Signaturefd LLC Has $118,000 Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Signaturefd LLC decreased its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 15.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,088 shares of the Wireless communications provider’s stock after selling 200 shares during the period. Signaturefd LLC’s holdings in InterDigital were worth $118,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Robeco Institutional Asset Management B.V. lifted its stake in shares of InterDigital by 8.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 374,348 shares of the Wireless communications provider’s stock worth $30,038,000 after buying an additional 28,176 shares during the last quarter. Brown Advisory Inc. raised its stake in InterDigital by 0.8% during the 3rd quarter. Brown Advisory Inc. now owns 36,839 shares of the Wireless communications provider’s stock valued at $2,956,000 after purchasing an additional 299 shares during the last quarter. New York State Teachers Retirement System grew its position in InterDigital by 2.1% in the 3rd quarter. New York State Teachers Retirement System now owns 28,634 shares of the Wireless communications provider’s stock worth $2,298,000 after purchasing an additional 596 shares during the last quarter. Inspire Advisors LLC acquired a new position in shares of InterDigital during the third quarter valued at about $356,000. Finally, Inspire Investing LLC lifted its stake in shares of InterDigital by 17.9% in the third quarter. Inspire Investing LLC now owns 3,839 shares of the Wireless communications provider’s stock valued at $308,000 after buying an additional 582 shares during the period. 99.83% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CTO Rajesh Pankaj sold 650 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $95.33, for a total value of $61,964.50. Following the completion of the sale, the chief technology officer now owns 64,939 shares of the company’s stock, valued at $6,190,634.87. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Eeva K. Hakoranta sold 699 shares of InterDigital stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $95.77, for a total transaction of $66,943.23. Following the completion of the sale, the insider now owns 29,984 shares in the company, valued at approximately $2,871,567.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Rajesh Pankaj sold 650 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $95.33, for a total transaction of $61,964.50. Following the completion of the transaction, the chief technology officer now owns 64,939 shares in the company, valued at $6,190,634.87. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

InterDigital Stock Performance

Shares of NASDAQ:IDCC opened at $100.94 on Tuesday. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 0.82 and a beta of 1.34. The business’s fifty day moving average price is $102.42 and its two-hundred day moving average price is $100.29. InterDigital, Inc. has a fifty-two week low of $66.82 and a fifty-two week high of $119.86. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.33 and a quick ratio of 1.33.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings data on Thursday, February 15th. The Wireless communications provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.16. InterDigital had a net margin of 38.95% and a return on equity of 37.77%. The firm had revenue of $105.52 million for the quarter, compared to analysts’ expectations of $104.31 million. As a group, analysts predict that InterDigital, Inc. will post 7.02 EPS for the current fiscal year.

InterDigital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.59%. InterDigital’s dividend payout ratio is 21.33%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Bank of America reaffirmed an “underperform” rating and issued a $100.00 price target (down previously from $140.00) on shares of InterDigital in a report on Monday, April 1st. StockNews.com raised shares of InterDigital from a “hold” rating to a “buy” rating in a report on Monday.

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.