Boston Trust Walden Corp Reduces Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Boston Trust Walden Corp reduced its stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 44.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 277,571 shares of the Wireless communications provider's stock after selling 222,147 shares during the quarter. Boston Trust Walden Corp owned about 1.10% of InterDigital worth $53,771,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of IDCC. Reinhart Partners LLC. purchased a new position in shares of InterDigital in the third quarter worth $27,762,000. International Assets Investment Management LLC increased its position in shares of InterDigital by 283,160.0% in the 3rd quarter. International Assets Investment Management LLC now owns 113,304 shares of the Wireless communications provider's stock valued at $16,047,000 after acquiring an additional 113,264 shares during the period. Emerald Advisers LLC increased its position in shares of InterDigital by 50.3% in the 3rd quarter. Emerald Advisers LLC now owns 180,987 shares of the Wireless communications provider's stock valued at $25,633,000 after acquiring an additional 60,575 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in InterDigital by 28.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 214,783 shares of the Wireless communications provider's stock worth $30,420,000 after acquiring an additional 48,137 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN lifted its position in InterDigital by 3.6% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,132,818 shares of the Wireless communications provider's stock worth $160,441,000 after acquiring an additional 39,891 shares during the period. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Joshua D. Schmidt sold 140 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $182.19, for a total transaction of $25,506.60. Following the sale, the insider now directly owns 24,138 shares of the company's stock, valued at $4,397,702.22. This represents a 0.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Rajesh Pankaj sold 700 shares of the firm's 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 in the company, valued at approximately $10,818,277.61. The trade was a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,622 shares of company stock valued at $2,433,251 over the last ninety days. Company insiders own 2.30% of the company's stock.

Analysts Set New Price Targets

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

InterDigital Trading Down 1.0 %

Shares of InterDigital stock opened at $182.98 on Monday. InterDigital, Inc. has a 1 year low of $95.33 and a 1 year high of $207.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market cap of $4.64 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 2.08 and a beta of 1.44. The firm has a fifty day moving average price of $189.00 and a 200 day moving average price of $160.95.

InterDigital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th were paid a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, January 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.98%. InterDigital's payout ratio is 19.23%.

InterDigital Company 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.

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