USA Financial Formulas Purchases Shares of 676 InterDigital, Inc. (NASDAQ:IDCC)

USA Financial Formulas bought a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC) during the 4th quarter, HoldingsChannel reports. The firm bought 676 shares of the Wireless communications provider’s stock, valued at approximately $131,000.

Other large investors have also added to or reduced their stakes in the company. Choreo LLC purchased a new stake in shares of InterDigital during the second quarter worth about $214,000. DekaBank Deutsche Girozentrale increased its holdings in InterDigital by 71.8% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,258 shares of the Wireless communications provider’s stock worth $493,000 after purchasing an additional 1,779 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of InterDigital by 164.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 117,826 shares of the Wireless communications provider’s stock valued at $13,734,000 after purchasing an additional 73,227 shares in the last quarter. Edgestream Partners L.P. boosted its stake in shares of InterDigital by 38.7% during the 2nd quarter. Edgestream Partners L.P. now owns 18,533 shares of the Wireless communications provider’s stock valued at $2,160,000 after buying an additional 5,172 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of InterDigital by 2.0% in the 2nd quarter. Hsbc Holdings PLC now owns 8,461 shares of the Wireless communications provider’s stock worth $988,000 after purchasing an additional 168 shares during the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at InterDigital

In other InterDigital news, CEO Lawrence Liren Chen sold 5,891 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $189.12, for a total transaction of $1,114,105.92. Following the completion of the sale, the chief executive officer now directly owns 158,652 shares in the company, valued at $30,004,266.24. This represents a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $25,506.60. Following the completion of the sale, the insider now owns 24,138 shares in the company, valued at approximately $4,397,702.22. The trade was a 0.58 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,622 shares of company stock worth $2,433,251. 2.30% of the stock is currently owned by company insiders.

InterDigital Trading Down 2.3 %

Shares of IDCC stock opened at $171.68 on Friday. InterDigital, Inc. has a fifty-two week low of $95.33 and a fifty-two week high of $207.08. The stock has a market capitalization of $4.35 billion, a P/E ratio of 18.34, a P/E/G ratio of 2.11 and a beta of 1.44. The stock has a 50-day simple moving average of $190.67 and a 200 day simple moving average of $156.10. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.03.

InterDigital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.80 annualized dividend and a yield of 1.05%. InterDigital’s dividend payout ratio (DPR) is presently 19.23%.

Analysts Set New Price Targets

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

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.