Robeco Institutional Asset Management B.V. Buys 48,137 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Robeco Institutional Asset Management B.V. increased its position in InterDigital, Inc. (NASDAQ:IDCC) by 28.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 214,783 shares of the Wireless communications provider’s stock after acquiring an additional 48,137 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.85% of InterDigital worth $30,420,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Duality Advisers LP grew its position in InterDigital by 1,380.5% during the first quarter. Duality Advisers LP now owns 32,320 shares of the Wireless communications provider’s stock worth $3,441,000 after buying an additional 30,137 shares in the last quarter. Edgestream Partners L.P. increased its position in shares of InterDigital by 118.5% in the first quarter. Edgestream Partners L.P. now owns 13,361 shares of the Wireless communications provider’s stock worth $1,422,000 after purchasing an additional 7,245 shares during the last quarter. Russell Investments Group Ltd. raised its stake in InterDigital by 294,025.0% in the first quarter. Russell Investments Group Ltd. now owns 11,765 shares of the Wireless communications provider’s stock valued at $1,253,000 after purchasing an additional 11,761 shares in the last quarter. Hancock Whitney Corp lifted its position in InterDigital by 60.0% during the first quarter. Hancock Whitney Corp now owns 14,061 shares of the Wireless communications provider’s stock valued at $1,497,000 after purchasing an additional 5,273 shares during the last quarter. Finally, Caxton Associates LP bought a new stake in InterDigital during the first quarter valued at approximately $768,000. 99.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling at InterDigital

In other news, CTO Rajesh Pankaj sold 700 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $142.78, for a total value of $99,946.00. Following the completion of the sale, the chief technology officer now owns 54,984 shares of the company’s stock, valued at approximately $7,850,615.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $142.78, for a total value of $99,946.00. Following the transaction, the chief technology officer now directly owns 54,984 shares of the company’s stock, valued at $7,850,615.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Derek K. Aberle sold 2,005 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $134.40, for a total value of $269,472.00. Following the sale, the director now directly owns 7,639 shares of the company’s stock, valued at approximately $1,026,681.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,205 shares of company stock worth $716,218 over the last three months. Company insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

IDCC has been the topic of several research reports. StockNews.com cut shares of InterDigital from a “buy” rating to a “hold” rating in a research report on Monday. Roth Mkm increased their target price on InterDigital from $146.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th.

InterDigital Trading Up 1.8 %

Shares of IDCC opened at $168.84 on Wednesday. InterDigital, Inc. has a fifty-two week low of $84.41 and a fifty-two week high of $169.85. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.05 and a beta of 1.38. The firm has a 50 day moving average price of $143.47 and a 200-day moving average price of $126.98. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were paid a $0.45 dividend. The ex-dividend date was Wednesday, October 9th. This is an increase from InterDigital’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.07%. InterDigital’s payout ratio is currently 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.