InterDigital, Inc. (NASDAQ:IDCC) Shares Bought by Duality Advisers LP

Duality Advisers LP increased its stake in InterDigital, Inc. (NASDAQ:IDCC) by 1,380.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,320 shares of the Wireless communications provider’s stock after purchasing an additional 30,137 shares during the quarter. Duality Advisers LP owned 0.13% of InterDigital worth $3,441,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Riverwater Partners LLC increased its holdings in InterDigital by 0.7% during the 4th quarter. Riverwater Partners LLC now owns 13,555 shares of the Wireless communications provider’s stock valued at $1,471,000 after acquiring an additional 96 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of InterDigital by 11.6% during the 4th quarter. Quadrant Capital Group LLC now owns 990 shares of the Wireless communications provider’s stock worth $107,000 after purchasing an additional 103 shares during the last quarter. AlphaMark Advisors LLC boosted its stake in shares of InterDigital by 4.3% during the 4th quarter. AlphaMark Advisors LLC now owns 3,038 shares of the Wireless communications provider’s stock worth $330,000 after purchasing an additional 125 shares during the last quarter. Juncture Wealth Strategies LLC boosted its stake in shares of InterDigital by 2.6% during the 1st quarter. Juncture Wealth Strategies LLC now owns 9,809 shares of the Wireless communications provider’s stock worth $1,044,000 after purchasing an additional 246 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its position in shares of InterDigital by 0.9% in the fourth quarter. New York State Teachers Retirement System now owns 28,896 shares of the Wireless communications provider’s stock worth $3,136,000 after acquiring an additional 262 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Insider Buying and Selling

In other InterDigital news, Director John D. Jr. Markley sold 750 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $115.28, for a total transaction of $86,460.00. Following the completion of the sale, the director now owns 12,202 shares in the company, valued at $1,406,646.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CTO Rajesh Pankaj sold 650 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $103.87, for a total transaction of $67,515.50. Following the completion of the transaction, the chief technology officer now owns 64,517 shares of the company’s stock, valued at $6,701,380.79. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John D. Jr. Markley sold 750 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $115.28, for a total transaction of $86,460.00. Following the transaction, the director now directly owns 12,202 shares of the company’s stock, valued at approximately $1,406,646.56. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on IDCC. Jefferies Financial Group reissued a “hold” rating and issued a $100.00 target price (down from $106.00) on shares of InterDigital in a research report on Monday, May 13th. StockNews.com cut shares of InterDigital from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, Bank of America reaffirmed an “underperform” rating and set a $100.00 price target (down from $140.00) on shares of InterDigital in a research report on Monday, April 1st.

InterDigital Stock Down 0.6 %

Shares of IDCC traded down $0.72 during mid-day trading on Friday, reaching $121.47. 155,586 shares of the stock traded hands, compared to its average volume of 482,088. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 17.93, a P/E/G ratio of 1.05 and a beta of 1.42. The stock has a fifty day simple moving average of $113.93 and a 200 day simple moving average of $107.46. InterDigital, Inc. has a 12-month low of $74.65 and a 12-month high of $124.01. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.04.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, May 2nd. The Wireless communications provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $0.06. The company had revenue of $263.54 million for the quarter, compared to analyst estimates of $250.15 million. InterDigital had a net margin of 31.18% and a return on equity of 32.57%. Sell-side analysts expect that InterDigital, Inc. will post 6.65 EPS for the current fiscal year.

InterDigital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.32%. InterDigital’s dividend payout ratio (DPR) is presently 23.53%.

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.