Harbor Capital Advisors Inc. Increases Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Harbor Capital Advisors Inc. lifted its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 101.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,686 shares of the Wireless communications provider's stock after purchasing an additional 14,427 shares during the quarter. Harbor Capital Advisors Inc. owned 0.11% of InterDigital worth $5,557,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Pacer Advisors Inc. grew its stake 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 worth $86,635,000 after buying an additional 741,820 shares in the last quarter. Reinhart Partners LLC. purchased a new position in InterDigital in the third quarter worth about $27,762,000. International Assets Investment Management LLC grew its position in InterDigital by 283,160.0% in the third quarter. International Assets Investment Management LLC now owns 113,304 shares of the Wireless communications provider's stock worth $16,047,000 after acquiring an additional 113,264 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in InterDigital by 164.2% during the second quarter. Envestnet Asset Management Inc. now owns 117,826 shares of the Wireless communications provider's stock worth $13,734,000 after acquiring an additional 73,227 shares during the last quarter. Finally, Emerald Advisers LLC raised its position in InterDigital by 50.3% during the third quarter. Emerald Advisers LLC now owns 180,987 shares of the Wireless communications provider's stock valued at $25,633,000 after purchasing an additional 60,575 shares during the period. Institutional investors own 99.83% of the company's stock.

Insider Transactions at InterDigital

In other news, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $204.13, for a total transaction of $142,891.00. Following the transaction, the chief technology officer now directly owns 52,997 shares in the company, valued at approximately $10,818,277.61. This trade represents a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lawrence Liren Chen sold 5,891 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $189.12, for a total transaction of $1,114,105.92. Following the completion of the transaction, the chief executive officer now directly owns 158,652 shares of the company's stock, valued at $30,004,266.24. This trade represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,622 shares of company stock worth $2,433,251. Insiders own 2.30% of the company's stock.

InterDigital Trading Down 2.9 %

Shares of NASDAQ:IDCC traded down $5.51 during trading hours on Friday, hitting $185.27. 324,256 shares of the company's stock traded hands, compared to its average volume of 423,990. 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 business has a fifty day moving average price of $190.41 and a 200-day moving average price of $154.70. InterDigital, Inc. has a 1 year low of $95.33 and a 1 year high of $207.08. The firm has a market capitalization of $4.70 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44.

InterDigital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Wednesday, January 8th. InterDigital's dividend payout ratio is currently 19.23%.

Analyst Upgrades and Downgrades

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

About InterDigital

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.