Victory Capital Management Inc. lowered its position in shares of InterDigital, Inc. (NASDAQ:IDCC – Free Report) by 44.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 15,446 shares of the Wireless communications provider’s stock after selling 12,311 shares during the quarter. Victory Capital Management Inc.’s holdings in InterDigital were worth $2,188,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of IDCC. Transcendent Capital Group LLC purchased a new stake in shares of InterDigital in the third quarter worth about $25,000. V Square Quantitative Management LLC acquired a new stake in shares of InterDigital during the third quarter worth approximately $26,000. 1620 Investment Advisors Inc. acquired a new position in InterDigital during the 2nd quarter worth $29,000. GAMMA Investing LLC grew its stake in InterDigital by 50.8% in the second quarter. GAMMA Investing LLC now owns 368 shares of the Wireless communications provider’s stock worth $43,000 after purchasing an additional 124 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in InterDigital by 38.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 396 shares of the Wireless communications provider’s stock worth $46,000 after buying an additional 109 shares during the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.
InterDigital Trading Up 3.7 %
NASDAQ:IDCC opened at $190.12 on Monday. InterDigital, Inc. has a 1 year low of $95.33 and a 1 year high of $191.57. The business has a fifty day moving average of $156.92 and a 200-day moving average of $135.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 0.78 and a beta of 1.38.
InterDigital Increases Dividend
Analysts Set New Price Targets
Several analysts have weighed in on IDCC shares. StockNews.com lowered shares of InterDigital from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Roth Mkm upped their price objective on InterDigital from $146.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th.
Insider Buying and Selling at InterDigital
In related news, insider Joshua D. Schmidt sold 140 shares of InterDigital stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $182.19, for a total value of $25,506.60. Following the transaction, the insider now owns 24,138 shares of the company’s stock, valued at approximately $4,397,702.22. This trade represents a 0.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John A. Kritzmacher sold 2,500 shares of InterDigital stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $138.72, for a total transaction of $346,800.00. Following the completion of the transaction, the director now directly owns 20,279 shares in the company, valued at approximately $2,813,102.88. This trade represents a 10.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,340 shares of company stock valued at $472,253. 2.30% of the stock is owned by corporate insiders.
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.
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