4,013 Shares in InterDigital, Inc. (NASDAQ:IDCC) Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC acquired a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,013 shares of the Wireless communications provider’s stock, valued at approximately $568,000.

Other hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in shares of InterDigital in the third quarter valued at about $26,000. 1620 Investment Advisors Inc. purchased a new stake in InterDigital in the 2nd quarter valued at about $29,000. GAMMA Investing LLC lifted its position in shares of 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 buying an additional 124 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of InterDigital by 38.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 396 shares of the Wireless communications provider’s stock worth $46,000 after buying an additional 109 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of InterDigital by 41.7% in the second quarter. CWM LLC now owns 635 shares of the Wireless communications provider’s stock valued at $74,000 after acquiring an additional 187 shares in the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

InterDigital Stock Up 1.1 %

InterDigital stock opened at $179.25 on Friday. 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 company has a market capitalization of $4.54 billion, a P/E ratio of 19.15, a P/E/G ratio of 1.05 and a beta of 1.38. The firm has a 50 day moving average price of $145.85 and a 200-day moving average price of $128.19. InterDigital, Inc. has a twelve month low of $84.41 and a twelve month high of $180.81.

InterDigital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.00%. This is a positive change from InterDigital’s previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, October 9th. InterDigital’s dividend payout ratio is 19.23%.

Insider Buying and Selling at InterDigital

In other news, Director Derek K. Aberle sold 2,005 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $134.40, for a total transaction of $269,472.00. Following the completion of the transaction, the director now owns 7,639 shares in the company, valued at approximately $1,026,681.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Derek K. Aberle sold 2,005 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $134.40, for a total value of $269,472.00. Following the sale, the director now owns 7,639 shares of the company’s stock, valued at $1,026,681.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John A. Kritzmacher sold 2,500 shares of the firm’s stock in a transaction that occurred 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 directly owns 20,279 shares of the company’s stock, valued at approximately $2,813,102.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,205 shares of company stock worth $716,218 over the last ninety days. 2.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

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.