Centiva Capital LP Has $1.53 Million Position in InterDigital, Inc. (NASDAQ:IDCC)

Centiva Capital LP lessened its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 3.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,810 shares of the Wireless communications provider’s stock after selling 340 shares during the period. Centiva Capital LP’s holdings in InterDigital were worth $1,531,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new position in shares of InterDigital in the third quarter valued at about $25,000. V Square Quantitative Management LLC bought a new stake in shares of InterDigital during the third quarter worth approximately $26,000. 1620 Investment Advisors Inc. acquired a new position in shares of InterDigital in the second quarter valued at approximately $29,000. GAMMA Investing LLC lifted its holdings in InterDigital by 50.8% during the 2nd quarter. GAMMA Investing LLC now owns 368 shares of the Wireless communications provider’s stock worth $43,000 after purchasing an additional 124 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in InterDigital by 38.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 396 shares of the Wireless communications provider’s stock valued at $46,000 after purchasing an additional 109 shares during the period. 99.83% of the stock is owned by institutional investors.

Insider Transactions at InterDigital

In other news, Director John A. Kritzmacher sold 2,500 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $138.72, for a total transaction of $346,800.00. Following the completion of the transaction, the director now owns 20,279 shares of the company’s stock, valued at approximately $2,813,102.88. The trade was a 10.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $142.78, for a total value of $99,946.00. Following the completion of the sale, the chief technology officer now directly owns 54,984 shares in the company, valued at $7,850,615.52. This trade represents a 1.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,340 shares of company stock valued at $472,253. Company insiders own 2.30% of the company’s stock.

InterDigital Stock Performance

IDCC opened at $200.08 on Wednesday. The firm has a market cap of $5.07 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 0.82 and a beta of 1.44. The business’s fifty day moving average is $164.00 and its 200-day moving average is $138.76. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $201.00. 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 company also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th were given a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This is a boost from InterDigital’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 0.90%. InterDigital’s payout ratio is presently 19.23%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. StockNews.com downgraded InterDigital from a “buy” rating to a “hold” rating in a report on Monday, November 4th. 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 report on Wednesday, September 11th.

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.