Flagship Harbor Advisors LLC Purchases Shares of 1,746 InterDigital, Inc. (NASDAQ:IDCC)

Flagship Harbor Advisors LLC bought a new stake in InterDigital, Inc. (NASDAQ:IDCC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,746 shares of the Wireless communications provider’s stock, valued at approximately $338,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Natixis Advisors LLC acquired a new position in shares of InterDigital during the third quarter worth about $1,427,000. Kovitz Investment Group Partners LLC purchased a new stake in shares of InterDigital during the third quarter valued at approximately $380,000. Reinhart Partners LLC. lifted its position in shares of InterDigital by 83.8% during the fourth quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock worth $69,785,000 after purchasing an additional 164,223 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of InterDigital by 16.1% in the third quarter. Ritholtz Wealth Management now owns 24,322 shares of the Wireless communications provider’s stock valued at $3,445,000 after purchasing an additional 3,381 shares during the period. Finally, Olympiad Research LP acquired a new stake in InterDigital during the 3rd quarter valued at $475,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at InterDigital

In other news, CEO Lawrence Liren Chen sold 5,891 shares of InterDigital stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $195.34, for a total value of $1,150,747.94. Following the completion of the transaction, the chief executive officer now directly owns 164,543 shares of the company’s stock, valued at approximately $32,141,829.62. The trade was a 3.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joshua D. Schmidt sold 140 shares of the 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 approximately $4,397,702.22. This trade represents a 0.58 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,622 shares of company stock valued at $2,433,251. Insiders own 2.30% of the company’s stock.

InterDigital Stock Down 0.6 %

Shares of NASDAQ:IDCC opened at $180.14 on Thursday. The firm has a market cap of $4.56 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 1.97 and a beta of 1.44. The company has a fifty day simple moving average of $189.12 and a 200 day simple moving average of $159.83. The company has a current ratio of 1.62, a quick 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 $207.08.

InterDigital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th were paid a $0.45 dividend. The ex-dividend date was Wednesday, January 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.00%. InterDigital’s dividend payout ratio (DPR) is presently 19.23%.

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.