InterDigital, Inc. (NASDAQ:IDCC) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC increased its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 283,160.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,304 shares of the Wireless communications provider's stock after purchasing an additional 113,264 shares during the quarter. International Assets Investment Management LLC owned approximately 0.45% of InterDigital worth $16,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in IDCC. Duality Advisers LP lifted its stake 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 buying an additional 30,137 shares in the last quarter. Edgestream Partners L.P. boosted its position in InterDigital by 118.5% in the first quarter. Edgestream Partners L.P. now owns 13,361 shares of the Wireless communications provider's stock worth $1,422,000 after purchasing an additional 7,245 shares during the last quarter. Russell Investments Group Ltd. grew its position in InterDigital by 294,025.0% during the first quarter. Russell Investments Group Ltd. now owns 11,765 shares of the Wireless communications provider's stock valued at $1,253,000 after buying an additional 11,761 shares during the period. Hancock Whitney Corp grew its position in shares of InterDigital by 60.0% during the 1st quarter. Hancock Whitney Corp now owns 14,061 shares of the Wireless communications provider's stock valued at $1,497,000 after acquiring an additional 5,273 shares during the period. Finally, Caxton Associates LP purchased a new stake in InterDigital in the first quarter worth about $768,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at InterDigital

In other InterDigital 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 transaction, the director now owns 20,279 shares of the company's stock, valued at approximately $2,813,102.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other InterDigital news, Director John A. Kritzmacher sold 2,500 shares of InterDigital stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $138.72, for a total transaction of $346,800.00. Following the transaction, the director now directly owns 20,279 shares of the company's stock, valued at $2,813,102.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,205 shares of company stock worth $716,218. Insiders own 2.30% of the company's stock.

InterDigital Stock Performance

NASDAQ IDCC traded down $1.91 during trading hours on Wednesday, reaching $147.72. The stock had a trading volume of 422,891 shares, compared to its average volume of 457,099. The stock has a fifty day moving average of $141.90 and a 200 day moving average of $125.41. The stock has a market cap of $3.73 billion, a P/E ratio of 21.72, a price-to-earnings-growth 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 52-week low of $74.90 and a 52-week high of $157.50.

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

InterDigital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th were given a $0.45 dividend. 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. The ex-dividend date was Wednesday, October 9th. InterDigital's dividend payout ratio is 26.47%.

Analysts Set New Price Targets

A number of research analysts recently commented on IDCC shares. StockNews.com raised InterDigital from a "hold" rating to a "buy" rating in a report on Tuesday, October 15th. Roth Mkm raised their price target on InterDigital from $146.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, September 11th.

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.