Olympiad Research LP Buys New Stake in InterDigital, Inc. (NASDAQ:IDCC)

Olympiad Research LP bought a new stake in InterDigital, Inc. (NASDAQ:IDCC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,357 shares of the Wireless communications provider’s stock, valued at approximately $475,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IDCC. V Square Quantitative Management LLC purchased a new stake in InterDigital in the 3rd quarter valued at approximately $26,000. 1620 Investment Advisors Inc. purchased a new stake in InterDigital in the 2nd quarter valued at approximately $29,000. GAMMA Investing LLC lifted its stake in InterDigital by 50.8% in the 2nd quarter. GAMMA Investing LLC now owns 368 shares of the Wireless communications provider’s stock valued at $43,000 after buying an additional 124 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of 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 purchasing an additional 109 shares during the period. Finally, CWM LLC lifted its stake in shares of InterDigital by 41.7% during the 2nd quarter. CWM LLC now owns 635 shares of the Wireless communications provider’s stock worth $74,000 after purchasing an additional 187 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Insider Activity at InterDigital

In other InterDigital news, Director John A. Kritzmacher sold 2,500 shares of InterDigital stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $138.72, for a total value of $346,800.00. Following the transaction, the director now owns 20,279 shares in the company, valued at approximately $2,813,102.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other InterDigital news, Director John A. Kritzmacher sold 2,500 shares of InterDigital stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $138.72, for a total value of $346,800.00. Following the transaction, the director now owns 20,279 shares in the company, valued at approximately $2,813,102.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the firm’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 transaction of $99,946.00. Following the completion of the transaction, the chief technology officer now directly owns 54,984 shares of the company’s stock, valued at $7,850,615.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,205 shares of company stock worth $716,218 over the last quarter. 2.30% of the stock is currently owned by company insiders.

InterDigital Stock Performance

Shares of NASDAQ IDCC opened at $176.59 on Thursday. InterDigital, Inc. has a 52-week low of $84.41 and a 52-week high of $178.72. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $4.47 billion, a P/E ratio of 18.94, a P/E/G ratio of 1.05 and a beta of 1.38. The firm’s 50-day moving average price is $145.00 and its two-hundred day moving average price is $127.83.

InterDigital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Wednesday, October 9th. This is a positive change from InterDigital’s previous quarterly dividend of $0.40. InterDigital’s dividend payout ratio (DPR) is currently 19.23%.

Analyst Ratings Changes

Several brokerages recently issued reports on IDCC. Roth Mkm increased their price target on InterDigital from $146.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. StockNews.com downgraded InterDigital from a “buy” rating to a “hold” rating in a report on Monday.

About InterDigital

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.