Larson Financial Group LLC Acquires 116 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Larson Financial Group LLC increased its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 8.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,418 shares of the Wireless communications provider’s stock after acquiring an additional 116 shares during the period. Larson Financial Group LLC’s holdings in InterDigital were worth $201,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Disciplined Growth Investors Inc. MN grew its stake in InterDigital by 1.0% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,092,927 shares of the Wireless communications provider’s stock valued at $127,392,000 after buying an additional 10,532 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of 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 last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of InterDigital by 28.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 214,783 shares of the Wireless communications provider’s stock valued at $30,420,000 after purchasing an additional 48,137 shares during the last quarter. Reinhart Partners LLC. bought a new position in shares of InterDigital in the third quarter worth about $27,762,000. Finally, Emerald Advisers LLC lifted its position in shares of InterDigital by 50.3% during the 3rd quarter. Emerald Advisers LLC now owns 180,987 shares of the Wireless communications provider’s stock worth $25,633,000 after purchasing an additional 60,575 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insider Transactions at InterDigital

In related news, insider Joshua D. Schmidt sold 140 shares of the company’s stock in a transaction dated 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 $4,397,702.22. This represents a 0.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John A. Kritzmacher sold 2,500 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were 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 owns 20,279 shares of the company’s stock, valued at $2,813,102.88. The trade was a 10.98 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,340 shares of company stock valued at $472,253. Corporate insiders own 2.30% of the company’s stock.

InterDigital Stock Up 0.2 %

NASDAQ IDCC opened at $196.43 on Thursday. InterDigital, Inc. has a 1-year low of $95.33 and a 1-year high of $197.64. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average is $159.30 and its two-hundred day moving average is $136.26. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 0.81 and a beta of 1.38.

InterDigital Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.92%. This is a boost from InterDigital’s previous quarterly dividend of $0.40. InterDigital’s dividend payout ratio (DPR) is 19.23%.

Analyst Ratings Changes

IDCC has been the topic of a number of research analyst reports. Roth Mkm raised their target price on InterDigital from $146.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. StockNews.com lowered InterDigital from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

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.