Janney Montgomery Scott LLC Increases Position in InterDigital, Inc. (NASDAQ:IDCC)

Janney Montgomery Scott LLC raised its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 187.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,388 shares of the Wireless communications provider's stock after buying an additional 6,127 shares during the period. Janney Montgomery Scott LLC's holdings in InterDigital were worth $1,819,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Transcendent Capital Group LLC purchased a new position in InterDigital during the 3rd quarter valued at about $25,000. V Square Quantitative Management LLC acquired a new position in shares of InterDigital in the third quarter valued at approximately $26,000. Mendota Financial Group LLC increased its stake in InterDigital by 14,500.0% during the 4th quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider's stock worth $57,000 after buying an additional 290 shares during the period. Nisa Investment Advisors LLC lifted its holdings in InterDigital by 58.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 629 shares of the Wireless communications provider's stock worth $89,000 after buying an additional 233 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in InterDigital by 81.3% in the 3rd quarter. GAMMA Investing LLC now owns 667 shares of the Wireless communications provider's stock valued at $94,000 after buying an additional 299 shares during the period. 99.83% of the stock is owned by institutional investors and hedge funds.

InterDigital Trading Down 1.0 %

Shares of NASDAQ:IDCC opened at $182.98 on Monday. InterDigital, Inc. has a 52 week low of $95.33 and a 52 week high of $207.08. The company's 50 day moving average is $189.00 and its two-hundred day moving average is $160.95. The company has a market cap of $4.64 billion, a PE ratio of 19.55, a P/E/G ratio of 2.05 and a beta of 1.44. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Wednesday, January 8th. InterDigital's dividend payout ratio (DPR) is 19.23%.

Insider Transactions at InterDigital

In other InterDigital news, CEO Lawrence Liren Chen sold 5,891 shares of the business's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $189.12, for a total value of $1,114,105.92. Following the transaction, the chief executive officer now directly owns 158,652 shares of the company's stock, valued at approximately $30,004,266.24. The trade was a 3.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joshua D. Schmidt sold 140 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $182.19, for a total transaction 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,622 shares of company stock valued at $2,433,251. 2.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.

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