InterDigital, Inc. (NASDAQ:IDCC) Insider Sells $25,506.60 in Stock

InterDigital, Inc. (NASDAQ:IDCC) 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 completion of the transaction, the insider now directly owns 24,138 shares of the company’s stock, valued at $4,397,702.22. This trade represents a 0.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

InterDigital Trading Up 0.6 %

Shares of NASDAQ IDCC opened at $183.32 on Friday. The firm has a 50 day moving average price of $155.84 and a two-hundred day moving average price of $134.01. The stock has a market cap of $4.65 billion, a P/E ratio of 19.59, a price-to-earnings-growth ratio of 0.77 and a beta of 1.38. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $191.57. 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 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 issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.98%. This is an increase from InterDigital’s previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, October 9th. InterDigital’s dividend payout ratio is presently 19.23%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IDCC. Russell Investments Group Ltd. increased its stake in shares of InterDigital by 294,025.0% in the first quarter. Russell Investments Group Ltd. now owns 11,765 shares of the Wireless communications provider’s stock valued at $1,253,000 after buying an additional 11,761 shares during the period. ProShare Advisors LLC increased its position in InterDigital by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 7,771 shares of the Wireless communications provider’s stock valued at $827,000 after purchasing an additional 529 shares during the period. Blair William & Co. IL raised its holdings in InterDigital by 7.3% during the 1st quarter. Blair William & Co. IL now owns 4,379 shares of the Wireless communications provider’s stock worth $466,000 after purchasing an additional 299 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of InterDigital by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 3,234,740 shares of the Wireless communications provider’s stock worth $344,370,000 after purchasing an additional 17,238 shares during the period. Finally, Edgestream Partners L.P. boosted its stake in shares of InterDigital by 118.5% in the 1st quarter. Edgestream Partners L.P. now owns 13,361 shares of the Wireless communications provider’s stock valued at $1,422,000 after purchasing an additional 7,245 shares during the last quarter. 99.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Roth Mkm increased their price target on InterDigital from $146.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. StockNews.com downgraded InterDigital from a “buy” rating to a “hold” rating in a research report on Monday, November 4th.

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.