Greenleaf Trust Purchases Shares of 1,517 InterDigital, Inc. (NASDAQ:IDCC)

Greenleaf Trust acquired a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,517 shares of the Wireless communications provider’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new position in InterDigital during the 3rd quarter worth approximately $26,000. 1620 Investment Advisors Inc. acquired a new stake in InterDigital in the 2nd quarter valued at $29,000. GAMMA Investing LLC increased its stake in InterDigital by 50.8% during the 2nd quarter. GAMMA Investing LLC now owns 368 shares of the Wireless communications provider’s stock valued at $43,000 after purchasing an additional 124 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in InterDigital by 38.0% during the second quarter. Nisa Investment Advisors LLC now owns 396 shares of the Wireless communications provider’s stock worth $46,000 after buying an additional 109 shares during the last quarter. Finally, Palisade Asset Management LLC bought a new position in shares of InterDigital in the first quarter valued at $64,000. Institutional investors own 99.83% of the company’s stock.

Insider Activity

In related news, Director Derek K. Aberle sold 2,005 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $134.40, for a total value of $269,472.00. Following the transaction, the director now directly owns 7,639 shares of the company’s stock, valued at approximately $1,026,681.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Derek K. Aberle sold 2,005 shares of InterDigital stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $134.40, for a total value of $269,472.00. Following the sale, the director now owns 7,639 shares of the company’s stock, valued at approximately $1,026,681.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John A. Kritzmacher sold 2,500 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $138.72, for a total value of $346,800.00. Following the transaction, the director now directly owns 20,279 shares of the company’s stock, valued at approximately $2,813,102.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,205 shares of company stock valued at $716,218 in the last ninety days. 2.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on IDCC. StockNews.com upgraded shares of InterDigital from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. 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.

InterDigital Stock Down 0.0 %

IDCC opened at $147.29 on Friday. InterDigital, Inc. has a fifty-two week low of $74.65 and a fifty-two week high of $157.50. The firm has a market capitalization of $3.70 billion, a P/E ratio of 14.82, a PEG ratio of 0.97 and a beta of 1.39. The company’s 50-day moving average is $141.18 and its 200 day moving average is $124.35. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.51 and a quick ratio of 1.51.

InterDigital (NASDAQ:IDCC) last posted its earnings results on Thursday, August 1st. The Wireless communications provider reported $4.20 EPS for the quarter, topping the consensus estimate of $0.43 by $3.77. The firm had revenue of $223.49 million for the quarter, compared to analysts’ expectations of $95.63 million. InterDigital had a net margin of 37.99% and a return on equity of 44.57%. Research analysts expect that InterDigital, Inc. will post 9.06 earnings per share for the current fiscal year.

InterDigital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Wednesday, October 9th. This is an increase from InterDigital’s previous quarterly dividend of $0.40. InterDigital’s dividend payout ratio is 18.11%.

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.