Seizert Capital Partners LLC cut its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 55,126 shares of the Wireless communications provider’s stock after selling 841 shares during the period. Seizert Capital Partners LLC owned 0.16% of InterDigital worth $4,410,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in InterDigital by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,041,319 shares of the Wireless communications provider’s stock valued at $84,243,000 after acquiring an additional 20,284 shares during the last quarter. Northern Trust Corp increased its holdings in shares of InterDigital by 2.5% during the 2nd quarter. Northern Trust Corp now owns 649,460 shares of the Wireless communications provider’s stock worth $52,541,000 after buying an additional 15,994 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of InterDigital by 14.5% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 296,500 shares of the Wireless communications provider’s stock worth $23,720,000 after buying an additional 37,590 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of InterDigital during the 2nd quarter worth $23,853,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of InterDigital by 11.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 265,711 shares of the Wireless communications provider’s stock worth $21,497,000 after buying an additional 26,580 shares during the last quarter. Institutional investors own 77.45% of the company’s stock.

Shares of NASDAQ IDCC opened at $74.93 on Tuesday. InterDigital, Inc. has a 12-month low of $68.22 and a 12-month high of $85.85. The firm has a market capitalization of $2.57 billion, a P/E ratio of 12.36, a P/E/G ratio of 2.47 and a beta of 1.06. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.06 and a quick ratio of 4.06.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings results on Thursday, November 1st. The Wireless communications provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.36. InterDigital had a return on equity of 17.50% and a net margin of 26.19%. The firm had revenue of $75.08 million during the quarter, compared to the consensus estimate of $72.59 million. During the same period in the prior year, the firm earned $1.00 EPS. The firm’s quarterly revenue was down 22.9% compared to the same quarter last year. On average, analysts forecast that InterDigital, Inc. will post 2.05 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 24th. Investors of record on Wednesday, October 10th were issued a $0.35 dividend. The ex-dividend date was Tuesday, October 9th. This represents a $1.40 annualized dividend and a yield of 1.87%. InterDigital’s dividend payout ratio is currently 23.10%.

A number of analysts have recently commented on the company. Zacks Investment Research downgraded InterDigital from a “hold” rating to a “strong sell” rating in a report on Monday, August 6th. National Securities assumed coverage on InterDigital in a report on Monday, July 23rd. They set a “buy” rating and a $103.00 price objective for the company. TheStreet downgraded InterDigital from a “b-” rating to a “c+” rating in a report on Monday, October 29th. ValuEngine downgraded InterDigital from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Finally, BidaskClub upgraded InterDigital from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 6th. Two research analysts have rated the stock with a sell rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $94.40.

In related news, EVP James J. Nolan sold 5,093 shares of the stock in a transaction on Monday, October 1st. The stock was sold at an average price of $79.82, for a total value of $406,523.26. Following the completion of the sale, the executive vice president now directly owns 39,560 shares in the company, valued at approximately $3,157,679.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

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About InterDigital

InterDigital, Inc designs and develops technologies that enable and enhance wireless communications in the United States and internationally. It offers technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G, and IEEE 802-related products and networks.

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Institutional Ownership by Quarter for InterDigital (NASDAQ:IDCC)

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