Segall Bryant & Hamill LLC Sells 11,188 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Segall Bryant & Hamill LLC trimmed its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 20.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,474 shares of the Wireless communications provider's stock after selling 11,188 shares during the quarter. Segall Bryant & Hamill LLC owned 0.17% of InterDigital worth $6,016,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of IDCC. Pacer Advisors Inc. boosted its position in InterDigital by 51,337.0% during the 2nd quarter. Pacer Advisors Inc. now owns 743,265 shares of the Wireless communications provider's stock worth $86,635,000 after acquiring an additional 741,820 shares during the last quarter. Reinhart Partners LLC. acquired a new position in InterDigital during the 3rd quarter worth approximately $27,762,000. Emerald Advisers LLC boosted its position in InterDigital by 127,997.9% during the 2nd quarter. Emerald Advisers LLC now owns 120,412 shares of the Wireless communications provider's stock worth $14,035,000 after acquiring an additional 120,318 shares during the last quarter. International Assets Investment Management LLC boosted its position in InterDigital by 283,160.0% during the 3rd quarter. International Assets Investment Management LLC now owns 113,304 shares of the Wireless communications provider's stock worth $16,047,000 after acquiring an additional 113,264 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its position in InterDigital by 473.5% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 96,469 shares of the Wireless communications provider's stock worth $11,244,000 after acquiring an additional 79,648 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company's stock.

InterDigital Stock Up 3.7 %

Shares of NASDAQ IDCC traded up $6.70 during trading hours on Friday, hitting $190.12. The company had a trading volume of 304,622 shares, compared to its average volume of 453,812. The stock has a market capitalization of $4.82 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 0.77 and a beta of 1.38. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.03. InterDigital, Inc. has a 1-year low of $95.33 and a 1-year high of $191.57. The firm's 50 day moving average is $156.92 and its 200-day moving average is $134.60.

InterDigital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were given a dividend of $0.45 per share. This is a boost from InterDigital's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $1.80 annualized dividend and a yield of 0.95%. InterDigital's dividend payout ratio (DPR) is presently 19.23%.

Insiders Place Their Bets

In other InterDigital news, insider Joshua D. Schmidt sold 140 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $182.19, for a total transaction of $25,506.60. Following the transaction, the insider now owns 24,138 shares in the company, valued at $4,397,702.22. This trade represents a 0.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $142.78, for a total value of $99,946.00. Following the transaction, the chief technology officer now owns 54,984 shares in the company, valued at $7,850,615.52. The trade was a 1.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,340 shares of company stock worth $472,253 in the last 90 days. Company insiders own 2.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IDCC. StockNews.com downgraded InterDigital from a "buy" rating to a "hold" rating in a research report on Monday, November 4th. Roth Mkm increased their price objective on InterDigital from $146.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, September 11th.

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.