Stifel Financial Corp Has $241,000 Position in InterDigital, Inc. (NASDAQ:IDCC)

Stifel Financial Corp lessened its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 89.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,699 shares of the Wireless communications provider’s stock after selling 15,127 shares during the period. Stifel Financial Corp’s holdings in InterDigital were worth $241,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new stake in shares of InterDigital during the 3rd quarter worth $234,000. Fred Alger Management LLC boosted its holdings in InterDigital by 15.3% during the third quarter. Fred Alger Management LLC now owns 30,878 shares of the Wireless communications provider’s stock valued at $4,373,000 after acquiring an additional 4,101 shares during the period. Verition Fund Management LLC boosted its holdings in InterDigital by 404.1% during the third quarter. Verition Fund Management LLC now owns 17,937 shares of the Wireless communications provider’s stock valued at $2,540,000 after acquiring an additional 14,379 shares during the period. Captrust Financial Advisors grew its holdings in InterDigital by 0.5% in the 3rd quarter. Captrust Financial Advisors now owns 13,876 shares of the Wireless communications provider’s stock valued at $1,965,000 after buying an additional 68 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of InterDigital by 18.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,799 shares of the Wireless communications provider’s stock worth $963,000 after acquiring an additional 1,041 shares during the last quarter. Institutional investors own 99.83% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $142.78, for a total value of $99,946.00. Following the completion of the sale, the chief technology officer now directly owns 54,984 shares in the company, valued at $7,850,615.52. This represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lawrence Liren Chen sold 5,891 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $195.34, for a total value of $1,150,747.94. Following the sale, the chief executive officer now directly owns 164,543 shares in the company, valued at approximately $32,141,829.62. This represents a 3.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,622 shares of company stock valued at $2,390,306 over the last ninety days. Insiders own 2.30% of the company’s stock.

InterDigital Price Performance

InterDigital stock opened at $194.93 on Monday. The business’s fifty day moving average is $181.89 and its two-hundred day moving average is $149.33. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market cap of $4.94 billion, a P/E ratio of 20.83, a P/E/G ratio of 0.95 and a beta of 1.44. InterDigital, Inc. has a 52 week low of $95.33 and a 52 week high of $203.90.

InterDigital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.80 annualized dividend and a yield of 0.92%. InterDigital’s dividend payout ratio is currently 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.