Susquehanna Fundamental Investments LLC Purchases 20,734 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Susquehanna Fundamental Investments LLC boosted its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 647.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,934 shares of the Wireless communications provider’s stock after buying an additional 20,734 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in InterDigital were worth $2,790,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IDCC. 1620 Investment Advisors Inc. purchased a new stake in shares of InterDigital during the 2nd quarter worth approximately $29,000. Riverview Trust Co bought a new stake in InterDigital in the first quarter worth $31,000. GAMMA Investing LLC raised its stake in InterDigital by 50.8% during the second quarter. GAMMA Investing LLC now owns 368 shares of the Wireless communications provider’s stock valued at $43,000 after purchasing an additional 124 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in InterDigital by 38.0% during the second quarter. Nisa Investment Advisors LLC now owns 396 shares of the Wireless communications provider’s stock valued at $46,000 after purchasing an additional 109 shares during the last quarter. Finally, Palisade Asset Management LLC bought a new position in InterDigital during the first quarter valued at $64,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on IDCC shares. StockNews.com upgraded shares of InterDigital from a “hold” rating to a “buy” rating in a report on Thursday, August 22nd. Roth Mkm boosted their price objective on InterDigital from $146.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th.

Insider Buying and Selling

In other InterDigital news, Director Derek K. Aberle sold 2,005 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $134.40, for a total value of $269,472.00. Following the transaction, the director now owns 7,639 shares of the company’s stock, valued at approximately $1,026,681.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other InterDigital news, Director John A. Kritzmacher sold 2,500 shares of the business’s stock in a transaction dated 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 directly owns 20,279 shares of the company’s stock, valued at approximately $2,813,102.88. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Derek K. Aberle sold 2,005 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.40, for a total transaction of $269,472.00. Following the transaction, the director now directly owns 7,639 shares in the company, valued at $1,026,681.60. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

InterDigital Trading Up 0.4 %

IDCC stock opened at $141.63 on Tuesday. InterDigital, Inc. has a twelve month low of $74.65 and a twelve month high of $143.96. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 20.83, a price-to-earnings-growth ratio of 0.88 and a beta of 1.39. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.03. The firm’s fifty day simple moving average is $134.17 and its two-hundred day simple moving average is $118.04.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings results on Thursday, August 1st. The Wireless communications provider reported $4.20 EPS for the quarter, beating the consensus estimate of $0.43 by $3.77. InterDigital had a net margin of 37.99% and a return on equity of 44.57%. The company had revenue of $223.49 million for the quarter, compared to the consensus estimate of $95.63 million. As a group, analysts anticipate that InterDigital, Inc. will post 9.05 earnings per share for the current year.

InterDigital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.27%. This is an increase from InterDigital’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Wednesday, October 9th. InterDigital’s dividend payout ratio is presently 26.47%.

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.