InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Quest Partners LLC

Quest Partners LLC reduced its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 45.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,659 shares of the Wireless communications provider's stock after selling 8,811 shares during the period. Quest Partners LLC's holdings in InterDigital were worth $1,510,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. raised its stake in InterDigital by 294,025.0% during the 1st quarter. Russell Investments Group Ltd. now owns 11,765 shares of the Wireless communications provider's stock worth $1,253,000 after buying an additional 11,761 shares during the period. Blair William & Co. IL increased its position in shares of InterDigital by 7.3% during the first quarter. Blair William & Co. IL now owns 4,379 shares of the Wireless communications provider's stock worth $466,000 after acquiring an additional 299 shares during the period. Vanguard Group Inc. boosted its stake in InterDigital by 0.5% in the first quarter. Vanguard Group Inc. now owns 3,234,740 shares of the Wireless communications provider's stock valued at $344,370,000 after acquiring an additional 17,238 shares in the last quarter. Edgestream Partners L.P. increased its holdings in InterDigital by 118.5% in the first quarter. Edgestream Partners L.P. now owns 13,361 shares of the Wireless communications provider's stock valued at $1,422,000 after buying an additional 7,245 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in InterDigital by 28.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 43,021 shares of the Wireless communications provider's stock worth $4,580,000 after acquiring an additional 9,516 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company's stock.

Insider Activity at InterDigital

In other InterDigital news, Director John A. Kritzmacher sold 2,500 shares of the company's stock in a transaction dated 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 owns 20,279 shares of the company's stock, valued at $2,813,102.88. This represents a 10.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joshua D. Schmidt sold 140 shares of the firm's stock in a transaction dated Tuesday, November 19th. The stock was 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 trade represents a 0.58 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,340 shares of company stock worth $472,253. 2.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of InterDigital from a "buy" rating to a "hold" rating in a report on Monday, November 4th. Roth Mkm raised their target price on InterDigital from $146.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, September 11th.

InterDigital Trading Down 0.3 %

InterDigital stock traded down $0.61 during trading on Wednesday, hitting $182.29. The company had a trading volume of 225,227 shares, compared to its average volume of 455,084. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.03. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 0.77 and a beta of 1.38. InterDigital, Inc. has a 1-year low of $95.33 and a 1-year high of $191.57. The company's 50 day simple moving average is $153.82 and its 200-day simple moving average is $133.32.

InterDigital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th were paid a $0.45 dividend. This is a boost from InterDigital's previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, October 9th. This represents a $1.80 annualized dividend and a dividend yield of 0.99%. InterDigital's payout ratio is presently 19.23%.

InterDigital 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.