One Wealth Advisors LLC Has $697,000 Holdings in InterDigital, Inc. (NASDAQ:IDCC)

One Wealth Advisors LLC lifted its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,599 shares of the Wireless communications provider’s stock after purchasing an additional 64 shares during the quarter. One Wealth Advisors LLC’s holdings in InterDigital were worth $697,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Precision Wealth Strategies LLC acquired a new position in InterDigital during the fourth quarter worth $528,000. Caprock Group LLC raised its holdings in shares of InterDigital by 14.1% in the 4th quarter. Caprock Group LLC now owns 3,601 shares of the Wireless communications provider’s stock worth $698,000 after acquiring an additional 445 shares during the last quarter. Ridgepath Capital Management LLC bought a new position in InterDigital in the 4th quarter valued at about $244,000. OLD National Bancorp IN acquired a new position in InterDigital during the 4th quarter valued at about $228,000. Finally, R Squared Ltd bought a new stake in InterDigital during the 4th quarter worth approximately $70,000. 99.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other InterDigital news, insider Joshua D. Schmidt sold 140 shares of InterDigital stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $182.19, for a total value of $25,506.60. Following the sale, the insider now 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $204.13, for a total transaction of $142,891.00. Following the transaction, the chief technology officer now directly owns 52,997 shares of the company’s stock, valued at $10,818,277.61. This represents a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,622 shares of company stock worth $2,433,251. 2.30% of the stock is owned by company insiders.

InterDigital Trading Down 1.0 %

Shares of IDCC stock opened at $182.98 on Monday. 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 company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 2.08 and a beta of 1.44. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $207.08. The company has a 50-day simple moving average of $189.00 and a two-hundred day simple moving average of $160.95.

InterDigital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Wednesday, January 8th. InterDigital’s payout ratio is 19.23%.

Analysts Set New Price Targets

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

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.