InterDigital, Inc. (NASDAQ:IDCC) is Disciplined Growth Investors Inc. MN's 8th Largest Position

Disciplined Growth Investors Inc. MN raised its stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,132,818 shares of the Wireless communications provider's stock after purchasing an additional 39,891 shares during the quarter. InterDigital comprises about 3.0% of Disciplined Growth Investors Inc. MN's investment portfolio, making the stock its 8th biggest position. Disciplined Growth Investors Inc. MN owned 4.47% of InterDigital worth $160,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Pacer Advisors Inc. grew its position in InterDigital by 51,337.0% in the second quarter. Pacer Advisors Inc. now owns 743,265 shares of the Wireless communications provider's stock valued at $86,635,000 after acquiring an additional 741,820 shares in the last quarter. Robeco Institutional Asset Management B.V. increased 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 worth $30,420,000 after buying an additional 48,137 shares during the period. Reinhart Partners LLC. acquired a new position in InterDigital in the 3rd quarter worth $27,762,000. Emerald Advisers LLC boosted its position in 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 buying an additional 60,575 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of InterDigital by 6.0% during the third quarter. Wellington Management Group LLP now owns 155,700 shares of the Wireless communications provider's stock valued at $22,052,000 after acquiring an additional 8,824 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company's stock.

Wall Street Analyst Weigh In

IDCC has been the subject of a number of analyst reports. StockNews.com downgraded InterDigital from a "buy" rating to a "hold" rating in a report on Monday, November 4th. Roth Mkm raised their price target on shares of InterDigital from $146.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, September 11th.

InterDigital Stock Performance

IDCC stock traded up $1.57 during midday trading on Tuesday, reaching $194.60. The company had a trading volume of 246,825 shares, compared to its average volume of 448,326. 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 50 day moving average price of $169.74 and a 200 day moving average price of $141.82. The firm has a market capitalization of $4.93 billion, a PE ratio of 20.72, a P/E/G ratio of 0.82 and a beta of 1.44. InterDigital, Inc. has a fifty-two week low of $95.33 and a fifty-two week high of $203.90.

InterDigital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.92%. InterDigital's dividend payout ratio (DPR) is presently 19.23%.

Insider Buying and Selling

In other news, CTO Rajesh Pankaj sold 700 shares of the company's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $142.78, for a total value of $99,946.00. Following the completion of the sale, the chief technology officer now directly owns 54,984 shares of the company's stock, valued at approximately $7,850,615.52. This represents a 1.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joshua D. Schmidt sold 140 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $182.19, for a total value of $25,506.60. Following the completion of the sale, the insider now owns 24,138 shares of the company's stock, valued at $4,397,702.22. This trade represents a 0.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,340 shares of company stock valued at $472,253 in the last three months. 2.30% of the stock is currently owned by corporate insiders.

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.