Crossmark Global Holdings Inc. Has $304,000 Position in InterDigital, Inc. (NASDAQ:IDCC)

Crossmark Global Holdings Inc. cut its stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 98.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,147 shares of the Wireless communications provider's stock after selling 114,792 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in InterDigital were worth $304,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of IDCC. Transcendent Capital Group LLC acquired a new position in InterDigital in the 3rd quarter valued at $25,000. V Square Quantitative Management LLC acquired a new position in shares of InterDigital in the third quarter valued at about $26,000. 1620 Investment Advisors Inc. bought a new position in InterDigital during the second quarter worth about $29,000. GAMMA Investing LLC raised its stake in InterDigital by 50.8% in the 2nd quarter. GAMMA Investing LLC now owns 368 shares of the Wireless communications provider's stock worth $43,000 after purchasing an additional 124 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in InterDigital by 38.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 396 shares of the Wireless communications provider's stock valued at $46,000 after purchasing an additional 109 shares during the period. Institutional investors and hedge funds own 99.83% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling at InterDigital

In other news, Director John A. Kritzmacher sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $138.72, for a total value of $346,800.00. Following the sale, the director now directly owns 20,279 shares in the company, valued at approximately $2,813,102.88. This trade represents a 10.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the company's stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $142.78, for a total transaction of $99,946.00. Following the transaction, the chief technology officer now owns 54,984 shares of the company's stock, valued at approximately $7,850,615.52. This represents a 1.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.30% of the company's stock.

InterDigital Price Performance

IDCC stock traded up $1.22 during mid-day trading on Monday, hitting $183.29. The stock had a trading volume of 205,666 shares, compared to its average volume of 457,024. The firm has a fifty day simple moving average of $152.79 and a 200 day simple moving average of $132.77. The firm has a market capitalization of $4.64 billion, a P/E ratio of 19.58, a P/E/G ratio of 0.77 and a beta of 1.38. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.03. InterDigital, Inc. has a 52 week low of $95.33 and a 52 week high of $191.57.

InterDigital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.98%. This is a boost from InterDigital's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, October 9th. InterDigital's dividend payout ratio (DPR) is 19.23%.

InterDigital 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.