InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) insider Joshua D. Schmidt sold 140 shares of the firm'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 owns 24,138 shares of the company's stock, valued at approximately $4,397,702.22. The trade was a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
InterDigital Price Performance
NASDAQ IDCC opened at $182.90 on Wednesday. The company has a 50 day simple moving average of $153.82 and a 200-day simple moving average of $133.32. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $191.57. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 0.77 and a beta of 1.38. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.62 and a quick ratio of 1.62.
InterDigital Increases Dividend
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The business also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were paid a dividend of $0.45 per share. The ex-dividend date was Wednesday, October 9th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.98%. This is a positive change from InterDigital's previous quarterly dividend of $0.40. InterDigital's dividend payout ratio (DPR) is 19.23%.
Wall Street Analyst Weigh In
IDCC has been the subject of a number of recent analyst reports. StockNews.com lowered shares of InterDigital from a "buy" rating to a "hold" rating in a research note on Monday, November 4th. Roth Mkm raised their target price on InterDigital from $146.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, September 11th.
Read Our Latest Stock Analysis on IDCC
Hedge Funds Weigh In On InterDigital
Several institutional investors and hedge funds have recently modified their holdings of the stock. Edgestream Partners L.P. grew its stake in InterDigital by 118.5% in the first quarter. Edgestream Partners L.P. now owns 13,361 shares of the Wireless communications provider's stock valued at $1,422,000 after purchasing an additional 7,245 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of InterDigital by 294,025.0% in the 1st quarter. Russell Investments Group Ltd. now owns 11,765 shares of the Wireless communications provider's stock valued at $1,253,000 after buying an additional 11,761 shares in the last quarter. Hancock Whitney Corp increased its holdings in InterDigital by 60.0% in the first quarter. Hancock Whitney Corp now owns 14,061 shares of the Wireless communications provider's stock worth $1,497,000 after buying an additional 5,273 shares during the last quarter. Caxton Associates LP bought a new position in InterDigital during the first quarter valued at approximately $768,000. Finally, Ritholtz Wealth Management lifted its stake in InterDigital by 16.1% in the third quarter. Ritholtz Wealth Management now owns 24,322 shares of the Wireless communications provider's stock valued at $3,445,000 after acquiring an additional 3,381 shares during the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.
About InterDigital
(
Get Free Report)
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.
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