Sanctuary Advisors LLC Purchases 1,265 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Sanctuary Advisors LLC increased its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 24.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,376 shares of the Wireless communications provider’s stock after purchasing an additional 1,265 shares during the quarter. Sanctuary Advisors LLC’s holdings in InterDigital were worth $903,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Disciplined Growth Investors Inc. MN increased its holdings in shares of InterDigital by 3.6% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,132,818 shares of the Wireless communications provider’s stock worth $160,441,000 after buying an additional 39,891 shares in the last quarter. Pacer Advisors Inc. grew its position in InterDigital by 51,337.0% during the 2nd quarter. Pacer Advisors Inc. now owns 743,265 shares of the Wireless communications provider’s stock worth $86,635,000 after acquiring an additional 741,820 shares during the last quarter. Geode Capital Management LLC increased its holdings in InterDigital by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 592,754 shares of the Wireless communications provider’s stock valued at $83,968,000 after purchasing an additional 3,975 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in InterDigital by 28.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 214,783 shares of the Wireless communications provider’s stock valued at $30,420,000 after purchasing an additional 48,137 shares in the last quarter. Finally, Reinhart Partners LLC. bought a new position in InterDigital in the 3rd quarter valued at $27,762,000. 99.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IDCC. Roth Mkm increased 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. StockNews.com lowered shares of InterDigital from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

Insider Activity at InterDigital

In other InterDigital news, CEO Lawrence Liren Chen sold 5,891 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $195.34, for a total value of $1,150,747.94. Following the transaction, the chief executive officer now directly owns 164,543 shares of the company’s stock, valued at approximately $32,141,829.62. This trade represents a 3.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction on Monday, October 7th. The stock was sold at an average price of $142.78, for a total transaction of $99,946.00. Following the sale, the chief technology officer now directly owns 54,984 shares of the company’s stock, valued at $7,850,615.52. This represents a 1.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,731 shares of company stock worth $1,276,201 over the last 90 days. Insiders own 2.30% of the company’s stock.

InterDigital Stock Up 0.2 %

NASDAQ:IDCC opened at $189.43 on Monday. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 20.24, a P/E/G 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. The stock’s fifty day moving average price is $178.14 and its two-hundred day moving average price is $146.67. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $203.90.

InterDigital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Wednesday, January 8th. InterDigital’s dividend payout ratio (DPR) 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.