InterDigital, Inc. (NASDAQ:IDCC) Stake Cut by Boston Trust Walden Corp

Boston Trust Walden Corp cut its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 21.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 499,718 shares of the Wireless communications provider’s stock after selling 134,207 shares during the quarter. Boston Trust Walden Corp owned 1.98% of InterDigital worth $70,775,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in shares of InterDigital by 51,337.0% during the 2nd 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. Reinhart Partners LLC. purchased a new stake in shares of InterDigital during the third quarter worth $27,762,000. Emerald Advisers LLC boosted its position in InterDigital by 127,997.9% during the second quarter. Emerald Advisers LLC now owns 120,412 shares of the Wireless communications provider’s stock valued at $14,035,000 after purchasing an additional 120,318 shares during the last quarter. International Assets Investment Management LLC grew its stake in InterDigital by 283,160.0% in the third quarter. International Assets Investment Management LLC now owns 113,304 shares of the Wireless communications provider’s stock valued at $16,047,000 after purchasing an additional 113,264 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its position in InterDigital by 473.5% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 96,469 shares of the Wireless communications provider’s stock worth $11,244,000 after purchasing an additional 79,648 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Stock Performance

IDCC traded down $0.06 on Friday, hitting $147.29. The company had a trading volume of 327,536 shares, compared to its average volume of 379,343. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 0.97 and a beta of 1.39. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.51 and a quick ratio of 1.51. The company’s fifty day moving average price is $141.18 and its 200 day moving average price is $124.16. InterDigital, Inc. has a 1-year low of $74.65 and a 1-year high of $157.50.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, August 1st. The Wireless communications provider reported $4.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $3.77. InterDigital had a net margin of 37.99% and a return on equity of 44.57%. The business had revenue of $223.49 million during the quarter, compared to the consensus estimate of $95.63 million. Equities analysts predict that InterDigital, Inc. will post 9.06 earnings per share for the current fiscal year.

InterDigital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th were paid a $0.45 dividend. The ex-dividend date was Wednesday, October 9th. This is a positive change from InterDigital’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.22%. InterDigital’s payout ratio is presently 18.11%.

Insider Buying and Selling

In other InterDigital news, Director John A. Kritzmacher sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $138.72, for a total value of $346,800.00. Following the sale, the director now owns 20,279 shares of the company’s stock, valued at $2,813,102.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CTO Rajesh Pankaj sold 700 shares of the company’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 completion of the transaction, the chief technology officer now directly owns 54,984 shares in the company, valued at $7,850,615.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John A. Kritzmacher sold 2,500 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was 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 in the company, valued at $2,813,102.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,205 shares of company stock valued at $716,218. Insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on IDCC shares. StockNews.com raised InterDigital from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th. Roth Mkm raised their price target on shares of InterDigital from $146.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, September 11th.

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.