Amalgamated Bank Has $1.05 Million Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Amalgamated Bank lowered its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 4.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,410 shares of the Wireless communications provider’s stock after selling 320 shares during the quarter. Amalgamated Bank’s holdings in InterDigital were worth $1,049,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Edgestream Partners L.P. grew its holdings in InterDigital by 118.5% during the 1st quarter. Edgestream Partners L.P. now owns 13,361 shares of the Wireless communications provider’s stock worth $1,422,000 after acquiring an additional 7,245 shares during the period. Russell Investments Group Ltd. increased its holdings in InterDigital by 294,025.0% in the first quarter. Russell Investments Group Ltd. now owns 11,765 shares of the Wireless communications provider’s stock valued at $1,253,000 after purchasing an additional 11,761 shares during the last quarter. Hancock Whitney Corp lifted its stake in InterDigital by 60.0% in the first quarter. Hancock Whitney Corp now owns 14,061 shares of the Wireless communications provider’s stock valued at $1,497,000 after buying an additional 5,273 shares during the period. Caxton Associates LP bought a new position in InterDigital during the first quarter worth about $768,000. Finally, Ritholtz Wealth Management grew its position in shares of InterDigital by 16.1% during the 3rd quarter. Ritholtz Wealth Management now owns 24,322 shares of the Wireless communications provider’s stock worth $3,445,000 after buying an additional 3,381 shares during the period. Institutional investors and hedge funds own 99.83% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Roth Mkm increased their price target on shares of InterDigital from $146.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. StockNews.com lowered shares of InterDigital from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

Insiders Place Their Bets

In related news, Director Derek K. Aberle sold 2,005 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 7,639 shares of the company’s stock, valued at approximately $1,026,681.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director John A. Kritzmacher sold 2,500 shares of the business’s 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 sale, the director now owns 20,279 shares of the company’s stock, valued at $2,813,102.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Derek K. Aberle sold 2,005 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $134.40, for a total transaction of $269,472.00. Following the completion of the transaction, the director now directly owns 7,639 shares of the company’s stock, valued at approximately $1,026,681.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,205 shares of company stock worth $716,218. Company insiders own 2.30% of the company’s stock.

InterDigital Stock Down 2.4 %

Shares of InterDigital stock opened at $184.42 on Thursday. The company has a market capitalization of $4.67 billion, a P/E ratio of 19.70, a price-to-earnings-growth ratio of 0.80 and a beta of 1.38. 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 business has a 50-day moving average of $149.80 and a two-hundred day moving average of $130.82. InterDigital, Inc. has a 1 year low of $91.15 and a 1 year high of $191.57.

InterDigital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th 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%. This is a boost from InterDigital’s previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, October 9th. InterDigital’s dividend payout ratio is presently 19.23%.

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.