Sanctuary Advisors LLC Acquires 217 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Sanctuary Advisors LLC grew its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 3.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,593 shares of the Wireless communications provider’s stock after purchasing an additional 217 shares during the period. Sanctuary Advisors LLC’s holdings in InterDigital were worth $1,218,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Disciplined Growth Investors Inc. MN grew its position in InterDigital by 3.6% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,132,818 shares of the Wireless communications provider’s stock worth $160,441,000 after acquiring an additional 39,891 shares during the last quarter. Geode Capital Management LLC grew its position in InterDigital by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 592,754 shares of the Wireless communications provider’s stock worth $83,968,000 after acquiring an additional 3,975 shares during the last quarter. Reinhart Partners LLC. lifted its holdings in InterDigital by 83.8% during the 4th quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock worth $69,785,000 after buying an additional 164,223 shares during the period. Congress Asset Management Co. acquired a new position in InterDigital during the 4th quarter worth about $62,583,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in InterDigital by 28.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 214,783 shares of the Wireless communications provider’s stock worth $30,420,000 after buying an additional 48,137 shares during the period. Institutional investors own 99.83% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded InterDigital from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

Insiders Place Their Bets

In other news, CFO Richard Brezski sold 9,602 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total value of $2,066,446.42. Following the completion of the transaction, the chief financial officer now directly owns 102,555 shares of the company’s stock, valued at $22,070,861.55. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Eeva K. Hakoranta sold 350 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total value of $75,078.50. Following the completion of the transaction, the insider now owns 30,537 shares in the company, valued at approximately $6,550,491.87. The trade was a 1.13 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,134 shares of company stock valued at $4,678,770. Corporate insiders own 2.30% of the company’s stock.

InterDigital Stock Performance

Shares of IDCC opened at $209.34 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a 50 day moving average price of $192.72 and a two-hundred day moving average price of $170.35. The firm has a market capitalization of $5.38 billion, a P/E ratio of 17.39, a P/E/G ratio of 1.57 and a beta of 1.44. InterDigital, Inc. has a 52 week low of $95.33 and a 52 week high of $218.76.

InterDigital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.60 per share. This is a positive change from InterDigital’s previous quarterly dividend of $0.45. This represents a $2.40 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Wednesday, April 9th. InterDigital’s payout ratio is currently 19.93%.

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.