InterDigital, Inc. (NASDAQ:IDCC) Stock Holdings Lifted by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 41.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 942 shares of the Wireless communications provider’s stock after acquiring an additional 275 shares during the quarter. GAMMA Investing LLC’s holdings in InterDigital were worth $182,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. boosted its position in shares of InterDigital by 10.3% in the 2nd quarter. Victory Capital Management Inc. now owns 27,757 shares of the Wireless communications provider’s stock valued at $3,235,000 after purchasing an additional 2,595 shares during the period. Caprock Group LLC purchased a new position in shares of InterDigital in the second quarter worth approximately $338,000. Choreo LLC purchased a new position in shares of InterDigital in the second quarter worth approximately $214,000. Texas Permanent School Fund Corp raised its holdings in shares of InterDigital by 2.9% during the second quarter. Texas Permanent School Fund Corp now owns 23,154 shares of the Wireless communications provider’s stock valued at $2,699,000 after acquiring an additional 659 shares during the period. Finally, AdvisorShares Investments LLC lifted its position in shares of InterDigital by 17.2% in the 2nd quarter. AdvisorShares Investments LLC now owns 4,688 shares of the Wireless communications provider’s stock valued at $545,000 after acquiring an additional 688 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Stock Performance

Shares of IDCC opened at $190.78 on Thursday. The company has a market capitalization of $4.84 billion, a PE ratio of 20.38, a PEG ratio of 0.95 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. The company’s 50 day moving average price is $189.21 and its 200 day moving average price is $153.69. InterDigital, Inc. has a 52 week low of $95.33 and a 52 week high of $207.08.

InterDigital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Wednesday, January 8th. InterDigital’s dividend payout ratio is currently 19.23%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $204.13, for a total value of $142,891.00. Following the transaction, the chief technology officer now owns 52,997 shares in the company, valued at $10,818,277.61. The trade was a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joshua D. Schmidt sold 140 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $182.19, for a total value of $25,506.60. Following the completion of the transaction, the insider now directly owns 24,138 shares in the company, valued at approximately $4,397,702.22. The trade was a 0.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,622 shares of company stock worth $2,433,251 in the last ninety days. Corporate 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.