Aubrey Capital Management Ltd Buys 9,000 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Aubrey Capital Management Ltd grew its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 45.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,000 shares of the Wireless communications provider's stock after purchasing an additional 9,000 shares during the quarter. InterDigital comprises about 1.6% of Aubrey Capital Management Ltd's investment portfolio, making the stock its 20th biggest position. Aubrey Capital Management Ltd owned approximately 0.12% of InterDigital worth $4,108,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Edgestream Partners L.P. lifted its holdings in shares of InterDigital by 118.5% during the first quarter. Edgestream Partners L.P. now owns 13,361 shares of the Wireless communications provider's stock worth $1,422,000 after buying an additional 7,245 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of InterDigital by 294,025.0% during the first quarter. Russell Investments Group Ltd. now owns 11,765 shares of the Wireless communications provider's stock valued at $1,253,000 after purchasing an additional 11,761 shares during the period. Hancock Whitney Corp raised its stake in shares of InterDigital by 60.0% in the first quarter. Hancock Whitney Corp now owns 14,061 shares of the Wireless communications provider's stock valued at $1,497,000 after purchasing an additional 5,273 shares in the last quarter. Caxton Associates LP bought a new position in InterDigital in the first quarter worth $768,000. Finally, Ritholtz Wealth Management boosted its stake in InterDigital by 16.1% during the third quarter. Ritholtz Wealth Management now owns 24,322 shares of the Wireless communications provider's stock worth $3,445,000 after buying an additional 3,381 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director John A. Kritzmacher sold 2,500 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $138.72, for a total value of $346,800.00. Following the sale, the director now directly owns 20,279 shares in the company, valued at $2,813,102.88. This trade represents a 10.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Derek K. Aberle sold 2,005 shares of the business's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $134.40, for a total transaction of $269,472.00. Following the transaction, the director now owns 7,639 shares of the company's stock, valued at approximately $1,026,681.60. This represents a 20.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,205 shares of company stock valued at $716,218. 2.30% of the stock is currently owned by corporate insiders.

InterDigital Price Performance

NASDAQ IDCC traded down $3.36 on Thursday, hitting $181.06. 371,181 shares of the company were exchanged, compared to its average volume of 458,893. InterDigital, Inc. has a 1-year low of $93.33 and a 1-year high of $191.57. The firm has a 50 day moving average of $149.80 and a two-hundred day moving average of $130.82. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.03. The company has a market cap of $4.59 billion, a P/E ratio of 19.70, a P/E/G ratio of 0.80 and a beta of 1.38.

InterDigital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th were paid a dividend of $0.45 per share. This is a boost from InterDigital's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Wednesday, October 9th. InterDigital's dividend payout ratio is 19.23%.

Analyst Ratings Changes

Several brokerages have recently commented on IDCC. Roth Mkm boosted their target price on shares of InterDigital from $146.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, September 11th. StockNews.com lowered shares of InterDigital from a "buy" rating to a "hold" rating in a report on Monday, November 4th.

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.