Joshua D. Schmidt Sells 140 Shares of InterDigital, Inc. (NASDAQ:IDCC) Stock

InterDigital, Inc. (NASDAQ:IDCC) insider Joshua D. Schmidt sold 140 shares of InterDigital stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $182.19, for a total transaction of $25,506.60. Following the sale, the insider now directly owns 24,138 shares of the company’s stock, valued at $4,397,702.22. The trade was a 0.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

InterDigital Stock Down 0.3 %

IDCC stock opened at $182.29 on Thursday. The company has a market cap of $4.62 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 0.77 and a beta of 1.38. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.03. InterDigital, Inc. has a 52 week low of $95.33 and a 52 week high of $191.57. The business has a 50-day simple moving average of $154.82 and a 200 day simple moving average of $133.67.

InterDigital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th were given a dividend of $0.45 per share. This is an increase from InterDigital’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Wednesday, October 9th. InterDigital’s dividend payout ratio is currently 19.23%.

Institutional Investors Weigh In On InterDigital

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Transcendent Capital Group LLC bought a new position in shares of InterDigital in the 3rd quarter valued at $25,000. V Square Quantitative Management LLC acquired a new stake in InterDigital in the third quarter valued at $26,000. 1620 Investment Advisors Inc. acquired a new position in InterDigital during the 2nd quarter worth about $29,000. GAMMA Investing LLC raised its holdings in InterDigital by 50.8% during the 2nd quarter. GAMMA Investing LLC now owns 368 shares of the Wireless communications provider’s stock worth $43,000 after purchasing an additional 124 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of InterDigital by 38.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 396 shares of the Wireless communications provider’s stock valued at $46,000 after purchasing an additional 109 shares during the last quarter. 99.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on IDCC. Roth Mkm upped their price objective on InterDigital from $146.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. StockNews.com downgraded shares of InterDigital from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

InterDigital Company 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.