InterDigital, Inc. (NASDAQ:IDCC) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 41.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 942 shares of the Wireless communications provider’s stock after buying an additional 275 shares during the period. GAMMA Investing LLC’s holdings in InterDigital were worth $182,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IDCC. Pacer Advisors Inc. increased its stake in shares of InterDigital by 51,337.0% in the second quarter. Pacer Advisors Inc. now owns 743,265 shares of the Wireless communications provider’s stock worth $86,635,000 after buying an additional 741,820 shares during the last quarter. Reinhart Partners LLC. acquired a new position in InterDigital during the 3rd quarter worth $27,762,000. 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. Envestnet Asset Management Inc. raised its stake in shares of InterDigital by 164.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 117,826 shares of the Wireless communications provider’s stock valued at $13,734,000 after purchasing an additional 73,227 shares in the last quarter. Finally, Emerald Advisers LLC raised its stake in shares of InterDigital by 50.3% in the 3rd quarter. Emerald Advisers LLC now owns 180,987 shares of the Wireless communications provider’s stock valued at $25,633,000 after purchasing an additional 60,575 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insider Transactions at InterDigital

In related news, CEO Lawrence Liren Chen sold 5,891 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $189.12, for a total value of $1,114,105.92. Following the completion of the transaction, the chief executive officer now owns 158,652 shares in the company, valued at $30,004,266.24. This represents a 3.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Joshua D. Schmidt sold 140 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $182.19, for a total transaction of $25,506.60. Following the sale, the insider now owns 24,138 shares in the company, valued at $4,397,702.22. This trade represents a 0.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,622 shares of company stock worth $2,433,251. 2.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

InterDigital Trading Up 2.0 %

NASDAQ IDCC opened at $190.78 on Thursday. The firm has a market capitalization of $4.84 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44. InterDigital, Inc. has a one year low of $95.33 and a one year high of $207.08. The company has a 50-day simple moving average of $189.21 and a 200-day simple moving average of $153.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.62 and a current ratio of 1.62.

InterDigital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Wednesday, January 8th. InterDigital’s dividend payout ratio (DPR) is presently 19.23%.

About InterDigital

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.