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

InterDigital, Inc. (NASDAQ:IDCC) insider Joshua D. Schmidt sold 140 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 24,138 shares of the company’s stock, valued at approximately $4,397,702.22. This represents a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

InterDigital Price Performance

Shares of NASDAQ:IDCC opened at $182.90 on Wednesday. The stock’s 50 day moving average price is $153.82 and its 200 day moving average price is $133.32. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 0.77 and a beta of 1.38. InterDigital, Inc. has a 12 month low of $95.33 and a 12 month high of $191.57.

InterDigital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th were issued a $0.45 dividend. This is a positive change from InterDigital’s previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, October 9th. This represents a $1.80 annualized dividend and a dividend yield of 0.98%. InterDigital’s dividend payout ratio is 19.23%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Roth Mkm boosted their price target on InterDigital from $146.00 to $160.00 and gave the stock a “buy” rating in a research 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.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IDCC. Pacer Advisors Inc. boosted its position in shares of InterDigital by 51,337.0% during the 2nd 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 in the last quarter. Reinhart Partners LLC. bought a new stake in InterDigital during the third quarter worth approximately $27,762,000. Emerald Advisers LLC grew its position in 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 buying an additional 120,318 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of 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 buying an additional 113,264 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its position in shares of 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 acquiring an additional 79,648 shares during the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

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.