InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 8.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,796 shares of the Wireless communications provider’s stock after selling 352 shares during the period. Mutual of America Capital Management LLC’s holdings in InterDigital were worth $538,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in shares of InterDigital by 51,337.0% during the 2nd quarter. Pacer Advisors Inc. now owns 743,265 shares of the Wireless communications provider’s stock valued at $86,635,000 after acquiring an additional 741,820 shares in the last quarter. Reinhart Partners LLC. acquired a new stake in InterDigital during the 3rd quarter valued at approximately $27,762,000. Emerald Advisers LLC increased its stake in shares of InterDigital by 127,997.9% in the second quarter. Emerald Advisers LLC now owns 120,412 shares of the Wireless communications provider’s stock worth $14,035,000 after buying an additional 120,318 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of InterDigital by 283,160.0% in the 3rd quarter. International Assets Investment Management LLC now owns 113,304 shares of the Wireless communications provider’s stock worth $16,047,000 after purchasing an additional 113,264 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its stake in InterDigital by 473.5% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 96,469 shares of the Wireless communications provider’s stock valued at $11,244,000 after buying an additional 79,648 shares in the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $142.78, for a total transaction of $99,946.00. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John A. Kritzmacher sold 2,500 shares of the 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 sale, the director now owns 20,279 shares in the company, valued at $2,813,102.88. The trade was a 10.98 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,340 shares of company stock worth $472,253. Company insiders own 2.30% of the company’s stock.

InterDigital Trading Up 1.1 %

Shares of IDCC stock opened at $195.98 on Wednesday. The company has a market cap of $4.97 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 0.80 and a beta of 1.38. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.03. InterDigital, Inc. has a 12 month low of $95.33 and a 12 month high of $196.45. The business’s 50 day moving average is $158.10 and its two-hundred day moving average is $135.63.

InterDigital Increases Dividend

The company also recently announced 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. The ex-dividend date was Wednesday, October 9th. This is an increase from InterDigital’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 0.92%. InterDigital’s dividend payout ratio (DPR) is 19.23%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IDCC. Roth Mkm raised their target price 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 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.