Olympiad Research LP acquired a new position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,357 shares of the Wireless communications provider's stock, valued at approximately $475,000.
Several other institutional investors have also modified their holdings of IDCC. V Square Quantitative Management LLC bought a new stake in shares of InterDigital in the 3rd quarter worth approximately $26,000. 1620 Investment Advisors Inc. acquired a new position in shares of InterDigital in the second quarter worth about $29,000. GAMMA Investing LLC increased its position 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 worth $43,000 after acquiring an additional 124 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of 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 acquiring an additional 109 shares in the last quarter. Finally, CWM LLC grew its position in InterDigital by 41.7% during the 2nd quarter. CWM LLC now owns 635 shares of the Wireless communications provider's stock worth $74,000 after purchasing an additional 187 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company's stock.
Insider Buying and Selling
In related news, Director Derek K. Aberle sold 2,005 shares of the company's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $134.40, for a total value of $269,472.00. Following the sale, the director now owns 7,639 shares of the company's stock, valued at $1,026,681.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other InterDigital news, Director Derek K. Aberle sold 2,005 shares of the business's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $134.40, for a total value of $269,472.00. Following the transaction, the director now directly owns 7,639 shares in the company, valued at $1,026,681.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John A. Kritzmacher sold 2,500 shares of the business's stock in a transaction that occurred on Friday, September 20th. The stock was 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 directly owns 20,279 shares in the company, valued at $2,813,102.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,205 shares of company stock valued at $716,218 over the last ninety days. 2.30% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the company. StockNews.com cut InterDigital from a "buy" rating to a "hold" rating in a research report on Monday. Roth Mkm increased their price objective on InterDigital from $146.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, September 11th.
Check Out Our Latest Report on InterDigital
InterDigital Stock Performance
IDCC stock traded up $1.96 on Thursday, reaching $179.25. 341,759 shares of the company were exchanged, compared to its average volume of 460,227. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.62 and a quick ratio of 1.62. InterDigital, Inc. has a 12 month low of $84.41 and a 12 month high of $180.81. The stock's fifty day moving average price is $145.00 and its 200 day moving average price is $127.83. The firm has a market capitalization of $4.54 billion, a PE ratio of 18.94, a PEG ratio of 1.05 and a beta of 1.38.
InterDigital Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.00%. This is a positive change from InterDigital's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, October 9th. InterDigital's dividend payout ratio is presently 19.23%.
About InterDigital
(
Free Report)
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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