Pacer Advisors Inc. Reduces Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Pacer Advisors Inc. decreased its position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 15.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 631,459 shares of the Wireless communications provider's stock after selling 111,806 shares during the period. Pacer Advisors Inc. owned approximately 2.49% of InterDigital worth $89,434,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in IDCC. Russell Investments Group Ltd. lifted its holdings in shares of InterDigital by 294,025.0% in the 1st quarter. Russell Investments Group Ltd. now owns 11,765 shares of the Wireless communications provider's stock worth $1,253,000 after purchasing an additional 11,761 shares in the last quarter. Blair William & Co. IL increased its stake in InterDigital by 7.3% in the 1st quarter. Blair William & Co. IL now owns 4,379 shares of the Wireless communications provider's stock valued at $466,000 after buying an additional 299 shares during the last quarter. Vanguard Group Inc. lifted its holdings in InterDigital by 0.5% during the first quarter. Vanguard Group Inc. now owns 3,234,740 shares of the Wireless communications provider's stock worth $344,370,000 after acquiring an additional 17,238 shares during the period. UniSuper Management Pty Ltd purchased a new position in InterDigital in the first quarter worth $575,000. Finally, CANADA LIFE ASSURANCE Co grew its stake in InterDigital by 5.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 30,255 shares of the Wireless communications provider's stock valued at $3,218,000 after purchasing an additional 1,698 shares during the period. Institutional investors and hedge funds own 99.83% of the company's stock.

Insider Buying and Selling at InterDigital

In other 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 transaction, the director now owns 20,279 shares in the company, valued at approximately $2,813,102.88. This trade represents a 10.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 sale, the insider now owns 24,138 shares of the company's stock, valued at $4,397,702.22. This represents a 0.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,340 shares of company stock worth $472,253 over the last ninety days. Insiders own 2.30% of the company's stock.

Analyst Ratings Changes

IDCC has been the subject of several research analyst reports. Roth Mkm raised their price target 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 cut InterDigital from a "buy" rating to a "hold" rating in a report on Monday, November 4th.

InterDigital Price Performance

InterDigital stock traded up $6.70 during mid-day trading on Friday, hitting $190.12. 304,622 shares of the company traded hands, compared to its average volume of 453,812. The stock has a fifty day moving average price of $156.92 and a 200-day moving average price of $134.60. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 0.77 and a beta of 1.38. InterDigital, Inc. has a one year low of $95.33 and a one year high of $191.57. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.62 and a current ratio of 1.62.

InterDigital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $1.80 annualized dividend and a yield of 0.95%. This is a positive change from InterDigital's previous quarterly dividend of $0.40. InterDigital's payout ratio is 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.