InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Capital Management Corp VA

Capital Management Corp VA lessened its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 14.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 182,363 shares of the Wireless communications provider’s stock after selling 30,956 shares during the period. InterDigital accounts for approximately 4.6% of Capital Management Corp VA’s investment portfolio, making the stock its 4th biggest position. Capital Management Corp VA owned approximately 0.72% of InterDigital worth $25,828,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in shares of InterDigital during the 3rd quarter worth about $26,000. 1620 Investment Advisors Inc. acquired a new position in shares of InterDigital during the 2nd quarter worth about $29,000. GAMMA Investing LLC raised its position in shares of InterDigital by 50.8% during the 2nd quarter. GAMMA Investing LLC now owns 368 shares of the Wireless communications provider’s stock worth $43,000 after purchasing an additional 124 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of InterDigital by 38.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 396 shares of the Wireless communications provider’s stock worth $46,000 after purchasing an additional 109 shares during the last quarter. Finally, CWM LLC raised its position in shares of InterDigital by 41.7% during the 2nd quarter. CWM LLC now owns 635 shares of the Wireless communications provider’s stock worth $74,000 after purchasing an additional 187 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

InterDigital Stock Up 0.1 %

IDCC stock opened at $165.93 on Tuesday. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 1.05 and a beta of 1.38. 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 $84.41 and a 12 month high of $169.46. The firm has a 50-day moving average of $142.84 and a two-hundred day moving average of $126.48.

InterDigital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th were paid a $0.45 dividend. This is a boost from InterDigital’s previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, October 9th. This represents a $1.80 annualized dividend and a dividend yield of 1.08%. InterDigital’s dividend payout ratio is 19.23%.

Analyst Ratings Changes

Several research firms recently weighed in on IDCC. Roth Mkm upped their price target on shares of 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 shares of InterDigital from a “buy” rating to a “hold” rating in a report on Monday.

Insider Activity

In other news, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction that occurred on 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Derek K. Aberle sold 2,005 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $134.40, for a total transaction of $269,472.00. Following the completion of the transaction, the director now owns 7,639 shares of the company’s stock, valued at approximately $1,026,681.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $142.78, for a total transaction of $99,946.00. Following the transaction, the chief technology officer now directly 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 disclosure for this sale can be found here. Insiders sold a total of 5,205 shares of company stock valued at $716,218 in the last 90 days. Company 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.