Leuthold Group LLC Takes Position in InterDigital, Inc. (NASDAQ:IDCC)

Leuthold Group LLC bought a new stake in InterDigital, Inc. (NASDAQ:IDCC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,143 shares of the Wireless communications provider’s stock, valued at approximately $415,000.

A number of other large investors also recently modified their holdings of IDCC. Transcendent Capital Group LLC bought a new position in shares of InterDigital in the third quarter valued at approximately $25,000. Global Retirement Partners LLC lifted its holdings in shares of InterDigital by 504.5% in the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock valued at $26,000 after purchasing an additional 111 shares in the last quarter. Mendota Financial Group LLC lifted its holdings in shares of InterDigital by 14,500.0% in the fourth quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock valued at $57,000 after purchasing an additional 290 shares in the last quarter. R Squared Ltd bought a new position in shares of InterDigital in the fourth quarter valued at approximately $70,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of InterDigital by 58.8% in the third quarter. Nisa Investment Advisors LLC now owns 629 shares of the Wireless communications provider’s stock valued at $89,000 after purchasing an additional 233 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.

Wall Street Analysts Forecast Growth

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

InterDigital Stock Performance

Shares of IDCC opened at $211.40 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 1.57 and a beta of 1.44. The stock has a 50 day moving average of $192.19 and a 200 day moving average of $169.13. InterDigital, Inc. has a 12 month low of $95.33 and a 12 month high of $218.76.

InterDigital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.14%. This is an increase from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, April 9th. InterDigital’s dividend payout ratio (DPR) is presently 19.93%.

Insider Activity at InterDigital

In other InterDigital news, insider Eeva K. Hakoranta sold 350 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total value of $75,078.50. Following the sale, the insider now directly owns 30,537 shares in the company, valued at $6,550,491.87. The trade was a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Richard Brezski sold 9,602 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $215.21, for a total value of $2,066,446.42. Following the completion of the sale, the chief financial officer now owns 102,555 shares in the company, valued at approximately $22,070,861.55. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,134 shares of company stock valued at $4,678,770. 2.30% of the stock is owned by insiders.

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.