USA Financial Formulas Takes Position in InterDigital, Inc. (NASDAQ:IDCC)

USA Financial Formulas bought a new position in shares of InterDigital, Inc. (NASDAQ:IDCCFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 676 shares of the Wireless communications provider’s stock, valued at approximately $131,000.

Several other institutional investors have also recently added to or reduced their stakes in IDCC. Choreo LLC acquired a new position in InterDigital in the second quarter valued at $214,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of InterDigital by 71.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,258 shares of the Wireless communications provider’s stock valued at $493,000 after purchasing an additional 1,779 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of InterDigital by 164.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 117,826 shares of the Wireless communications provider’s stock valued at $13,734,000 after purchasing an additional 73,227 shares during the period. Edgestream Partners L.P. grew its stake in InterDigital by 38.7% during the 2nd quarter. Edgestream Partners L.P. now owns 18,533 shares of the Wireless communications provider’s stock worth $2,160,000 after buying an additional 5,172 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in InterDigital by 2.0% during the second quarter. Hsbc Holdings PLC now owns 8,461 shares of the Wireless communications provider’s stock worth $988,000 after buying an additional 168 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Trading Down 2.3 %

NASDAQ:IDCC opened at $171.68 on Friday. The firm has a market cap of $4.35 billion, a P/E ratio of 18.34, a PEG ratio of 2.11 and a beta of 1.44. The stock’s 50 day simple moving average is $190.67 and its 200-day simple moving average is $156.10. 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, Inc. has a 12-month low of $95.33 and a 12-month high of $207.08.

InterDigital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Wednesday, January 8th. InterDigital’s dividend payout ratio (DPR) is 19.23%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of InterDigital from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

Get Our Latest Stock Report on IDCC

Insider Activity

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $204.13, for a total value of $142,891.00. Following the completion of the sale, the chief technology officer now owns 52,997 shares of the company’s stock, valued at approximately $10,818,277.61. This trade represents a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joshua D. Schmidt sold 140 shares of the company’s 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 directly owns 24,138 shares in the company, valued at approximately $4,397,702.22. This trade represents a 0.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,622 shares of company stock valued at $2,433,251 in the last three months. 2.30% of the stock is currently owned by company insiders.

InterDigital Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for InterDigital (NASDAQ:IDCC)

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