Asset Management One Co. Ltd. Purchases 1,299 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Asset Management One Co. Ltd. grew its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 5.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 25,450 shares of the Wireless communications provider’s stock after acquiring an additional 1,299 shares during the period. Asset Management One Co. Ltd.’s holdings in InterDigital were worth $3,604,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. grew its position in InterDigital by 28.9% during 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 acquiring an additional 48,137 shares during the last quarter. Emerald Advisers LLC grew its position in InterDigital by 50.3% during the 3rd quarter. Emerald Advisers LLC now owns 180,987 shares of the Wireless communications provider’s stock worth $25,633,000 after acquiring an additional 60,575 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in InterDigital during the 3rd quarter worth approximately $2,020,000. Emerald Mutual Fund Advisers Trust grew its position in InterDigital by 23.5% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 119,122 shares of the Wireless communications provider’s stock worth $16,871,000 after acquiring an additional 22,653 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in InterDigital by 2,713.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,264 shares of the Wireless communications provider’s stock worth $462,000 after acquiring an additional 3,148 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CTO Rajesh Pankaj sold 700 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $142.78, for a total value of $99,946.00. Following the completion of the transaction, the chief technology officer now owns 54,984 shares in the company, valued at $7,850,615.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director John A. Kritzmacher sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was 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 $2,813,102.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the firm’s 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 transaction, the chief technology officer now directly owns 54,984 shares of the company’s stock, valued at approximately $7,850,615.52. This trade represents 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 worth $716,218 in the last quarter. 2.30% of the stock is owned by company insiders.

InterDigital Trading Up 2.1 %

IDCC opened at $183.07 on Friday. The stock has a market cap of $4.64 billion, a PE ratio of 19.56, a PEG ratio of 2.03 and a beta of 1.38. 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 business has a 50 day moving average of $146.74 and a 200-day moving average of $128.99. InterDigital, Inc. has a 52 week low of $85.36 and a 52 week high of $184.25.

InterDigital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Wednesday, October 9th. This is a boost from InterDigital’s previous quarterly dividend of $0.40. InterDigital’s dividend payout ratio (DPR) is presently 19.23%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on IDCC shares. StockNews.com lowered InterDigital from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Roth Mkm increased their price objective on InterDigital from $146.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th.

InterDigital Company 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.