InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its stake in InterDigital, Inc. (NASDAQ:IDCC) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 309,236 shares of the Wireless communications provider’s stock after selling 1,701 shares during the period. Charles Schwab Investment Management Inc.’s holdings in InterDigital were worth $43,797,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of IDCC. Transcendent Capital Group LLC acquired a new position in InterDigital during the 3rd quarter worth approximately $25,000. V Square Quantitative Management LLC purchased a new stake in shares of InterDigital during the third quarter valued at approximately $26,000. 1620 Investment Advisors Inc. acquired a new position in shares of InterDigital during the second quarter worth $29,000. GAMMA Investing LLC boosted its stake in shares of InterDigital by 50.8% in 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 during the period. Finally, Nisa Investment Advisors LLC grew its holdings in InterDigital by 38.0% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on IDCC. Roth Mkm boosted their price objective on shares of InterDigital from $146.00 to $160.00 and gave the stock a “buy” rating in a 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 on Monday, October 7th. The shares were sold at an average price of $142.78, for a total transaction of $99,946.00. Following the completion of the sale, the chief technology officer now owns 54,984 shares in the company, valued at $7,850,615.52. The trade was a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John A. Kritzmacher sold 2,500 shares of the stock in a transaction 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 sale, the director now directly owns 20,279 shares in the company, valued at $2,813,102.88. This trade represents a 10.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,340 shares of company stock worth $472,253. 2.30% of the stock is currently owned by corporate insiders.

InterDigital Stock Down 0.2 %

Shares of NASDAQ:IDCC opened at $195.96 on Monday. The firm has a market cap of $4.97 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 0.82 and a beta of 1.38. The company has a fifty day simple moving average of $162.85 and a 200 day simple moving average of $137.94. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.03. InterDigital, Inc. has a 12-month low of $95.33 and a 12-month high of $199.79.

InterDigital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th were given a $0.45 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $1.80 annualized dividend and a dividend yield of 0.92%. This is an increase from InterDigital’s previous quarterly dividend of $0.40. InterDigital’s payout ratio is presently 19.23%.

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.