Janus Henderson Group PLC Sells 2,400 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Janus Henderson Group PLC lessened its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 18.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 10,854 shares of the Wireless communications provider’s stock after selling 2,400 shares during the period. Janus Henderson Group PLC’s holdings in InterDigital were worth $1,538,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Transcendent Capital Group LLC purchased a new stake in shares of InterDigital during the third quarter worth about $25,000. V Square Quantitative Management LLC purchased a new stake in InterDigital during the 3rd quarter valued at approximately $26,000. 1620 Investment Advisors Inc. bought a new stake in shares of InterDigital during the second quarter valued at approximately $29,000. Nisa Investment Advisors LLC lifted its holdings in shares of InterDigital by 38.0% in the second quarter. Nisa Investment Advisors LLC now owns 396 shares of the Wireless communications provider’s stock worth $46,000 after buying an additional 109 shares in the last quarter. Finally, CWM LLC boosted its position in shares of InterDigital by 41.7% during the second quarter. CWM LLC now owns 635 shares of the Wireless communications provider’s stock worth $74,000 after acquiring an additional 187 shares during the last quarter. 99.83% of the stock is owned by institutional investors.

InterDigital Trading Down 0.8 %

IDCC stock opened at $194.36 on Friday. The firm has a fifty day moving average price of $173.81 and a 200 day moving average price of $143.71. InterDigital, Inc. has a fifty-two week low of $95.33 and a fifty-two week high of $203.90. The firm has a market cap of $4.93 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 0.81 and a beta of 1.44. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.62 and a current ratio of 1.62.

InterDigital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.93%. InterDigital’s payout ratio is currently 19.23%.

Wall Street Analysts Forecast Growth

IDCC has been the topic of a number of research reports. StockNews.com downgraded shares of InterDigital from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Roth Mkm lifted their target price on InterDigital from $146.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th.

Insider Transactions at InterDigital

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

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.