Wellington Management Group LLP Acquires 8,824 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Wellington Management Group LLP grew its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 6.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,700 shares of the Wireless communications provider’s stock after buying an additional 8,824 shares during the quarter. Wellington Management Group LLP owned approximately 0.61% of InterDigital worth $22,052,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Disciplined Growth Investors Inc. MN lifted its position in InterDigital by 1.0% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,092,927 shares of the Wireless communications provider’s stock worth $127,392,000 after buying an additional 10,532 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of InterDigital by 51,337.0% in the 2nd quarter. Pacer Advisors Inc. now owns 743,265 shares of the Wireless communications provider’s stock valued at $86,635,000 after purchasing an additional 741,820 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in shares of InterDigital by 28.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 214,783 shares of the Wireless communications provider’s stock valued at $30,420,000 after purchasing an additional 48,137 shares during the period. Reinhart Partners LLC. bought a new stake in shares of InterDigital in the 3rd quarter valued at about $27,762,000. Finally, Emerald Advisers LLC raised its holdings in shares of InterDigital by 50.3% in the 3rd quarter. Emerald Advisers LLC now owns 180,987 shares of the Wireless communications provider’s stock valued at $25,633,000 after purchasing an additional 60,575 shares during the period. 99.83% of the stock is owned by institutional investors.

Insider Buying and Selling at InterDigital

In other InterDigital news, insider Joshua D. Schmidt sold 140 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were 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 in the company, valued at $4,397,702.22. This represents a 0.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the 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 transaction, the chief technology officer now owns 54,984 shares in the company, valued at approximately $7,850,615.52. The trade was a 1.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,340 shares of company stock valued at $472,253 in the last three months. 2.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Roth Mkm upped their target price on shares of InterDigital from $146.00 to $160.00 and gave the company a “buy” rating in a 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.

InterDigital Stock Down 0.8 %

InterDigital stock opened at $194.36 on Friday. The stock has a market cap of $4.93 billion, a P/E ratio of 20.76, a P/E/G ratio of 0.81 and a beta of 1.44. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.03. InterDigital, Inc. has a twelve month low of $95.33 and a twelve month high of $203.90. The company’s 50-day moving average price is $173.81 and its two-hundred day moving average price is $143.71.

InterDigital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.80 annualized dividend and a yield of 0.93%. InterDigital’s dividend payout ratio is currently 19.23%.

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.