Inceptionr LLC grew its holdings in InterDigital, Inc. (NASDAQ:IDCC – Free Report) by 225.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,164 shares of the Wireless communications provider’s stock after acquiring an additional 2,191 shares during the period. Inceptionr LLC’s holdings in InterDigital were worth $956,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also modified their holdings of the business. Kemnay Advisory Services Inc. acquired a new stake in shares of InterDigital in the fourth quarter valued at $26,000. Anchor Investment Management LLC acquired a new position in InterDigital during the 1st quarter worth $30,000. Leonteq Securities AG acquired a new position in InterDigital during the 4th quarter worth $35,000. Financial Consulate Inc. acquired a new position in InterDigital during the 4th quarter worth $41,000. Finally, Hantz Financial Services Inc. increased its holdings in InterDigital by 219.0% during the 4th quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock worth $43,000 after purchasing an additional 92 shares during the period. Institutional investors and hedge funds own 99.83% of the company’s stock.
InterDigital Trading Up 0.9%
NASDAQ IDCC opened at $258.30 on Friday. InterDigital, Inc. has a 52 week low of $213.06 and a 52 week high of $412.60. The firm has a 50 day moving average of $269.24 and a two-hundred day moving average of $312.26. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $6.67 billion, a PE ratio of 24.32 and a beta of 1.42.
InterDigital Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were paid a $0.70 dividend. The ex-dividend date was Wednesday, July 8th. This represents a $2.80 dividend on an annualized basis and a yield of 1.1%. InterDigital’s dividend payout ratio (DPR) is currently 26.37%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings lowered InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $416.67.
Get Our Latest Report on InterDigital
Insider Buying and Selling
In other news, CTO Rajesh Pankaj sold 1,500 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $286.00, for a total value of $429,000.00. Following the transaction, the chief technology officer owned 67,976 shares in the company, valued at approximately $19,441,136. This represents a 2.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Samir Armaly sold 470 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $276.64, for a total value of $130,020.80. Following the completion of the transaction, the director owned 4,608 shares in the company, valued at approximately $1,274,757.12. The trade was a 9.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,872 shares of company stock valued at $1,654,159 over the last 90 days. 3.50% of the stock is currently owned by corporate insiders.
InterDigital Profile
InterDigital, Inc is a mobile and video technology research and development company that designs and licenses wireless communications and video compression innovations. Its patent portfolio encompasses key standards across 3G, 4G LTE and 5G wireless networks, as well as video and multimedia technologies. By focusing on fundamental technology creation rather than device manufacturing, InterDigital delivers core intellectual property to smartphone manufacturers, chipset vendors and telecommunications operators worldwide.
The company’s principal services include patent licensing, technology evaluation and consulting.
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