InterDigital, Inc. (NASDAQ:IDCC) Shares Bought by Moran Wealth Management LLC

Moran Wealth Management LLC increased its stake in InterDigital, Inc. (NASDAQ:IDCC) by 37.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,956 shares of the Wireless communications provider’s stock after purchasing an additional 1,087 shares during the quarter. Moran Wealth Management LLC’s holdings in InterDigital were worth $560,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of 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 acquiring an additional 741,820 shares during the period. Reinhart Partners LLC. bought a new stake in InterDigital during the third quarter worth approximately $27,762,000. Emerald Advisers LLC lifted its position in InterDigital by 127,997.9% in the second quarter. Emerald Advisers LLC now owns 120,412 shares of the Wireless communications provider’s stock worth $14,035,000 after purchasing an additional 120,318 shares during the period. International Assets Investment Management LLC boosted its stake in 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 purchasing an additional 113,264 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its position in shares of InterDigital by 473.5% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 96,469 shares of the Wireless communications provider’s stock valued at $11,244,000 after purchasing an additional 79,648 shares during the period. Institutional investors own 99.83% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on IDCC. Roth Mkm upped their price objective on InterDigital from $146.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. StockNews.com lowered shares of InterDigital from a “buy” rating to a “hold” rating in a research report on Monday, November 4th.

Insiders Place Their Bets

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction that occurred on Monday, October 7th. The shares were 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 in the company, valued at approximately $7,850,615.52. The trade was a 1.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John A. Kritzmacher sold 2,500 shares of the stock in a transaction 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 completion of the sale, the director now owns 20,279 shares of the company’s stock, valued at $2,813,102.88. The trade was a 10.98 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,340 shares of company stock worth $472,253. Company insiders own 2.30% of the company’s stock.

InterDigital Stock Performance

IDCC opened at $190.12 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.03. The firm has a market cap of $4.82 billion, a PE ratio of 20.31, a P/E/G ratio of 0.77 and a beta of 1.38. The business has a fifty day simple moving average of $156.92 and a 200-day simple moving average of $134.60. InterDigital, Inc. has a fifty-two week low of $95.33 and a fifty-two week high of $191.57.

InterDigital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th were paid a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $1.80 dividend on an annualized basis and a yield of 0.95%. This is a boost from InterDigital’s previous quarterly dividend of $0.40. InterDigital’s dividend payout ratio (DPR) is currently 19.23%.

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.