J2 Capital Management Inc Makes New Investment in InterDigital, Inc. (NASDAQ:IDCC)

J2 Capital Management Inc bought a new position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,460 shares of the Wireless communications provider's stock, valued at approximately $477,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IDCC. DekaBank Deutsche Girozentrale boosted its stake in InterDigital by 71.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 4,258 shares of the Wireless communications provider's stock valued at $493,000 after buying an additional 1,779 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of InterDigital by 164.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 117,826 shares of the Wireless communications provider's stock valued at $13,734,000 after purchasing an additional 73,227 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of InterDigital by 2.0% during the 2nd quarter. Hsbc Holdings PLC now owns 8,461 shares of the Wireless communications provider's stock valued at $988,000 after purchasing an additional 168 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of InterDigital in the 2nd quarter worth approximately $457,000. Finally, Pacer Advisors Inc. raised its holdings in shares of InterDigital by 51,337.0% in the 2nd quarter. Pacer Advisors Inc. now owns 743,265 shares of the Wireless communications provider's stock worth $86,635,000 after purchasing an additional 741,820 shares in the last quarter. 99.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of InterDigital from a "buy" rating to a "hold" rating in a report on Monday, November 4th.

Insider Activity

In other news, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $204.13, for a total value of $142,891.00. Following the completion of the sale, the chief technology officer now directly owns 52,997 shares of the company's stock, valued at $10,818,277.61. This represents a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lawrence Liren Chen sold 5,891 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $195.34, for a total transaction of $1,150,747.94. Following the transaction, the chief executive officer now directly owns 164,543 shares in the company, valued at $32,141,829.62. The trade was a 3.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,622 shares of company stock worth $2,433,251 over the last quarter. Corporate insiders own 2.30% of the company's stock.

InterDigital Trading Up 0.0 %

Shares of NASDAQ:IDCC traded up $0.01 during midday trading on Friday, reaching $171.69. The company had a trading volume of 443,663 shares, compared to its average volume of 323,251. The company has a fifty day simple moving average of $190.45 and a two-hundred day simple moving average of $157.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 2.11 and a beta of 1.44. InterDigital, Inc. has a 1-year low of $95.33 and a 1-year high of $207.08.

InterDigital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.05%. The ex-dividend date is Wednesday, January 8th. InterDigital's dividend payout ratio (DPR) is currently 19.23%.

InterDigital Profile

InterDigital, Inc operates as a global research and development company with focus primarily on wireless, visual, artificial intelligence (AI), and related technologies. The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing such products and services, including makers of wireless communications, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming.