Inspire Investing LLC Increases Position in InterDigital, Inc. (NASDAQ:IDCC)

Inspire Investing LLC increased its stake in InterDigital, Inc. (NASDAQ:IDCC) by 280.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,039 shares of the Wireless communications provider’s stock after purchasing an additional 8,141 shares during the quarter. Inspire Investing LLC’s holdings in InterDigital were worth $2,138,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Captrust Financial Advisors increased its holdings in shares of InterDigital by 0.5% in the 3rd quarter. Captrust Financial Advisors now owns 13,876 shares of the Wireless communications provider’s stock valued at $1,965,000 after purchasing an additional 68 shares in the last quarter. Simplicity Wealth LLC increased its holdings in shares of InterDigital by 1.5% in the 3rd quarter. Simplicity Wealth LLC now owns 4,696 shares of the Wireless communications provider’s stock valued at $665,000 after purchasing an additional 69 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of InterDigital by 9.4% in the 3rd quarter. Blue Trust Inc. now owns 1,175 shares of the Wireless communications provider’s stock valued at $166,000 after purchasing an additional 101 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of InterDigital by 8.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,418 shares of the Wireless communications provider’s stock valued at $201,000 after purchasing an additional 116 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of InterDigital by 1.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,093 shares of the Wireless communications provider’s stock valued at $1,643,000 after purchasing an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Price Performance

Shares of NASDAQ IDCC opened at $172.39 on Thursday. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.96 and a beta of 1.44. InterDigital, Inc. has a 52 week low of $95.33 and a 52 week high of $207.08. The company’s 50-day moving average price is $189.54 and its 200 day moving average price is $157.86. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.03.

InterDigital Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Wednesday, January 8th. This represents a $1.80 annualized dividend and a dividend yield of 1.04%. InterDigital’s dividend payout ratio is currently 19.23%.

Insiders Place Their Bets

In related news, insider Joshua D. Schmidt sold 140 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $182.19, for a total value of $25,506.60. Following the sale, the insider now directly owns 24,138 shares of the company’s stock, valued at approximately $4,397,702.22. This trade represents a 0.58 % 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, CTO Rajesh Pankaj sold 700 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $204.13, for a total transaction of $142,891.00. Following the completion of the sale, the chief technology officer now directly owns 52,997 shares in the company, valued at $10,818,277.61. This represents a 1.30 % 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 valued at $2,433,251 in the last ninety days. Insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of 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.