Natixis Advisors LLC Invests $1.43 Million in InterDigital, Inc. (NASDAQ:IDCC)

Natixis Advisors LLC acquired a new position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,074 shares of the Wireless communications provider's stock, valued at approximately $1,427,000.

Several other institutional investors have also recently made changes to their positions in the company. Transcendent Capital Group LLC purchased a new position in InterDigital in the 3rd quarter valued at about $25,000. V Square Quantitative Management LLC purchased a new position in shares of InterDigital in the third quarter valued at approximately $26,000. 1620 Investment Advisors Inc. acquired a new stake in shares of InterDigital in the second quarter worth approximately $29,000. GAMMA Investing LLC increased its position in shares of InterDigital by 50.8% during the second 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 raised its stake 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 last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

InterDigital Stock Up 0.2 %

InterDigital stock traded up $0.45 during mid-day trading on Wednesday, reaching $196.43. 277,620 shares of the company's stock were exchanged, compared to its average volume of 452,408. The company has a fifty day moving average of $159.30 and a 200-day moving average of $136.26. The company has a market cap of $4.98 billion, a P/E ratio of 20.96, a P/E/G ratio of 0.81 and a beta of 1.38. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.03. InterDigital, Inc. has a twelve month low of $95.33 and a twelve month high of $197.64.

InterDigital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were given a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This is an increase from InterDigital's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.92%. InterDigital's dividend payout ratio is currently 19.23%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. StockNews.com downgraded shares of InterDigital from a "buy" rating to a "hold" rating in a research note on Monday, November 4th. Roth Mkm increased their price objective on shares of InterDigital from $146.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, September 11th.

Insider Transactions at InterDigital

In other InterDigital news, Director John A. Kritzmacher sold 2,500 shares of InterDigital stock in a transaction that occurred 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 $2,813,102.88. The trade was a 10.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Joshua D. Schmidt sold 140 shares of the company's stock in a transaction on Tuesday, November 19th. The shares were 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 approximately $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 three months, insiders sold 3,340 shares of company stock valued at $472,253. Insiders own 2.30% of the company's stock.

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.