Aperio Group LLC reduced its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 5.2% during the second quarter, Holdings Channel reports. The firm owned 12,690 shares of the Wireless communications provider’s stock after selling 703 shares during the period. Aperio Group LLC’s holdings in InterDigital were worth $981,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of IDCC. Vanguard Group Inc. boosted its stake in InterDigital by 3.3% in the first quarter. Vanguard Group Inc. now owns 2,825,391 shares of the Wireless communications provider’s stock valued at $243,831,000 after buying an additional 89,997 shares during the last quarter. State Street Corp boosted its stake in InterDigital by 2.0% in the first quarter. State Street Corp now owns 1,108,236 shares of the Wireless communications provider’s stock valued at $95,642,000 after buying an additional 21,278 shares during the last quarter. AQR Capital Management LLC boosted its stake in InterDigital by 17.7% in the first quarter. AQR Capital Management LLC now owns 658,561 shares of the Wireless communications provider’s stock valued at $56,834,000 after buying an additional 99,018 shares during the last quarter. Geode Capital Management LLC boosted its stake in InterDigital by 5.1% in the first quarter. Geode Capital Management LLC now owns 392,469 shares of the Wireless communications provider’s stock valued at $33,870,000 after buying an additional 19,139 shares during the last quarter. Finally, Gotham Asset Management LLC boosted its stake in InterDigital by 29.7% in the first quarter. Gotham Asset Management LLC now owns 371,155 shares of the Wireless communications provider’s stock valued at $32,031,000 after buying an additional 84,884 shares during the last quarter. Institutional investors and hedge funds own 68.49% of the company’s stock.

InterDigital, Inc. (NASDAQ:IDCC) traded down 1.97% during midday trading on Thursday, reaching $69.55. 60,755 shares of the company traded hands. The firm has a market capitalization of $2.41 billion, a PE ratio of 7.58 and a beta of 1.00. InterDigital, Inc. has a 12 month low of $67.05 and a 12 month high of $102.30. The company’s 50-day moving average price is $75.37 and its 200 day moving average price is $83.63.

InterDigital (NASDAQ:IDCC) last announced its earnings results on Thursday, July 27th. The Wireless communications provider reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.05. InterDigital had a net margin of 45.92% and a return on equity of 44.58%. The firm had revenue of $135.78 million during the quarter, compared to the consensus estimate of $133.69 million. During the same quarter in the previous year, the company posted $1.14 EPS. The firm’s revenue for the quarter was up 78.8% on a year-over-year basis. On average, equities analysts anticipate that InterDigital, Inc. will post $3.59 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 26th. Investors of record on Wednesday, July 12th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.69%. The ex-dividend date was Monday, July 10th. InterDigital’s payout ratio is 13.00%.

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Several equities research analysts recently issued reports on IDCC shares. B. Riley upgraded shares of InterDigital from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $86.00 to $100.00 in a research report on Monday, April 24th. Benchmark Co. started coverage on shares of InterDigital in a research report on Tuesday, April 25th. They set a “hold” rating for the company. Zacks Investment Research upgraded shares of InterDigital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 26th. ValuEngine upgraded shares of InterDigital from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 25th. Finally, BidaskClub cut shares of InterDigital from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. InterDigital presently has a consensus rating of “Hold” and a consensus target price of $92.50.

In related news, EVP James J. Nolan sold 2,294 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $71.30, for a total value of $163,562.20. Following the completion of the transaction, the executive vice president now owns 54,042 shares of the company’s stock, valued at approximately $3,853,194.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey K. Belk sold 800 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $84.39, for a total transaction of $67,512.00. Following the completion of the transaction, the director now directly owns 17,801 shares of the company’s stock, valued at approximately $1,502,226.39. The disclosure for this sale can be found here. Insiders sold a total of 3,594 shares of company stock valued at $270,649 in the last three months. 1.90% of the stock is currently owned by corporate insiders.

About InterDigital

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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