Mendota Financial Group LLC Increases Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Mendota Financial Group LLC raised its stake in InterDigital, Inc. (NASDAQ:IDCC) by 14,500.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 292 shares of the Wireless communications provider’s stock after buying an additional 290 shares during the quarter. Mendota Financial Group LLC’s holdings in InterDigital were worth $57,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of InterDigital from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

Insider Buying and Selling at InterDigital

In other InterDigital news, insider Joshua D. Schmidt sold 140 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $182.19, for a total value of $25,506.60. Following the completion of the sale, the insider now owns 24,138 shares of the company’s stock, valued at approximately $4,397,702.22. This trade represents a 0.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lawrence Liren Chen sold 5,891 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $195.34, for a total transaction of $1,150,747.94. Following the transaction, the chief executive officer now directly owns 164,543 shares in the company, valued at approximately $32,141,829.62. This trade represents a 3.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,622 shares of company stock valued at $2,433,251. 2.30% of the stock is owned by company insiders.

InterDigital Stock Performance

Shares of IDCC stock opened at $179.83 on Tuesday. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $207.08. The stock’s 50-day moving average price is $190.68 and its 200 day moving average price is $155.42. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $4.56 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44.

InterDigital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th will be given a $0.45 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.80 dividend on an annualized basis and a yield of 1.00%. InterDigital’s dividend payout ratio (DPR) is 19.23%.

InterDigital 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.