HL Financial Services LLC lifted its stake in InterDigital, Inc. (NASDAQ:IDCC) by 39.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,488 shares of the Wireless communications provider’s stock after purchasing an additional 1,539 shares during the quarter. HL Financial Services LLC’s holdings in InterDigital were worth $418,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Parametrica Management Ltd increased its holdings in InterDigital by 59.8% in the 4th quarter. Parametrica Management Ltd now owns 5,497 shares of the Wireless communications provider’s stock worth $419,000 after buying an additional 2,057 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in InterDigital by 57.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,815 shares of the Wireless communications provider’s stock worth $138,000 after buying an additional 664 shares during the period. Dupont Capital Management Corp acquired a new position in InterDigital in the 4th quarter worth approximately $861,000. SG Americas Securities LLC grew its stake in shares of InterDigital by 188.3% during the 4th quarter. SG Americas Securities LLC now owns 16,164 shares of the Wireless communications provider’s stock worth $1,231,000 after purchasing an additional 10,557 shares during the period. Finally, Cerebellum GP LLC acquired a new stake in shares of InterDigital during the 4th quarter worth approximately $127,000. 68.58% of the stock is owned by hedge funds and other institutional investors.
InterDigital, Inc. (NASDAQ:IDCC) traded down $1.05 during midday trading on Wednesday, hitting $76.50. The stock had a trading volume of 277,900 shares, compared to its average volume of 302,886. InterDigital, Inc. has a fifty-two week low of $67.55 and a fifty-two week high of $102.30. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.22 and a current ratio of 3.22. The stock has a market cap of $2,730.00, a price-to-earnings ratio of 10.87 and a beta of 0.94.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Tuesday, January 9th. InterDigital’s payout ratio is 19.34%.
In other news, EVP Scott A. Mcquilkin sold 500 shares of the business’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $76.50, for a total transaction of $38,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James J. Nolan sold 5,020 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $75.00, for a total value of $376,500.00. Following the transaction, the executive vice president now directly owns 49,063 shares of the company’s stock, valued at $3,679,725. The disclosure for this sale can be found here. Insiders have sold a total of 6,020 shares of company stock valued at $453,000 over the last three months. Corporate insiders own 1.90% of the company’s stock.
IDCC has been the topic of a number of analyst reports. Zacks Investment Research cut shares of InterDigital from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 24th. B. Riley reiterated a “buy” rating and set a $100.00 target price on shares of InterDigital in a research report on Friday, October 27th. ValuEngine upgraded InterDigital from a “hold” rating to a “buy” rating in a research report on Thursday, November 16th. Finally, BidaskClub upgraded InterDigital from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $93.67.
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InterDigital, Inc designs and develops technologies for wireless communications. The Company is focused on three technology areas: cellular wireless technology, Internet of things (IoT) technology, and, through its Hillcrest Laboratories, Inc (Hillcrest Labs) subsidiary, sensor and sensor fusion technology.
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