InterDigital, Inc. (NASDAQ:IDCC) Stock Holdings Lifted by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in InterDigital, Inc. (NASDAQ:IDCC) by 0.7% in the 3rd quarter, Holdings Channel reports. The fund owned 592,754 shares of the Wireless communications provider’s stock after buying an additional 3,975 shares during the period. Geode Capital Management LLC’s holdings in InterDigital were worth $83,968,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IDCC. Transcendent Capital Group LLC purchased a new stake in shares of InterDigital in the third quarter valued at $25,000. V Square Quantitative Management LLC acquired a new position in InterDigital during the third quarter valued at $26,000. 1620 Investment Advisors Inc. purchased a new stake in InterDigital in the 2nd quarter worth about $29,000. Nisa Investment Advisors LLC boosted its position in InterDigital by 38.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 396 shares of the Wireless communications provider’s stock worth $46,000 after acquiring an additional 109 shares during the period. Finally, GAMMA Investing LLC grew its stake in InterDigital by 81.3% during the 3rd quarter. GAMMA Investing LLC now owns 667 shares of the Wireless communications provider’s stock valued at $94,000 after acquiring an additional 299 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

InterDigital Trading Down 0.3 %

Shares of NASDAQ IDCC opened at $188.97 on Friday. The business has a 50 day simple moving average of $177.46 and a 200 day simple moving average of $145.93. InterDigital, Inc. has a 52 week low of $95.33 and a 52 week high of $203.90. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 0.81 and a beta of 1.44. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.62 and a current ratio of 1.62.

InterDigital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.45 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.95%. InterDigital’s dividend payout ratio is currently 19.23%.

Wall Street Analyst Weigh In

IDCC has been the topic of a number of research analyst reports. Roth Mkm boosted their price objective on shares of InterDigital from $146.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. StockNews.com cut shares of InterDigital from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

Insider Activity at InterDigital

In other news, insider Joshua D. Schmidt sold 140 shares of the 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 transaction, the insider now owns 24,138 shares of the company’s stock, valued at approximately $4,397,702.22. This represents a 0.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Rajesh Pankaj sold 700 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $142.78, for a total value of $99,946.00. Following the sale, the chief technology officer now directly owns 54,984 shares of the company’s stock, valued at $7,850,615.52. The trade was a 1.26 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

InterDigital Company 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.