Wellington Management Group LLP Raises Stock Position in InterDigital, Inc. (NASDAQ:IDCC)

Wellington Management Group LLP lifted its stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 6.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 155,700 shares of the Wireless communications provider's stock after acquiring an additional 8,824 shares during the quarter. Wellington Management Group LLP owned 0.61% of InterDigital worth $22,052,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Pacer Advisors Inc. lifted its stake 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 worth $86,635,000 after purchasing an additional 741,820 shares during the period. Reinhart Partners LLC. purchased a new position in shares of InterDigital during the 3rd quarter worth $27,762,000. Emerald Advisers LLC boosted its stake in shares of 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 grew its position in shares of 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 valued at $16,047,000 after acquiring an additional 113,264 shares during the period. Finally, Emerald Mutual Fund Advisers Trust increased its stake in shares of InterDigital by 473.5% in 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 purchasing an additional 79,648 shares in the last quarter. Institutional investors own 99.83% of the company's stock.

InterDigital Price Performance

InterDigital stock traded down $1.50 during mid-day trading on Friday, hitting $194.36. The stock had a trading volume of 208,855 shares, compared to its average volume of 447,636. InterDigital, Inc. has a one year low of $95.33 and a one year high of $203.90. 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 firm has a market capitalization of $4.93 billion, a P/E ratio of 20.76, a P/E/G ratio of 0.81 and a beta of 1.44. The firm's 50 day moving average is $173.81 and its 200 day moving average is $143.71.

InterDigital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Wednesday, January 8th. InterDigital's dividend payout ratio (DPR) is currently 19.23%.

Analyst Upgrades and Downgrades

A number of analysts have commented on IDCC shares. Roth Mkm upped their price target on InterDigital from $146.00 to $160.00 and gave the stock 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 research note on Monday, November 4th.

Insider Activity

In related news, insider Joshua D. Schmidt sold 140 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 24,138 shares of the company's stock, valued at approximately $4,397,702.22. This represents a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 of the company's stock, valued at $2,813,102.88. This represents a 10.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,340 shares of company stock worth $472,253 over the last quarter. Insiders own 2.30% of the company's stock.

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.