Icon Wealth Advisors LLC Has $1.29 Million Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Icon Wealth Advisors LLC raised its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 161.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 9,140 shares of the Wireless communications provider’s stock after acquiring an additional 5,640 shares during the quarter. Icon Wealth Advisors LLC’s holdings in InterDigital were worth $1,294,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of IDCC. Pacer Advisors Inc. increased its holdings in InterDigital by 51,337.0% in the second quarter. Pacer Advisors Inc. now owns 743,265 shares of the Wireless communications provider’s stock valued at $86,635,000 after purchasing an additional 741,820 shares during the period. Reinhart Partners LLC. bought a new position in shares of InterDigital during the third quarter worth about $27,762,000. Emerald Advisers LLC lifted its stake in shares of InterDigital by 127,997.9% in the second quarter. Emerald Advisers LLC now owns 120,412 shares of the Wireless communications provider’s stock worth $14,035,000 after acquiring an additional 120,318 shares during the period. International Assets Investment Management LLC boosted its holdings 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 acquiring an additional 113,264 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its position in InterDigital by 473.5% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 96,469 shares of the Wireless communications provider’s stock valued at $11,244,000 after purchasing an additional 79,648 shares during the period. Institutional investors own 99.83% of the company’s stock.

Insider Activity

In other InterDigital news, insider Joshua D. Schmidt sold 140 shares of the company’s stock in a transaction 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 transaction, the insider now owns 24,138 shares in the company, valued at approximately $4,397,702.22. This represents a 0.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $142.78, for a total transaction of $99,946.00. Following the transaction, the chief technology officer now owns 54,984 shares of the company’s stock, valued at $7,850,615.52. This represents a 1.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,340 shares of company stock worth $472,253. Company insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IDCC. StockNews.com cut shares of InterDigital from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Roth Mkm increased their price target on InterDigital from $146.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th.

InterDigital Price Performance

InterDigital stock opened at $190.12 on Friday. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 0.78 and a beta of 1.38. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $191.57. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.62 and a current ratio of 1.62. The stock’s 50 day moving average price is $156.92 and its two-hundred day moving average price is $134.60.

InterDigital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were paid a $0.45 dividend. This is an increase from InterDigital’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.95%. The ex-dividend date was Wednesday, October 9th. InterDigital’s payout ratio is 19.23%.

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.