Koch Industries Inc. decreased its holdings in shares of InterDigital (NASDAQ:IDCC) by 65.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,556 shares of the Wireless communications provider’s stock after selling 6,668 shares during the quarter. Koch Industries Inc.’s holdings in InterDigital were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of IDCC. Cardinal Capital Management LLC CT bought a new stake in shares of InterDigital during the 4th quarter valued at about $25,689,000. Amundi Pioneer Asset Management Inc. acquired a new position in InterDigital during the 4th quarter valued at about $4,875,000. Dimensional Fund Advisors LP boosted its stake in InterDigital by 6.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 985,849 shares of the Wireless communications provider’s stock valued at $72,708,000 after purchasing an additional 62,291 shares during the period. Boston Partners acquired a new position in InterDigital during the 3rd quarter valued at about $4,079,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of InterDigital in the 3rd quarter worth approximately $3,828,000. Institutional investors and hedge funds own 74.16% of the company’s stock.
Shares of NASDAQ IDCC traded down $0.70 during trading hours on Friday, hitting $75.40. 203,549 shares of the stock were exchanged, compared to its average volume of 294,143. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 0.33. InterDigital has a one year low of $67.55 and a one year high of $93.00. The company has a market cap of $2,600.51, a P/E ratio of 12.44 and a beta of 0.93.
InterDigital (NASDAQ:IDCC) last announced its quarterly earnings data on Thursday, February 22nd. The Wireless communications provider reported $2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $1.60. The company had revenue of $205.30 million during the quarter, compared to analysts’ expectations of $191.42 million. InterDigital had a net margin of 32.70% and a return on equity of 26.52%. The business’s revenue was down 25.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.85 EPS. equities research analysts forecast that InterDigital will post 1.58 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Monday, April 23rd will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Friday, April 20th. InterDigital’s dividend payout ratio (DPR) is currently 23.10%.
IDCC has been the subject of a number of research analyst reports. B. Riley reaffirmed a “buy” rating and issued a $100.00 price target on shares of InterDigital in a research note on Wednesday, January 3rd. BidaskClub upgraded shares of InterDigital from a “strong sell” rating to a “sell” rating in a report on Thursday, January 4th. Zacks Investment Research lowered shares of InterDigital from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Finally, Dougherty & Co upgraded shares of InterDigital from a “neutral” rating to a “buy” rating and set a $87.00 price objective on the stock in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $88.67.
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InterDigital, Inc designs and develops technologies that enable and enhance wireless communications in the United States and internationally. It offers technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G, and IEEE 802-related products and networks.
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