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

InterDigital, Inc. (NASDAQ:IDCC) insider Joshua D. Schmidt sold 140 shares of the 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 $4,397,702.22. The trade was a 0.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

InterDigital Price Performance

InterDigital stock traded down $0.39 during mid-day trading on Tuesday, reaching $182.90. 239,692 shares of the company were exchanged, compared to its average volume of 456,054. The firm has a market cap of $4.63 billion, a PE ratio of 19.55, a PEG 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 12 month low of $95.33 and a 12 month high of $191.57. The company has a fifty day simple moving average of $152.79 and a 200-day simple moving average of $132.77.

InterDigital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th were given a dividend of $0.45 per share. This is a positive change 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 0.98%. InterDigital’s dividend payout ratio is presently 19.23%.

Institutional Investors Weigh In On InterDigital

Several large investors have recently modified their holdings of the stock. Edgestream Partners L.P. increased its holdings in InterDigital by 118.5% during the 1st quarter. Edgestream Partners L.P. now owns 13,361 shares of the Wireless communications provider’s stock worth $1,422,000 after acquiring an additional 7,245 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of InterDigital by 294,025.0% during the first quarter. Russell Investments Group Ltd. now owns 11,765 shares of the Wireless communications provider’s stock valued at $1,253,000 after purchasing an additional 11,761 shares during the last quarter. Hancock Whitney Corp lifted its stake in shares of InterDigital by 60.0% in the first quarter. Hancock Whitney Corp now owns 14,061 shares of the Wireless communications provider’s stock worth $1,497,000 after buying an additional 5,273 shares in the last quarter. Caxton Associates LP purchased a new stake in shares of InterDigital during the first quarter valued at approximately $768,000. Finally, Ritholtz Wealth Management increased its position in shares of InterDigital by 16.1% during the third quarter. Ritholtz Wealth Management now owns 24,322 shares of the Wireless communications provider’s stock valued at $3,445,000 after acquiring an additional 3,381 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on IDCC. StockNews.com cut 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 note on Wednesday, September 11th.

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.