Quartz Partners LLC Has $3.48 Million Stock Position in InterDigital, Inc. (NASDAQ:IDCC)

Quartz Partners LLC lessened its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 20.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,958 shares of the Wireless communications provider's stock after selling 4,730 shares during the quarter. InterDigital accounts for 2.1% of Quartz Partners LLC's investment portfolio, making the stock its 9th largest position. Quartz Partners LLC owned approximately 0.07% of InterDigital worth $3,479,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Transcendent Capital Group LLC purchased a new stake in shares of InterDigital during the 3rd quarter worth approximately $25,000. Global Retirement Partners LLC boosted its stake in InterDigital by 504.5% in the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock worth $26,000 after purchasing an additional 111 shares during the period. Mendota Financial Group LLC boosted its stake in InterDigital by 14,500.0% in the 4th quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider's stock worth $57,000 after purchasing an additional 290 shares during the period. R Squared Ltd purchased a new position in InterDigital during the 4th quarter valued at about $70,000. Finally, Nisa Investment Advisors LLC grew its stake in InterDigital by 58.8% during the third quarter. Nisa Investment Advisors LLC now owns 629 shares of the Wireless communications provider's stock valued at $89,000 after acquiring an additional 233 shares in the last quarter. Institutional investors own 99.83% of the company's stock.

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Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of InterDigital from a "buy" rating to a "hold" rating in a report on Monday, November 4th.

InterDigital Price Performance

Shares of InterDigital stock traded up $0.32 during trading on Thursday, hitting $209.91. 255,323 shares of the stock traded hands, compared to its average volume of 385,814. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.57 and a beta of 1.44. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a 52 week low of $95.33 and a 52 week high of $218.76. The firm's fifty day moving average is $193.54 and its 200-day moving average is $170.90.

InterDigital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This is an increase from InterDigital's previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a dividend yield of 1.14%. InterDigital's dividend payout ratio (DPR) is 19.93%.

Insider Transactions at InterDigital

In other news, insider Eeva K. Hakoranta sold 350 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total transaction of $75,078.50. Following the transaction, the insider now directly owns 30,537 shares of the company's stock, valued at approximately $6,550,491.87. This trade represents a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard Brezski sold 9,602 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $215.21, for a total value of $2,066,446.42. Following the sale, the chief financial officer now owns 102,555 shares of the company's stock, valued at $22,070,861.55. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,134 shares of company stock worth $4,678,770. 2.30% of the stock is currently owned by insiders.

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.