InterDigital, Inc. (NASDAQ:IDCC) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. increased its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 101.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 28,686 shares of the Wireless communications provider’s stock after purchasing an additional 14,427 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in InterDigital were worth $5,557,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Captrust Financial Advisors increased its stake in shares of InterDigital by 0.5% during the 3rd quarter. Captrust Financial Advisors now owns 13,876 shares of the Wireless communications provider’s stock valued at $1,965,000 after acquiring an additional 68 shares during the last quarter. Simplicity Wealth LLC increased its position in InterDigital by 1.5% during the third quarter. Simplicity Wealth LLC now owns 4,696 shares of the Wireless communications provider’s stock worth $665,000 after purchasing an additional 69 shares during the last quarter. Blue Trust Inc. raised its stake in InterDigital by 9.4% during the third quarter. Blue Trust Inc. now owns 1,175 shares of the Wireless communications provider’s stock worth $166,000 after purchasing an additional 101 shares during the period. Larson Financial Group LLC boosted its holdings in shares of InterDigital by 8.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,418 shares of the Wireless communications provider’s stock valued at $201,000 after purchasing an additional 116 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of InterDigital by 1.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,093 shares of the Wireless communications provider’s stock valued at $1,643,000 after buying an additional 153 shares during the period. 99.83% of the stock is owned by institutional investors and hedge funds.

InterDigital Trading Down 2.9 %

NASDAQ IDCC opened at $185.27 on Friday. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 0.95 and a beta of 1.44. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.62 and a current ratio of 1.62. InterDigital, Inc. has a one year low of $95.33 and a one year high of $207.08. The company’s 50 day moving average price is $190.01 and its 200 day moving average price is $153.95.

InterDigital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Wednesday, January 8th. InterDigital’s dividend payout ratio is presently 19.23%.

Wall Street Analyst Weigh In

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

Insider Activity at InterDigital

In other news, insider Joshua D. Schmidt sold 140 shares of InterDigital stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $182.19, for a total transaction of $25,506.60. Following the sale, the insider now owns 24,138 shares in the company, valued at $4,397,702.22. This trade represents a 0.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the company’s stock in a transaction 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 completion of the transaction, the chief technology officer now owns 52,997 shares of the company’s stock, valued at $10,818,277.61. This trade represents a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,622 shares of company stock worth $2,433,251. 2.30% of the stock is currently owned by corporate insiders.

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.