RHS Financial LLC Has $515,000 Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

RHS Financial LLC lowered its stake in InterDigital, Inc. (NASDAQ:IDCC) by 6.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,659 shares of the Wireless communications provider’s stock after selling 184 shares during the quarter. RHS Financial LLC’s holdings in InterDigital were worth $515,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in IDCC. Disciplined Growth Investors Inc. MN lifted its stake in InterDigital by 3.6% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,132,818 shares of the Wireless communications provider’s stock valued at $160,441,000 after buying an additional 39,891 shares during the period. Geode Capital Management LLC raised its position in shares of InterDigital by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 592,754 shares of the Wireless communications provider’s stock valued at $83,968,000 after acquiring an additional 3,975 shares during the period. Reinhart Partners LLC. boosted its stake in InterDigital by 83.8% during the 4th quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock worth $69,785,000 after acquiring an additional 164,223 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in InterDigital by 28.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 214,783 shares of the Wireless communications provider’s stock valued at $30,420,000 after purchasing an additional 48,137 shares during the period. Finally, Emerald Advisers LLC increased its stake in InterDigital by 50.3% in the third quarter. Emerald Advisers LLC now owns 180,987 shares of the Wireless communications provider’s stock valued at $25,633,000 after purchasing an additional 60,575 shares in the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of InterDigital from a “buy” rating to a “hold” rating in a research report on Monday, November 4th.

Insider Activity

In other news, insider Joshua D. Schmidt sold 140 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $182.19, for a total transaction of $25,506.60. Following the completion of the transaction, the insider now directly owns 24,138 shares of the company’s stock, valued at $4,397,702.22. This represents a 0.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $204.13, for a total value of $142,891.00. Following the transaction, the chief technology officer now owns 52,997 shares of the company’s stock, valued at approximately $10,818,277.61. The trade was a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,622 shares of company stock worth $2,433,251 over the last quarter. 2.30% of the stock is currently owned by company insiders.

InterDigital Trading Down 1.0 %

NASDAQ:IDCC opened at $182.98 on Friday. The business’s 50-day simple moving average is $189.00 and its 200-day simple moving average is $160.43. InterDigital, Inc. has a fifty-two week low of $95.33 and a fifty-two week high of $207.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market capitalization of $4.64 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 2.05 and a beta of 1.44.

InterDigital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Wednesday, January 8th. InterDigital’s payout ratio is currently 19.23%.

InterDigital 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.