Chiron Investment Management LLC Buys 1,319 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Chiron Investment Management LLC increased its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 138.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,272 shares of the Wireless communications provider’s stock after buying an additional 1,319 shares during the period. Chiron Investment Management LLC’s holdings in InterDigital were worth $322,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Transcendent Capital Group LLC bought a new stake in shares of InterDigital during the third quarter worth approximately $25,000. V Square Quantitative Management LLC acquired a new stake in InterDigital during the 3rd quarter worth approximately $26,000. 1620 Investment Advisors Inc. bought a new stake in InterDigital in the 2nd quarter valued at $29,000. Nisa Investment Advisors LLC grew its holdings in 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 buying an additional 109 shares in the last quarter. Finally, CWM LLC increased its position in InterDigital by 41.7% during the 2nd quarter. CWM LLC now owns 635 shares of the Wireless communications provider’s stock worth $74,000 after buying an additional 187 shares during the period. Institutional investors and hedge funds own 99.83% of the company’s stock.

InterDigital Price Performance

Shares of NASDAQ IDCC opened at $193.71 on Wednesday. The business has a fifty day moving average price of $170.76 and a two-hundred day moving average price of $142.40. The stock has a market capitalization of $4.91 billion, a PE ratio of 20.70, a P/E/G ratio of 0.82 and a beta of 1.44. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.62 and a quick ratio of 1.62. InterDigital, Inc. has a fifty-two week low of $95.33 and a fifty-two week high of $203.90.

InterDigital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors 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 yield of 0.93%. The ex-dividend date is Wednesday, January 8th. InterDigital’s dividend payout ratio (DPR) is presently 19.23%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports 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 boosted their price objective on shares of InterDigital from $146.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, September 11th.

Insider Buying and Selling

In other InterDigital news, Director John A. Kritzmacher sold 2,500 shares of the company’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 directly owns 20,279 shares in the company, valued at $2,813,102.88. This represents a 10.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Rajesh Pankaj sold 700 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $142.78, for a total value of $99,946.00. Following the completion of the sale, the chief technology officer now directly owns 54,984 shares in the company, valued at approximately $7,850,615.52. This represents a 1.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,340 shares of company stock valued at $472,253 over the last quarter. 2.30% of the stock is owned by company 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.