Larson Financial Group LLC Purchases 116 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Larson Financial Group LLC boosted its position in InterDigital, Inc. (NASDAQ:IDCC) by 8.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,418 shares of the Wireless communications provider’s stock after acquiring an additional 116 shares during the period. Larson Financial Group LLC’s holdings in InterDigital were worth $201,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Disciplined Growth Investors Inc. MN lifted its position in InterDigital by 1.0% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,092,927 shares of the Wireless communications provider’s stock valued at $127,392,000 after purchasing an additional 10,532 shares during the period. Pacer Advisors Inc. lifted its holdings in InterDigital by 51,337.0% in the second quarter. Pacer Advisors Inc. now owns 743,265 shares of the Wireless communications provider’s stock valued at $86,635,000 after buying an additional 741,820 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in InterDigital by 28.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 214,783 shares of the Wireless communications provider’s stock valued at $30,420,000 after acquiring an additional 48,137 shares during the last quarter. Reinhart Partners LLC. acquired a new stake in InterDigital during the 3rd quarter worth $27,762,000. Finally, Emerald Advisers LLC raised its position in shares of InterDigital by 50.3% during the 3rd quarter. Emerald Advisers LLC now owns 180,987 shares of the Wireless communications provider’s stock valued at $25,633,000 after acquiring an additional 60,575 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, CTO Rajesh Pankaj sold 700 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $142.78, for a total transaction of $99,946.00. Following the sale, the chief technology officer now directly owns 54,984 shares in the company, valued at $7,850,615.52. This trade represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joshua D. Schmidt sold 140 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 24,138 shares of the company’s stock, valued at approximately $4,397,702.22. The trade was a 0.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,340 shares of company stock worth $472,253 in the last 90 days. Corporate insiders own 2.30% of the company’s stock.

InterDigital Price Performance

Shares of IDCC stock opened at $196.43 on Thursday. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 0.81 and a beta of 1.38. InterDigital, Inc. has a 12-month low of $95.33 and a 12-month high of $197.64. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average of $159.30 and a 200-day moving average of $136.26.

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 $0.45 dividend. This is an increase from InterDigital’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Wednesday, October 9th. InterDigital’s dividend payout ratio is 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.