Strs Ohio raised its position in InterDigital, Inc. (NASDAQ:IDCC) by 2.4% during the second quarter, Holdings Channel reports. The firm owned 17,100 shares of the Wireless communications provider’s stock after buying an additional 400 shares during the period. Strs Ohio’s holdings in InterDigital were worth $1,321,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Tyers Asset Management LLC raised its position in shares of InterDigital by 2.8% in the first quarter. Tyers Asset Management LLC now owns 1,168 shares of the Wireless communications provider’s stock worth $101,000 after buying an additional 32 shares during the period. Elkfork Partners LLC raised its position in InterDigital by 2.8% in the first quarter. Elkfork Partners LLC now owns 1,606 shares of the Wireless communications provider’s stock valued at $139,000 after buying an additional 44 shares during the last quarter. Nisa Investment Advisors LLC raised its position in InterDigital by 0.9% in the second quarter. Nisa Investment Advisors LLC now owns 5,760 shares of the Wireless communications provider’s stock valued at $461,000 after buying an additional 50 shares during the last quarter. Meadow Creek Investment Management LLC raised its position in InterDigital by 2.8% in the first quarter. Meadow Creek Investment Management LLC now owns 2,044 shares of the Wireless communications provider’s stock valued at $176,000 after buying an additional 56 shares during the last quarter. Finally, Glen Harbor Capital Management LLC raised its position in InterDigital by 2.8% in the first quarter. Glen Harbor Capital Management LLC now owns 2,482 shares of the Wireless communications provider’s stock valued at $214,000 after buying an additional 68 shares during the last quarter. Institutional investors own 69.33% of the company’s stock.

InterDigital, Inc. (NASDAQ IDCC) opened at 70.05 on Friday. The company has a 50-day moving average of $76.21 and a 200 day moving average of $84.16. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 7.64 and a beta of 1.00. InterDigital, Inc. has a 12-month low of $67.04 and a 12-month high of $102.30.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings results on Thursday, July 27th. The Wireless communications provider reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.05. The company had revenue of $135.78 million during the quarter, compared to analyst estimates of $133.69 million. InterDigital had a net margin of 45.92% and a return on equity of 44.58%. InterDigital’s quarterly revenue was up 78.8% compared to the same quarter last year. During the same period last year, the business earned $1.14 EPS. Equities analysts expect that InterDigital, Inc. will post $3.59 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Shareholders of record on Wednesday, July 12th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, July 10th. This represents a $1.20 dividend on an annualized basis and a yield of 1.71%. InterDigital’s dividend payout ratio is currently 13.00%.

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Several equities analysts recently issued reports on the stock. B. Riley restated a “buy” rating and issued a $100.00 target price on shares of InterDigital in a report on Tuesday, June 13th. ValuEngine lowered shares of InterDigital from a “strong-buy” rating to a “buy” rating in a report on Friday. Sidoti upgraded shares of InterDigital from a “neutral” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, Zacks Investment Research upgraded shares of InterDigital from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $92.50.

In other InterDigital news, EVP Scott A. Mcquilkin sold 500 shares of the firm’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $79.15, for a total transaction of $39,575.00. Following the completion of the sale, the executive vice president now directly owns 79,768 shares in the company, valued at approximately $6,313,637.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP James J. Nolan sold 2,294 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $71.30, for a total transaction of $163,562.20. Following the sale, the executive vice president now owns 54,042 shares of the company’s stock, valued at $3,853,194.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,594 shares of company stock valued at $270,649. 1.90% of the stock is owned by company insiders.

InterDigital Company Profile

InterDigital, Inc designs and develops technologies for wireless communications. The Company is focused on three technology areas: cellular wireless technology, Internet of things (IoT) technology, and, through its Hillcrest Laboratories, Inc (Hillcrest Labs) subsidiary, sensor and sensor fusion technology.

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Institutional Ownership by Quarter for InterDigital (NASDAQ:IDCC)

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