CWA Asset Management Group LLC Takes $1.01 Million Position in InterDigital, Inc. (NASDAQ:IDCC)

CWA Asset Management Group LLC bought a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,113 shares of the Wireless communications provider's stock, valued at approximately $1,007,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of IDCC. Vanguard Group Inc. grew its holdings in InterDigital by 0.5% in the first quarter. Vanguard Group Inc. now owns 3,234,740 shares of the Wireless communications provider's stock valued at $344,370,000 after purchasing an additional 17,238 shares during the period. Disciplined Growth Investors Inc. MN boosted its position in shares of InterDigital by 1.0% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,092,927 shares of the Wireless communications provider's stock worth $127,392,000 after acquiring an additional 10,532 shares in the last quarter. Pacer Advisors Inc. boosted its position 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 valued at $86,635,000 after purchasing an additional 741,820 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in InterDigital by 28.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 214,783 shares of the Wireless communications provider's stock valued at $30,420,000 after acquiring an additional 48,137 shares during the last quarter. Finally, Reinhart Partners LLC. purchased a new position in shares of InterDigital during the 3rd quarter worth approximately $27,762,000. Hedge funds and other institutional investors own 99.83% of the company's stock.

Insiders Place Their Bets

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the firm's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $142.78, for a total value of $99,946.00. Following the completion of the transaction, the chief technology officer now owns 54,984 shares in the company, valued at $7,850,615.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CTO Rajesh Pankaj sold 700 shares of the business's stock in a transaction on Monday, October 7th. The stock was sold at an average price of $142.78, for a total value of $99,946.00. Following the completion of the transaction, the chief technology officer now owns 54,984 shares in the company, valued at $7,850,615.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John A. Kritzmacher sold 2,500 shares of the company's stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $138.72, for a total value of $346,800.00. Following the completion of the transaction, the director now directly owns 20,279 shares of the company's stock, valued at approximately $2,813,102.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,205 shares of company stock worth $716,218. Corporate insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

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

InterDigital Trading Up 1.2 %

InterDigital stock traded up $2.19 during midday trading on Monday, hitting $185.26. 181,256 shares of the stock were exchanged, compared to its average volume of 458,346. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $4.69 billion, a PE ratio of 19.56, a P/E/G ratio of 0.77 and a beta of 1.38. The company has a fifty day simple moving average of $146.74 and a two-hundred day simple moving average of $129.20. InterDigital, Inc. has a 52 week low of $88.08 and a 52 week high of $187.70.

InterDigital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This is a boost from InterDigital's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.97%. InterDigital's dividend payout ratio is presently 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.