2,183 Shares in InterDigital, Inc. (NASDAQ:IDCC) Purchased by Duality Advisers LP

Duality Advisers LP bought a new position in shares of InterDigital, Inc. (NASDAQ:IDCC) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,183 shares of the Wireless communications provider’s stock, valued at approximately $237,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich bought a new position in InterDigital during the third quarter worth about $68,000. Parkside Financial Bank & Trust boosted its position in InterDigital by 12.2% during the third quarter. Parkside Financial Bank & Trust now owns 1,047 shares of the Wireless communications provider’s stock worth $84,000 after purchasing an additional 114 shares during the period. DekaBank Deutsche Girozentrale boosted its position in InterDigital by 12.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,280 shares of the Wireless communications provider’s stock worth $104,000 after purchasing an additional 143 shares during the period. Larson Financial Group LLC boosted its position in InterDigital by 14.7% during the third quarter. Larson Financial Group LLC now owns 2,165 shares of the Wireless communications provider’s stock worth $174,000 after purchasing an additional 278 shares during the period. Finally, Precision Wealth Strategies LLC bought a new position in InterDigital during the third quarter worth about $203,000. Institutional investors own 99.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IDCC. StockNews.com lowered shares of InterDigital from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Bank of America restated an “underperform” rating and issued a $100.00 price objective (down from $140.00) on shares of InterDigital in a research report on Monday, April 1st.

Insider Buying and Selling at InterDigital

In other InterDigital news, insider Eeva K. Hakoranta sold 699 shares of InterDigital stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $95.77, for a total transaction of $66,943.23. Following the completion of the sale, the insider now directly owns 29,984 shares in the company, valued at $2,871,567.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other InterDigital news, CTO Rajesh Pankaj sold 650 shares of InterDigital stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $95.33, for a total transaction of $61,964.50. Following the transaction, the chief technology officer now directly owns 64,939 shares of the company’s stock, valued at $6,190,634.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Eeva K. Hakoranta sold 699 shares of InterDigital stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $95.77, for a total transaction of $66,943.23. Following the transaction, the insider now directly owns 29,984 shares in the company, valued at $2,871,567.68. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

InterDigital Price Performance

IDCC stock opened at $100.71 on Friday. The firm has a 50 day moving average of $103.07 and a 200-day moving average of $99.76. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.05. InterDigital, Inc. has a 12 month low of $66.82 and a 12 month high of $119.86. The firm has a market capitalization of $2.56 billion, a P/E ratio of 13.43, a price-to-earnings-growth ratio of 0.82 and a beta of 1.34.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings data on Thursday, February 15th. The Wireless communications provider reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.16. InterDigital had a net margin of 38.95% and a return on equity of 37.77%. The company had revenue of $105.52 million during the quarter, compared to analyst estimates of $104.31 million. As a group, sell-side analysts predict that InterDigital, Inc. will post 7.02 earnings per share for the current fiscal year.

InterDigital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.59%. InterDigital’s payout ratio is presently 21.33%.

About InterDigital

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.