Centiva Capital LP Has $1.53 Million Position in InterDigital, Inc. (NASDAQ:IDCC)

Centiva Capital LP trimmed its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 3.0% during the third quarter, HoldingsChannel.com reports. The firm owned 10,810 shares of the Wireless communications provider’s stock after selling 340 shares during the period. Centiva Capital LP’s holdings in InterDigital were worth $1,531,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in IDCC. Captrust Financial Advisors lifted its holdings in InterDigital by 0.5% during the 3rd quarter. Captrust Financial Advisors now owns 13,876 shares of the Wireless communications provider’s stock worth $1,965,000 after buying an additional 68 shares during the period. Simplicity Wealth LLC boosted its holdings in InterDigital by 1.5% in the third quarter. Simplicity Wealth LLC now owns 4,696 shares of the Wireless communications provider’s stock valued at $665,000 after acquiring an additional 69 shares during the last quarter. Miller Howard Investments Inc. NY increased its position in InterDigital by 2.0% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 4,602 shares of the Wireless communications provider’s stock valued at $536,000 after purchasing an additional 90 shares during the period. Blue Trust Inc. raised its holdings in InterDigital by 9.4% during the 3rd quarter. Blue Trust Inc. now owns 1,175 shares of the Wireless communications provider’s stock worth $166,000 after purchasing an additional 101 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of InterDigital by 38.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 396 shares of the Wireless communications provider’s stock worth $46,000 after purchasing an additional 109 shares during the period. Institutional investors and hedge funds own 99.83% of the company’s stock.

InterDigital Stock Up 1.8 %

InterDigital stock opened at $200.08 on Wednesday. The company has a market capitalization of $5.07 billion, a PE ratio of 21.38, a PEG ratio of 0.82 and a beta of 1.44. InterDigital, Inc. has a 12-month low of $95.33 and a 12-month high of $201.00. The firm’s fifty day moving average is $164.00 and its 200 day moving average is $138.76. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.03.

InterDigital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th were issued a dividend of $0.45 per share. The ex-dividend date was Wednesday, October 9th. This represents a $1.80 annualized dividend and a dividend yield of 0.90%. This is a positive change from InterDigital’s previous quarterly dividend of $0.40. InterDigital’s dividend payout ratio is currently 19.23%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on IDCC shares. StockNews.com cut shares of InterDigital from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Roth Mkm lifted their price objective on InterDigital from $146.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th.

Insider Activity

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were 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 approximately $7,850,615.52. This trade represents a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 stock was 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. The trade was a 10.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,340 shares of company stock worth $472,253 in the last three months. Company insiders own 2.30% of the company’s stock.

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.