Joshua D. Schmidt Sells 140 Shares of InterDigital, Inc. (NASDAQ:IDCC) Stock

InterDigital, Inc. (NASDAQ:IDCC) insider Joshua D. Schmidt sold 140 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $182.19, for a total value of $25,506.60. Following the sale, the insider now directly owns 24,138 shares of the company’s stock, valued at $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 SEC, which is available at the SEC website.

InterDigital Stock Performance

NASDAQ IDCC opened at $182.29 on Thursday. The company’s 50 day simple moving average is $154.82 and its two-hundred day simple moving average is $133.67. The stock has a market capitalization of $4.62 billion, a PE ratio of 19.48, a P/E/G ratio of 0.77 and a beta of 1.38. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.62 and a quick ratio of 1.62. InterDigital, Inc. has a 1 year low of $95.33 and a 1 year high of $191.57.

InterDigital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Wednesday, October 9th. This is an increase from InterDigital’s previous quarterly dividend of $0.40. InterDigital’s dividend payout ratio (DPR) is 19.23%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. StockNews.com lowered shares of InterDigital from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Roth Mkm increased their price target on InterDigital from $146.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its holdings in shares of InterDigital by 294,025.0% in 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 last quarter. ProShare Advisors LLC increased its position in shares of InterDigital by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 7,771 shares of the Wireless communications provider’s stock valued at $827,000 after purchasing an additional 529 shares during the last quarter. Blair William & Co. IL lifted its position in InterDigital by 7.3% in the 1st quarter. Blair William & Co. IL now owns 4,379 shares of the Wireless communications provider’s stock worth $466,000 after buying an additional 299 shares during the last quarter. 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 worth $344,370,000 after buying an additional 17,238 shares in the last quarter. Finally, Edgestream Partners L.P. grew its position in InterDigital by 118.5% during 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 acquiring an additional 7,245 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors.

InterDigital Company 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.