International Assets Investment Management LLC Has $16.05 Million Stock Position in InterDigital, Inc. (NASDAQ:IDCC)

International Assets Investment Management LLC boosted its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 283,160.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 113,304 shares of the Wireless communications provider’s stock after purchasing an additional 113,264 shares during the period. International Assets Investment Management LLC owned 0.45% of InterDigital worth $16,047,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of IDCC. Vanguard Group Inc. raised its holdings in InterDigital by 0.5% during the first quarter. Vanguard Group Inc. now owns 3,234,740 shares of the Wireless communications provider’s stock valued at $344,370,000 after buying an additional 17,238 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in InterDigital by 1.0% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,092,927 shares of the Wireless communications provider’s stock valued at $127,392,000 after buying an additional 10,532 shares in the last quarter. Pacer Advisors Inc. raised its holdings in InterDigital by 51,337.0% during the second quarter. Pacer Advisors Inc. now owns 743,265 shares of the Wireless communications provider’s stock valued at $86,635,000 after buying an additional 741,820 shares in the last quarter. Reinhart Partners LLC. bought a new position in InterDigital during the third quarter valued at about $27,762,000. Finally, Emerald Advisers LLC raised its holdings in InterDigital by 127,997.9% during the second quarter. Emerald Advisers LLC now owns 120,412 shares of the Wireless communications provider’s stock valued at $14,035,000 after buying an additional 120,318 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

InterDigital Trading Up 2.8 %

InterDigital stock opened at $149.63 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.51 and a current ratio of 1.51. The business’s 50-day simple moving average is $141.68 and its 200-day simple moving average is $125.25. The firm has a market capitalization of $3.78 billion, a PE ratio of 22.00, a PEG ratio of 0.97 and a beta of 1.39. InterDigital, Inc. has a 52 week low of $74.65 and a 52 week high of $157.50.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, August 1st. The Wireless communications provider reported $4.20 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $3.77. The business had revenue of $223.49 million for the quarter, compared to analyst estimates of $95.63 million. InterDigital had a return on equity of 44.57% and a net margin of 37.99%. Equities research analysts forecast that InterDigital, Inc. will post 9.06 earnings per share for the current year.

InterDigital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th were paid a $0.45 dividend. The ex-dividend date was Wednesday, October 9th. This is a positive change from InterDigital’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.20%. InterDigital’s payout ratio is presently 26.47%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IDCC. StockNews.com upgraded InterDigital from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. Roth Mkm raised their target price on InterDigital from $146.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, September 11th.

Insider Activity at InterDigital

In related news, Director Derek K. Aberle sold 2,005 shares of the business’s stock in a transaction dated 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 trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director John A. Kritzmacher sold 2,500 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $138.72, for a total transaction of $346,800.00. Following the transaction, the director now directly owns 20,279 shares in the company, valued at $2,813,102.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Derek K. Aberle sold 2,005 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were 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 in the company, valued at $1,026,681.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,205 shares of company stock worth $716,218 over the last three months. Company insiders own 2.30% of the company’s stock.

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.