Boston Trust Walden Corp Has $70.78 Million Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Boston Trust Walden Corp trimmed its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 21.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 499,718 shares of the Wireless communications provider's stock after selling 134,207 shares during the quarter. Boston Trust Walden Corp owned about 1.98% of InterDigital worth $70,775,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in InterDigital by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 3,234,740 shares of the Wireless communications provider's stock valued at $344,370,000 after acquiring an additional 17,238 shares during the period. Disciplined Growth Investors Inc. MN boosted its stake in InterDigital by 1.0% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,092,927 shares of the Wireless communications provider's stock valued at $127,392,000 after purchasing an additional 10,532 shares during the period. Pacer Advisors Inc. grew its holdings in InterDigital by 51,337.0% in the 2nd quarter. Pacer Advisors Inc. now owns 743,265 shares of the Wireless communications provider's stock valued at $86,635,000 after buying an additional 741,820 shares in the last quarter. Reinhart Partners LLC. bought a new position in InterDigital during the 3rd quarter worth $27,762,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of InterDigital by 1.2% during the first quarter. Principal Financial Group Inc. now owns 151,173 shares of the Wireless communications provider's stock worth $16,094,000 after buying an additional 1,758 shares in the last quarter. 99.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

IDCC has been the subject of several analyst reports. Roth Mkm lifted their price objective on shares of InterDigital from $146.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, September 11th. StockNews.com upgraded InterDigital from a "hold" rating to a "buy" rating in a research note on Tuesday, October 15th.

Insider Activity

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the business'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 sale, the chief technology officer now owns 54,984 shares of the company's stock, valued at approximately $7,850,615.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related 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 completion of the transaction, the director now owns 20,279 shares in the company, valued at $2,813,102.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a 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 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 sale, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 5,205 shares of company stock worth $716,218. Corporate insiders own 2.30% of the company's stock.

InterDigital Price Performance

Shares of InterDigital stock traded down $0.06 on Friday, reaching $147.29. 327,536 shares of the stock were exchanged, compared to its average volume of 379,343. The firm's 50 day moving average is $141.18 and its 200-day moving average is $124.16. The firm has a market cap of $3.70 billion, a PE ratio of 14.82, a P/E/G ratio of 0.97 and a beta of 1.39. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.51 and a current ratio of 1.51. InterDigital, Inc. has a one year low of $74.65 and a one year high of $157.50.

InterDigital (NASDAQ:IDCC - Get Free Report) last issued its earnings results on Thursday, August 1st. The Wireless communications provider reported $4.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $3.77. InterDigital had a return on equity of 44.57% and a net margin of 37.99%. The firm had revenue of $223.49 million for the quarter, compared to the consensus estimate of $95.63 million. As a group, analysts anticipate that InterDigital, Inc. will post 9.06 EPS for the current fiscal year.

InterDigital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th were issued a $0.45 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.22%. This is a boost from InterDigital's previous quarterly dividend of $0.40. InterDigital's dividend payout ratio is 18.11%.

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.