Aubrey Capital Management Ltd Purchases 9,000 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Aubrey Capital Management Ltd raised its stake in InterDigital, Inc. (NASDAQ:IDCC) by 45.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,000 shares of the Wireless communications provider’s stock after acquiring an additional 9,000 shares during the period. InterDigital makes up 1.6% of Aubrey Capital Management Ltd’s portfolio, making the stock its 20th biggest position. Aubrey Capital Management Ltd owned approximately 0.12% of InterDigital worth $4,108,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity

In related news, CTO Rajesh Pankaj sold 700 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $142.78, for a total value of $99,946.00. Following the sale, the chief technology officer now directly owns 54,984 shares in the company, valued at $7,850,615.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other InterDigital news, Director Derek K. Aberle sold 2,005 shares of the stock in a transaction on Monday, August 19th. The stock was 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $142.78, for a total value of $99,946.00. Following the completion of the sale, the chief technology officer now directly owns 54,984 shares in the company, valued at $7,850,615.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,205 shares of company stock valued at $716,218. Company insiders own 2.30% of the company’s stock.

InterDigital Stock Performance

NASDAQ:IDCC opened at $184.42 on Thursday. InterDigital, Inc. has a 1-year low of $91.15 and a 1-year high of $191.57. The firm has a market cap of $4.67 billion, a PE ratio of 19.70, a P/E/G 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 firm has a 50 day simple moving average of $149.80 and a 200-day simple moving average of $130.82.

InterDigital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were issued a dividend of $0.45 per share. This is a positive change from InterDigital’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Wednesday, October 9th. InterDigital’s dividend payout ratio (DPR) is currently 19.23%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com downgraded InterDigital from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Roth Mkm raised their price objective 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.

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.