SEC. Axa bought 21,800 shares as the company’s stock declined 17.57% while stock markets rallied. The institutional investor held 25,900 shares of the miscellaneous company at the end of 2017Q3, valued at $1.91M, up from 4,100 at the end of the previous reported quarter. Axa who had been investing in Interdigital Inc for a number of months, seems to be bullish on the $2.80B market cap company. The stock decreased 0.25% or $0.2 during the last trading session, reaching $80.7. About 206,569 shares traded. InterDigital, Inc. (NASDAQ:IDCC) has risen 50.23% since January 14, 2017 and is uptrending. It has outperformed by 33.53% the S&P500.

Investors sentiment increased to 1.24 in Q3 2017. Its up 0.32, from 0.92 in 2017Q2. It is positive, as 35 investors sold GNTX shares while 109 reduced holdings. 41 funds opened positions while 137 raised stakes. 224.48 million shares or 0.88% less from 226.47 million shares in 2017Q2 were reported. Zurcher Kantonalbank (Zurich Cantonalbank) owns 22,681 shares. Moreover, Rhumbline Advisers has 0.03% invested in Gentex Corporation (NASDAQ:GNTX). Brinker Capital Inc reported 21,689 shares. Foyston Gordon And Payne reported 605,501 shares or 2.08% of all its holdings. 14,300 were accumulated by Lsv Asset. Art Advisors Limited Co has 0.11% invested in Gentex Corporation (NASDAQ:GNTX). Morgan Stanley accumulated 1.08 million shares or 0.01% of the stock. Plante Moran Financial Advsrs Limited Co accumulated 0.11% or 9,620 shares. Farr Miller & Washington Dc has invested 0.04% in Gentex Corporation (NASDAQ:GNTX). Oppenheimer invested in 0.01% or 12,451 shares. Ww Asset Mngmt Inc, Michigan-based fund reported 20,076 shares. Palouse has invested 0.1% of its portfolio in Gentex Corporation (NASDAQ:GNTX). Bowling Mgmt Ltd reported 0.25% stake. Azimuth Capital Management Limited Company invested in 0.17% or 117,900 shares. Cibc Asset Management reported 13,173 shares.

Analysts await Gentex Corporation (NASDAQ:GNTX) to report earnings on January, 26. They expect $0.32 EPS, up 3.23% or $0.01 from last year’s $0.31 per share. GNTX’s profit will be $90.85M for 17.97 P/E if the $0.32 EPS becomes a reality. After $0.31 actual EPS reported by Gentex Corporation for the previous quarter, Wall Street now forecasts 3.23% EPS growth.

Sigma Investment Counselors Inc, which manages about $718.41M and $703.37M US Long portfolio, upped its stake in Spdr Ser Tr (SJNK) by 22,459 shares to 737,175 shares, valued at $20.62 million in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (TIP) by 5,270 shares in the quarter, for a total of 195,355 shares, and has risen its stake in Ishares Tr (IVV).

Among 7 analysts covering Gentex Corp (NASDAQ:GNTX), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Gentex Corp had 17 analyst reports since October 20, 2015 according to SRatingsIntel. The company was maintained on Friday, October 20 by Robert W. Baird. The stock has “Neutral” rating by Robert W. Baird on Wednesday, January 27. The firm has “Outperform” rating by Robert W. Baird given on Thursday, August 24. The stock of Gentex Corporation (NASDAQ:GNTX) earned “Outperform” rating by FBR Capital on Friday, October 21. The firm earned “Outperform” rating on Monday, October 23 by Robert W. Baird. The stock of Gentex Corporation (NASDAQ:GNTX) earned “Buy” rating by FBR Capital on Thursday, January 11. The rating was initiated by Susquehanna on Monday, December 19 with “Neutral”. On Monday, July 24 the stock rating was downgraded by Craig Hallum to “Hold”. The firm has “Buy” rating given on Wednesday, August 23 by KeyBanc Capital Markets. On Monday, November 13 the stock rating was maintained by KeyBanc Capital Markets with “Buy”.

Since August 7, 2017, it had 0 buys, and 3 insider sales for $4.39 million activity. Another trade for 239,400 shares valued at $4.15M was made by BAUER FRED on Monday, August 7. Nash Kevin C also sold $85,094 worth of Gentex Corporation (NASDAQ:GNTX) shares.

Axa, which manages about $23.21B US Long portfolio, decreased its stake in United Therapeutics Corp Del (NASDAQ:UTHR) by 28,800 shares to 66,629 shares, valued at $7.81M in 2017Q3, according to the filing. It also reduced its holding in Darden Restaurants Inc (NYSE:DRI) by 50,785 shares in the quarter, leaving it with 603,915 shares, and cut its stake in Amdocs Ltd (NASDAQ:DOX).

Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.53, from 1.59 in 2017Q2. It dropped, as 31 investors sold IDCC shares while 78 reduced holdings. 35 funds opened positions while 80 raised stakes. 24.87 million shares or 0.47% more from 24.75 million shares in 2017Q2 were reported. Tower Rech Capital Ltd Llc (Trc) owns 4,589 shares. Freestone Limited Liability owns 252,141 shares or 1.32% of their US portfolio. Gsa Prns Llp has 0.06% invested in InterDigital, Inc. (NASDAQ:IDCC) for 12,276 shares. Point72 Asia (Hong Kong) owns 0% invested in InterDigital, Inc. (NASDAQ:IDCC) for 25 shares. Jpmorgan Chase has 426,142 shares for 0.01% of their portfolio. Moreover, Schroder has 0% invested in InterDigital, Inc. (NASDAQ:IDCC) for 7,892 shares. Swiss Comml Bank stated it has 0% of its portfolio in InterDigital, Inc. (NASDAQ:IDCC). Hl Svcs Limited Liability Company owns 3,949 shares. Cornerstone Management Hldgs Lc holds 30,300 shares. Bb&T Corporation has 0.03% invested in InterDigital, Inc. (NASDAQ:IDCC) for 19,366 shares. Fincl Bank Of Montreal Can reported 0% stake. California-based Parallax Volatility Advisers Limited Partnership has invested 0% in InterDigital, Inc. (NASDAQ:IDCC). Sns Gru Llc invested 0.08% in InterDigital, Inc. (NASDAQ:IDCC). Envestnet Asset Mgmt reported 4,207 shares. Northern Trust Corporation owns 634,189 shares for 0.01% of their portfolio.

Among 5 analysts covering InterDigital (NASDAQ:IDCC), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. InterDigital had 19 analyst reports since August 11, 2015 according to SRatingsIntel. The stock has “Buy” rating by Sidoti on Tuesday, August 8. The firm has “Equal Weight” rating by Barclays Capital given on Wednesday, November 11. B. Riley & Co maintained the stock with “Buy” rating in Friday, October 27 report. B. Riley & Co maintained the stock with “Buy” rating in Wednesday, July 19 report. FBR Capital maintained the stock with “Buy” rating in Wednesday, January 10 report. Sidoti initiated it with “Buy” rating and $65 target in Tuesday, September 29 report. On Thursday, June 8 the stock rating was maintained by B. Riley & Co with “Buy”. The stock of InterDigital, Inc. (NASDAQ:IDCC) earned “Buy” rating by B. Riley & Co on Tuesday, February 23. The stock has “Neutral” rating by Dougherty & Company on Wednesday, October 5. B. Riley & Co maintained it with “Buy” rating and $100.0 target in Wednesday, August 23 report.

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