InterDigital, Inc. (NASDAQ:IDCC) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in InterDigital, Inc. (NASDAQ:IDCC) by 658.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,728 shares of the Wireless communications provider’s stock after purchasing an additional 25,810 shares during the period. Intech Investment Management LLC owned about 0.12% of InterDigital worth $4,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings 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 valued at $344,370,000 after buying an additional 17,238 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its position in shares of InterDigital by 1.0% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,092,927 shares of the Wireless communications provider’s stock valued at $127,392,000 after acquiring an additional 10,532 shares during the period. Pacer Advisors Inc. increased 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 valued at $86,635,000 after purchasing an additional 741,820 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in InterDigital by 28.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 214,783 shares of the Wireless communications provider’s stock worth $30,420,000 after purchasing an additional 48,137 shares during the period. Finally, Reinhart Partners LLC. purchased a new position in InterDigital during the third quarter worth approximately $27,762,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director John A. Kritzmacher sold 2,500 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $138.72, for a total transaction of $346,800.00. Following the completion of the transaction, the director now owns 20,279 shares of the company’s stock, valued at approximately $2,813,102.88. This trade represents a 10.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joshua D. Schmidt sold 140 shares of InterDigital stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $182.19, for a total transaction of $25,506.60. Following the completion of the sale, the insider now owns 24,138 shares of the company’s stock, valued at $4,397,702.22. This trade represents a 0.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,340 shares of company stock valued at $472,253 over the last quarter. 2.30% of the stock is owned by insiders.

Analyst Ratings Changes

IDCC has been the subject of a number of recent analyst reports. Roth Mkm boosted their price objective on InterDigital from $146.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. StockNews.com lowered shares of InterDigital from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

InterDigital Trading Up 3.7 %

Shares of InterDigital stock opened at $190.12 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.62 and a quick ratio of 1.62. The stock’s 50 day simple moving average is $156.92 and its 200-day simple moving average is $134.60. The stock has a market cap of $4.82 billion, a P/E ratio of 20.31, a P/E/G ratio of 0.77 and a beta of 1.38. 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 disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.95%. This is a positive change from InterDigital’s previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, October 9th. InterDigital’s dividend payout ratio is presently 19.23%.

About InterDigital

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.