Farther Finance Advisors LLC Boosts Stake in InterDigital, Inc. (NASDAQ:IDCC)

Farther Finance Advisors LLC lifted its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 2,713.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,264 shares of the Wireless communications provider's stock after purchasing an additional 3,148 shares during the quarter. Farther Finance Advisors LLC's holdings in InterDigital were worth $462,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in IDCC. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of InterDigital by 13.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,464 shares of the Wireless communications provider's stock worth $7,821,000 after buying an additional 8,533 shares in the last quarter. Texas Permanent School Fund Corp boosted its holdings in InterDigital by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 22,495 shares of the Wireless communications provider's stock valued at $2,395,000 after purchasing an additional 291 shares during the period. Gallacher Capital Management LLC purchased a new position in shares of InterDigital during the 1st quarter valued at $303,000. Duality Advisers LP increased its holdings in shares of InterDigital by 1,380.5% in the first quarter. Duality Advisers LP now owns 32,320 shares of the Wireless communications provider's stock worth $3,441,000 after purchasing an additional 30,137 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of InterDigital in the first quarter worth $341,000. Institutional investors own 99.83% of the company's stock.

InterDigital Stock Performance

Shares of NASDAQ IDCC traded up $1.96 during midday trading on Thursday, hitting $179.25. 341,878 shares of the stock traded hands, compared to its average volume of 460,227. InterDigital, Inc. has a one year low of $84.41 and a one year high of $180.81. The firm has a 50-day moving average of $145.85 and a two-hundred day moving average of $128.19. 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 capitalization of $4.54 billion, a P/E ratio of 19.15, a PEG ratio of 1.05 and a beta of 1.38.

InterDigital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were issued a dividend of $0.45 per share. The ex-dividend date was Wednesday, October 9th. This represents a $1.80 annualized dividend and a yield of 1.00%. This is an increase from InterDigital's previous quarterly dividend of $0.40. InterDigital's payout ratio is currently 19.23%.

Analyst Ratings Changes

A number of analysts recently weighed in on IDCC shares. Roth Mkm boosted their target price on InterDigital from $146.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, September 11th. StockNews.com cut InterDigital from a "buy" rating to a "hold" rating in a research note on Monday.

Insider Activity at InterDigital

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