OLD National Bancorp IN Takes Position in InterDigital, Inc. (NASDAQ:IDCC)

OLD National Bancorp IN bought a new position in InterDigital, Inc. (NASDAQ:IDCC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,177 shares of the Wireless communications provider’s stock, valued at approximately $228,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IDCC. Transcendent Capital Group LLC bought a new stake in shares of InterDigital during the 3rd quarter worth $25,000. V Square Quantitative Management LLC bought a new stake in InterDigital during the third quarter valued at about $26,000. Mendota Financial Group LLC grew its position in shares of InterDigital by 14,500.0% in the fourth quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock valued at $57,000 after purchasing an additional 290 shares during the last quarter. R Squared Ltd bought a new position in shares of InterDigital in the fourth quarter worth about $70,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of InterDigital by 58.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 629 shares of the Wireless communications provider’s stock worth $89,000 after purchasing an additional 233 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insider Transactions at InterDigital

In related news, insider Joshua D. Schmidt sold 140 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Rajesh Pankaj sold 700 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $204.13, for a total transaction of $142,891.00. Following the completion of the transaction, the chief technology officer now directly owns 52,997 shares of the company’s stock, valued at approximately $10,818,277.61. This represents a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,622 shares of company stock valued at $2,433,251. 2.30% of the stock is owned by insiders.

InterDigital Trading Down 1.0 %

Shares of InterDigital stock opened at $182.98 on Monday. The company’s fifty day moving average price is $189.00 and its two-hundred day moving average price is $160.95. The firm has a market capitalization of $4.64 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 2.05 and a beta of 1.44. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $207.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.62 and a quick ratio of 1.62.

InterDigital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Wednesday, January 8th. InterDigital’s dividend payout ratio is 19.23%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of 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.