Robeco Institutional Asset Management B.V. Acquires 48,137 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Robeco Institutional Asset Management B.V. lifted its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 28.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 214,783 shares of the Wireless communications provider's stock after purchasing an additional 48,137 shares during the period. Robeco Institutional Asset Management B.V. owned 0.85% of InterDigital worth $30,420,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position 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 in the last quarter. Disciplined Growth Investors Inc. MN increased its stake in shares of InterDigital by 1.0% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,092,927 shares of the Wireless communications provider's stock worth $127,392,000 after purchasing an additional 10,532 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of InterDigital by 51,337.0% in the 2nd quarter. Pacer Advisors Inc. now owns 743,265 shares of the Wireless communications provider's stock valued at $86,635,000 after purchasing an additional 741,820 shares during the period. Reinhart Partners LLC. acquired a new stake in InterDigital in the 3rd quarter valued at about $27,762,000. Finally, Emerald Advisers LLC grew its holdings in InterDigital by 50.3% during the third quarter. Emerald Advisers LLC now owns 180,987 shares of the Wireless communications provider's stock worth $25,633,000 after purchasing an additional 60,575 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 InterDigital news, CTO Rajesh Pankaj sold 700 shares of the business's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $142.78, for a total value of $99,946.00. Following the completion of the sale, the chief technology officer now owns 54,984 shares of the company's stock, valued at $7,850,615.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director John A. Kritzmacher sold 2,500 shares of the business'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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $142.78, for a total transaction of $99,946.00. Following the sale, the chief technology officer now owns 54,984 shares in the company, valued at $7,850,615.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,205 shares of company stock valued at $716,218 in the last ninety days. 2.30% of the stock is currently owned by corporate insiders.

InterDigital Stock Performance

IDCC stock traded up $8.45 during mid-day trading on Wednesday, hitting $177.29. 428,145 shares of the company were exchanged, compared to its average volume of 476,363. InterDigital, Inc. has a 1-year low of $84.41 and a 1-year high of $178.72. The stock has a market capitalization of $4.49 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 1.05 and a beta of 1.38. The business has a 50 day simple moving average of $144.15 and a 200-day simple moving average of $127.49. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.03.

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. The ex-dividend date was Wednesday, October 9th. This is an increase from InterDigital's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.02%. InterDigital's payout ratio is 19.23%.

Analyst Upgrades and Downgrades

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

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.