Boston Trust Walden Corp Decreases Position in InterDigital, Inc. (NASDAQ:IDCC)

Boston Trust Walden Corp reduced its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 44.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 277,571 shares of the Wireless communications provider’s stock after selling 222,147 shares during the period. Boston Trust Walden Corp’s holdings in InterDigital were worth $53,771,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Reinhart Partners LLC. acquired a new stake in shares of InterDigital in the third quarter worth approximately $27,762,000. International Assets Investment Management LLC boosted its stake in InterDigital by 283,160.0% during the 3rd quarter. International Assets Investment Management LLC now owns 113,304 shares of the Wireless communications provider’s stock worth $16,047,000 after purchasing an additional 113,264 shares during the last quarter. Emerald Advisers LLC grew its holdings in shares of InterDigital by 50.3% during the third quarter. Emerald Advisers LLC now owns 180,987 shares of the Wireless communications provider’s stock worth $25,633,000 after buying an additional 60,575 shares in the last quarter. Robeco Institutional Asset Management B.V. raised 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 buying an additional 48,137 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN lifted its stake in shares of InterDigital by 3.6% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,132,818 shares of the Wireless communications provider’s stock worth $160,441,000 after buying an additional 39,891 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

InterDigital Stock Down 1.0 %

Shares of IDCC opened at $182.98 on Monday. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $207.08. 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 fifty day simple moving average of $189.00 and a two-hundred day simple moving average of $160.95. The company has a market capitalization of $4.64 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 2.08 and a beta of 1.44.

InterDigital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Wednesday, January 8th. InterDigital’s dividend payout ratio (DPR) is presently 19.23%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut 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, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction on Monday, January 6th. The stock was sold at an average price of $204.13, for a total value of $142,891.00. Following the sale, the chief technology officer now owns 52,997 shares in the company, valued at $10,818,277.61. The trade was a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lawrence Liren Chen sold 5,891 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $195.34, for a total value of $1,150,747.94. Following the transaction, the chief executive officer now owns 164,543 shares of the company’s stock, valued at approximately $32,141,829.62. This represents a 3.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,622 shares of company stock worth $2,433,251 in the last ninety days. 2.30% of the stock is owned by insiders.

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.