Advisors Preferred LLC Makes New Investment in InterDigital, Inc. (NASDAQ:IDCC)

Advisors Preferred LLC bought a new position in InterDigital, Inc. (NASDAQ:IDCC) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 8,257 shares of the Wireless communications provider’s stock, valued at approximately $1,619,000.

Other large investors have also recently modified their holdings of the company. Transcendent Capital Group LLC bought a new stake in InterDigital during the 3rd quarter valued at approximately $25,000. V Square Quantitative Management LLC purchased a new stake in InterDigital in the third quarter worth $26,000. Mendota Financial Group LLC raised its holdings in InterDigital by 14,500.0% in the fourth quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock worth $57,000 after purchasing an additional 290 shares in the last quarter. R Squared Ltd purchased a new position in InterDigital during the fourth quarter valued at $70,000. Finally, Nisa Investment Advisors LLC grew its position in shares of InterDigital by 58.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 629 shares of the Wireless communications provider’s stock worth $89,000 after buying an additional 233 shares during the period. Institutional investors own 99.83% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered InterDigital from a “buy” rating to a “hold” rating in a research report on Monday, November 4th.

Insider Activity

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $204.13, for a total transaction of $142,891.00. Following the transaction, the chief technology officer now owns 52,997 shares of the company’s stock, valued at $10,818,277.61. The trade was a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joshua D. Schmidt sold 140 shares of InterDigital stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $182.19, for a total value of $25,506.60. Following the sale, the insider now directly owns 24,138 shares in the company, valued at $4,397,702.22. This trade represents a 0.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,322 shares of company stock valued at $2,562,751 in the last 90 days. Company insiders own 2.30% of the company’s stock.

InterDigital Price Performance

Shares of NASDAQ:IDCC opened at $204.39 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.70 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $5.18 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 2.41 and a beta of 1.44. The firm’s 50 day moving average price is $188.74 and its 200-day moving average price is $162.86. InterDigital, Inc. has a twelve month low of $95.33 and a twelve month high of $213.38.

InterDigital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be given a $0.60 dividend. The ex-dividend date is Wednesday, April 9th. This is an increase from InterDigital’s previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a yield of 1.17%. InterDigital’s dividend payout ratio (DPR) is presently 14.95%.

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.