Savant Capital LLC Has $461,000 Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Savant Capital LLC raised its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,379 shares of the Wireless communications provider’s stock after acquiring an additional 64 shares during the quarter. Savant Capital LLC’s holdings in InterDigital were worth $461,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. One Wealth Advisors LLC lifted its stake in InterDigital by 1.8% in the fourth quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider’s stock valued at $697,000 after acquiring an additional 64 shares during the last quarter. Captrust Financial Advisors lifted its stake in InterDigital by 0.5% in the third quarter. Captrust Financial Advisors now owns 13,876 shares of the Wireless communications provider’s stock valued at $1,965,000 after acquiring an additional 68 shares during the last quarter. Blue Trust Inc. lifted its stake in InterDigital by 9.4% in the third quarter. Blue Trust Inc. now owns 1,175 shares of the Wireless communications provider’s stock valued at $166,000 after acquiring an additional 101 shares during the last quarter. Larson Financial Group LLC lifted its stake in InterDigital by 8.9% in the third quarter. Larson Financial Group LLC now owns 1,418 shares of the Wireless communications provider’s stock valued at $201,000 after acquiring an additional 116 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in shares of InterDigital by 22.9% in the third quarter. TD Private Client Wealth LLC now owns 902 shares of the Wireless communications provider’s stock worth $128,000 after buying an additional 168 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of InterDigital from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

Insider Activity at InterDigital

In related news, insider Joshua D. Schmidt sold 140 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $182.19, for a total transaction of $25,506.60. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Rajesh Pankaj sold 700 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $204.13, for a total transaction of $142,891.00. Following the transaction, the chief technology officer now owns 52,997 shares of the company’s stock, valued at approximately $10,818,277.61. The trade was a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,322 shares of company stock worth $2,562,751 in the last ninety days. 2.30% of the stock is currently owned by insiders.

InterDigital Price Performance

Shares of InterDigital stock opened at $214.29 on Monday. The firm has a fifty day simple moving average of $190.07 and a 200-day simple moving average of $166.58. The company has a current ratio of 1.70, a quick ratio of 1.62 and a debt-to-equity ratio of 0.08. InterDigital, Inc. has a 1-year low of $95.33 and a 1-year high of $216.00. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 2.41 and a beta of 1.44.

InterDigital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be paid a dividend of $0.60 per share. This is a boost from InterDigital’s previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, April 9th. InterDigital’s dividend payout ratio is presently 14.95%.

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.