Capital CS Group LLC Makes New Investment in InterDigital, Inc. (NASDAQ:IDCC)

Capital CS Group LLC acquired a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,545 shares of the Wireless communications provider’s stock, valued at approximately $502,000.

A number of other large investors have also made changes to their positions in the stock. SG Americas Securities LLC bought a new position in InterDigital during the third quarter valued at about $417,000. Sanctuary Advisors LLC acquired a new position in shares of InterDigital in the second quarter valued at $596,000. Truist Financial Corp lifted its position in InterDigital by 1.5% in the second quarter. Truist Financial Corp now owns 22,149 shares of the Wireless communications provider’s stock worth $2,582,000 after purchasing an additional 322 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in InterDigital during the second quarter worth $322,000. Finally, Disciplined Growth Investors Inc. MN boosted its stake in InterDigital by 1.0% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,092,927 shares of the Wireless communications provider’s stock worth $127,392,000 after buying an additional 10,532 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Roth Mkm raised their price objective on shares of InterDigital from $146.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. StockNews.com raised InterDigital from a “hold” rating to a “buy” rating in a report on Thursday, August 22nd.

Insider Activity

In other InterDigital news, Director Derek K. Aberle sold 2,005 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $134.40, for a total transaction of $269,472.00. Following the sale, the director now owns 7,639 shares of the company’s stock, valued at $1,026,681.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director John A. Kritzmacher sold 2,500 shares of InterDigital stock in a transaction on 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 sale, the director now directly owns 20,279 shares of the company’s stock, valued at approximately $2,813,102.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Derek K. Aberle sold 2,005 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $134.40, for a total value of $269,472.00. Following the transaction, the director now directly owns 7,639 shares in the company, valued at $1,026,681.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

InterDigital Price Performance

IDCC stock traded down $0.47 during trading on Friday, hitting $143.38. 220,931 shares of the stock traded hands, compared to its average volume of 460,851. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 21.09, a P/E/G ratio of 0.88 and a beta of 1.39. InterDigital, Inc. has a one year low of $74.65 and a one year high of $145.49. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.03. The company has a 50 day simple moving average of $135.96 and a 200 day simple moving average of $118.95.

InterDigital (NASDAQ:IDCC) last posted its earnings results on Thursday, August 1st. The Wireless communications provider reported $4.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $3.77. The company had revenue of $223.49 million during the quarter, compared to analysts’ expectations of $95.63 million. InterDigital had a net margin of 37.99% and a return on equity of 44.57%. Equities analysts expect that InterDigital, Inc. will post 9.05 EPS for the current fiscal year.

InterDigital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th will be paid a $0.45 dividend. The ex-dividend date of this dividend is 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 dividend yield of 1.26%. InterDigital’s dividend payout ratio (DPR) is 26.47%.

InterDigital 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.