1,932 Shares in InterDigital, Inc. (NASDAQ:IDCC) Acquired by Inceptionr LLC

Inceptionr LLC bought a new position in shares of InterDigital, Inc. (NASDAQ:IDCC) during the fourth quarter, HoldingsChannel.com reports. The firm bought 1,932 shares of the Wireless communications provider’s stock, valued at approximately $210,000.

A number of other hedge funds have also recently bought and sold shares of the company. Riverwater Partners LLC boosted its position in InterDigital by 0.7% during the fourth quarter. Riverwater Partners LLC now owns 13,555 shares of the Wireless communications provider’s stock worth $1,471,000 after acquiring an additional 96 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of InterDigital by 12.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,047 shares of the Wireless communications provider’s stock valued at $84,000 after purchasing an additional 114 shares during the last quarter. AlphaMark Advisors LLC boosted its holdings in shares of InterDigital by 4.3% in the 4th quarter. AlphaMark Advisors LLC now owns 3,038 shares of the Wireless communications provider’s stock valued at $330,000 after purchasing an additional 125 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of InterDigital by 12.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,280 shares of the Wireless communications provider’s stock valued at $104,000 after purchasing an additional 143 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of InterDigital by 0.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 34,016 shares of the Wireless communications provider’s stock valued at $2,729,000 after purchasing an additional 184 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insider Buying and Selling at InterDigital

In related news, insider Eeva K. Hakoranta sold 699 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $95.77, for a total transaction of $66,943.23. Following the completion of the transaction, the insider now owns 29,984 shares of the company’s stock, valued at $2,871,567.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CTO Rajesh Pankaj sold 650 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $103.87, for a total transaction of $67,515.50. Following the transaction, the chief technology officer now directly owns 64,517 shares of the company’s stock, valued at $6,701,380.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eeva K. Hakoranta sold 699 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $95.77, for a total transaction of $66,943.23. Following the transaction, the insider now directly owns 29,984 shares in the company, valued at $2,871,567.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,999 shares of company stock valued at $196,423. 2.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on IDCC. Jefferies Financial Group reiterated a “hold” rating and issued a $100.00 price target (down previously from $106.00) on shares of InterDigital in a report on Monday. StockNews.com downgraded shares of InterDigital from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Finally, Bank of America reissued an “underperform” rating and issued a $100.00 target price (down previously from $140.00) on shares of InterDigital in a research note on Monday, April 1st.

InterDigital Stock Up 0.7 %

InterDigital stock traded up $0.77 during midday trading on Friday, hitting $109.45. 108,307 shares of the stock were exchanged, compared to its average volume of 504,539. InterDigital, Inc. has a 1 year low of $74.65 and a 1 year high of $119.86. The company has a 50 day moving average price of $101.68 and a two-hundred day moving average price of $102.40. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market cap of $2.76 billion, a P/E ratio of 15.98, a P/E/G ratio of 0.92 and a beta of 1.35.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings results on Thursday, February 15th. The Wireless communications provider reported $1.16 EPS for the quarter, beating the consensus estimate of $1.00 by $0.16. InterDigital had a net margin of 31.18% and a return on equity of 32.57%. The business had revenue of $105.52 million during the quarter, compared to analyst estimates of $104.31 million. On average, sell-side analysts predict that InterDigital, Inc. will post 6.79 earnings per share for the current fiscal year.

InterDigital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.46%. InterDigital’s dividend payout ratio (DPR) is 23.53%.

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.