Integrated Wealth Concepts LLC Makes New $234,000 Investment in InterDigital, Inc. (NASDAQ:IDCC)

Integrated Wealth Concepts LLC bought a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,654 shares of the Wireless communications provider’s stock, valued at approximately $234,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. grew its position in InterDigital by 51,337.0% in the second quarter. Pacer Advisors Inc. now owns 743,265 shares of the Wireless communications provider’s stock valued at $86,635,000 after acquiring an additional 741,820 shares in the last quarter. Reinhart Partners LLC. acquired a new stake in InterDigital during the 3rd quarter valued at $27,762,000. Emerald Advisers LLC increased its stake in InterDigital by 127,997.9% during the 2nd quarter. Emerald Advisers LLC now owns 120,412 shares of the Wireless communications provider’s stock worth $14,035,000 after buying an additional 120,318 shares during the period. International Assets Investment Management LLC lifted its holdings in InterDigital by 283,160.0% in the 3rd quarter. International Assets Investment Management LLC now owns 113,304 shares of the Wireless communications provider’s stock worth $16,047,000 after buying an additional 113,264 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its position in InterDigital by 473.5% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 96,469 shares of the Wireless communications provider’s stock valued at $11,244,000 after buying an additional 79,648 shares during the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Transactions at InterDigital

In other news, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction dated Monday, October 7th. The shares were 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 directly owns 54,984 shares of the company’s stock, valued at approximately $7,850,615.52. The trade was a 1.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John A. Kritzmacher sold 2,500 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were 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 of the company’s stock, valued at approximately $2,813,102.88. This represents a 10.98 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,340 shares of company stock worth $472,253. 2.30% of the stock is currently owned by corporate insiders.

InterDigital Stock Performance

Shares of InterDigital stock opened at $194.36 on Friday. 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, Inc. has a 1 year low of $95.33 and a 1 year high of $203.90. The firm’s 50-day simple moving average is $173.81 and its 200-day simple moving average is $143.71. 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.

InterDigital Announces Dividend

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

About InterDigital

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.