Swiss National Bank Has $6.98 Million Position in InterDigital, Inc. (NASDAQ:IDCC)

Swiss National Bank trimmed its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,300 shares of the Wireless communications provider’s stock after selling 900 shares during the quarter. Swiss National Bank’s holdings in InterDigital were worth $6,982,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Transcendent Capital Group LLC acquired a new stake in shares of InterDigital during the third quarter valued at about $25,000. V Square Quantitative Management LLC bought a new stake in InterDigital during the 3rd quarter worth approximately $26,000. 1620 Investment Advisors Inc. bought a new stake in InterDigital during the 2nd quarter worth approximately $29,000. GAMMA Investing LLC increased its position in InterDigital by 50.8% in the 2nd quarter. GAMMA Investing LLC now owns 368 shares of the Wireless communications provider’s stock valued at $43,000 after acquiring an additional 124 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of InterDigital by 38.0% during the second quarter. Nisa Investment Advisors LLC now owns 396 shares of the Wireless communications provider’s stock valued at $46,000 after acquiring an additional 109 shares during the last quarter. Institutional investors own 99.83% of the company’s stock.

InterDigital Trading Up 1.1 %

NASDAQ:IDCC opened at $195.98 on Wednesday. InterDigital, Inc. has a 52 week low of $95.33 and a 52 week high of $196.45. The firm’s fifty day moving average is $158.10 and its 200-day moving average is $135.63. The firm has a market cap of $4.97 billion, a P/E ratio of 20.94, a P/E/G ratio of 0.80 and a beta of 1.38. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were issued a dividend of $0.45 per share. 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%. The ex-dividend date of this dividend was Wednesday, October 9th. InterDigital’s dividend payout ratio (DPR) is presently 19.23%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on IDCC. Roth Mkm boosted their price objective on shares of InterDigital from $146.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. StockNews.com cut InterDigital from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

Insiders Place Their Bets

In other InterDigital news, insider Joshua D. Schmidt sold 140 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $182.19, for a total transaction of $25,506.60. Following the transaction, the insider now directly owns 24,138 shares in the company, valued at approximately $4,397,702.22. This represents a 0.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John A. Kritzmacher sold 2,500 shares of InterDigital stock in a transaction on Friday, September 20th. The shares were sold at an average price of $138.72, for a total transaction of $346,800.00. Following the completion of the sale, the director now owns 20,279 shares of the company’s stock, valued at $2,813,102.88. This represents a 10.98 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,340 shares of company stock worth $472,253. Company insiders own 2.30% of the company’s stock.

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.