Charles Schwab Investment Management Inc. Reduces Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Charles Schwab Investment Management Inc. reduced its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 0.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 309,236 shares of the Wireless communications provider’s stock after selling 1,701 shares during the period. Charles Schwab Investment Management Inc. owned 1.22% of InterDigital worth $43,797,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IDCC. Transcendent Capital Group LLC acquired a new position in shares of InterDigital in the third quarter worth $25,000. V Square Quantitative Management LLC purchased a new stake in InterDigital during the 3rd quarter worth about $26,000. 1620 Investment Advisors Inc. acquired a new position in InterDigital in the 2nd quarter valued at about $29,000. GAMMA Investing LLC raised its stake in InterDigital by 50.8% in the 2nd quarter. GAMMA Investing LLC now owns 368 shares of the Wireless communications provider’s stock valued at $43,000 after purchasing an additional 124 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings 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 in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Stock Down 0.2 %

IDCC opened at $195.96 on Monday. InterDigital, Inc. has a 12 month low of $95.33 and a 12 month high of $199.79. The business has a 50-day moving average of $162.85 and a two-hundred day moving average of $137.94. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 0.82 and a beta of 1.38.

InterDigital Increases Dividend

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

Insiders Place Their Bets

In other InterDigital news, insider Joshua D. Schmidt sold 140 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $182.19, for a total transaction of $25,506.60. Following the completion of the sale, the insider now directly owns 24,138 shares in the company, valued at $4,397,702.22. This represents a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John A. Kritzmacher sold 2,500 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $138.72, for a total value of $346,800.00. Following the completion of the transaction, the director now owns 20,279 shares in the company, valued at approximately $2,813,102.88. This trade represents a 10.98 % decrease in their ownership of the stock. 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 over the last quarter. Company insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on IDCC. 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 research report on Wednesday, September 11th. StockNews.com cut shares of InterDigital from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

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.