Emerald Advisers LLC Has $25.63 Million Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Emerald Advisers LLC raised its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 50.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 180,987 shares of the Wireless communications provider's stock after acquiring an additional 60,575 shares during the quarter. Emerald Advisers LLC owned approximately 0.72% of InterDigital worth $25,633,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in IDCC. V Square Quantitative Management LLC bought 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 shares of InterDigital in the second quarter valued at about $29,000. GAMMA Investing LLC raised its holdings in shares of InterDigital by 50.8% in the second quarter. GAMMA Investing LLC now owns 368 shares of the Wireless communications provider's stock valued at $43,000 after buying an additional 124 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of InterDigital by 38.0% in the second quarter. Nisa Investment Advisors LLC now owns 396 shares of the Wireless communications provider's stock valued at $46,000 after buying an additional 109 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of InterDigital by 41.7% in the second quarter. CWM LLC now owns 635 shares of the Wireless communications provider's stock valued at $74,000 after buying an additional 187 shares during the last quarter. 99.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Transactions at InterDigital

In other news, CTO Rajesh Pankaj sold 700 shares of the business's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $142.78, for a total transaction of $99,946.00. Following the completion of the transaction, the chief technology officer now directly owns 54,984 shares in the company, valued at approximately $7,850,615.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Derek K. Aberle sold 2,005 shares of the business's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $134.40, for a total transaction of $269,472.00. Following the completion of the transaction, the director now directly owns 7,639 shares in the company, valued at approximately $1,026,681.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the business's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $142.78, for a total value of $99,946.00. Following the transaction, the chief technology officer now owns 54,984 shares of the company's stock, valued at $7,850,615.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,205 shares of company stock worth $716,218. 2.30% of the stock is currently owned by company insiders.

InterDigital Trading Up 10.1 %

NASDAQ:IDCC traded up $15.26 on Friday, hitting $165.70. 868,138 shares of the stock were exchanged, compared to its average volume of 426,509. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 17.70, a P/E/G ratio of 0.95 and a beta of 1.38. InterDigital, Inc. has a 52 week low of $76.82 and a 52 week high of $166.46. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.51 and a current ratio of 1.62. The company's 50-day moving average price is $142.84 and its 200 day moving average price is $126.27.

InterDigital (NASDAQ:IDCC - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The Wireless communications provider reported $4.20 earnings per share for the quarter, topping the consensus estimate of $0.43 by $3.77. The firm had revenue of $223.49 million during the quarter, compared to analysts' expectations of $95.63 million. InterDigital had a return on equity of 40.49% and a net margin of 36.69%. On average, equities research analysts forecast that InterDigital, Inc. will post 9.06 earnings per share for the current 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 given a dividend of $0.45 per share. This is a positive change from InterDigital's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Wednesday, October 9th. InterDigital's payout ratio is presently 19.23%.

InterDigital Company 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.