Natixis Advisors LLC Makes New $1.43 Million Investment in InterDigital, Inc. (NASDAQ:IDCC)

Natixis Advisors LLC purchased a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,074 shares of the Wireless communications provider’s stock, valued at approximately $1,427,000.

Other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in InterDigital by 51,337.0% in the second quarter. Pacer Advisors Inc. now owns 743,265 shares of the Wireless communications provider’s stock valued at $86,635,000 after acquiring an additional 741,820 shares during the period. Reinhart Partners LLC. bought a new position in shares of InterDigital in the 3rd quarter worth approximately $27,762,000. Emerald Advisers LLC lifted its stake in shares of InterDigital by 127,997.9% in the 2nd quarter. Emerald Advisers LLC now owns 120,412 shares of the Wireless communications provider’s stock worth $14,035,000 after purchasing an additional 120,318 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of InterDigital by 283,160.0% in the third quarter. International Assets Investment Management LLC now owns 113,304 shares of the Wireless communications provider’s stock worth $16,047,000 after buying an additional 113,264 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust grew its position in InterDigital by 473.5% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 96,469 shares of the Wireless communications provider’s stock valued at $11,244,000 after buying an additional 79,648 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, Director John A. Kritzmacher sold 2,500 shares of the company’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 sale, the director now directly owns 20,279 shares in the company, valued at $2,813,102.88. This represents a 10.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Joshua D. Schmidt sold 140 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was 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 of the company’s stock, valued at approximately $4,397,702.22. This trade represents a 0.58 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,340 shares of company stock worth $472,253. 2.30% of the stock is currently owned by company insiders.

InterDigital Stock Up 1.1 %

Shares of NASDAQ IDCC opened at $195.98 on Wednesday. InterDigital, Inc. has a 1 year low of $95.33 and a 1 year high of $196.45. The firm has a 50-day simple moving average of $158.10 and a two-hundred day simple moving average of $135.63. The company has a market cap of $4.97 billion, a P/E ratio of 20.90, a PEG ratio of 0.80 and a beta of 1.38. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were given a dividend of $0.45 per share. The ex-dividend date was Wednesday, October 9th. This is a positive change from InterDigital’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 0.92%. InterDigital’s payout ratio is 19.23%.

InterDigital Company 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.