TD Private Client Wealth LLC Purchases 168 Shares of InterDigital, Inc. (NASDAQ:IDCC)

TD Private Client Wealth LLC grew its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 22.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 902 shares of the Wireless communications provider’s stock after buying an additional 168 shares during the quarter. TD Private Client Wealth LLC’s holdings in InterDigital were worth $128,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in IDCC. CWM LLC grew its stake in shares of InterDigital by 41.7% during the second quarter. CWM LLC now owns 635 shares of the Wireless communications provider’s stock valued at $74,000 after purchasing an additional 187 shares during the last quarter. Blue Trust Inc. grew its stake in shares of InterDigital by 31.3% during the second quarter. Blue Trust Inc. now owns 1,074 shares of the Wireless communications provider’s stock valued at $114,000 after purchasing an additional 256 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of InterDigital by 38.0% during the second quarter. Nisa Investment Advisors LLC now owns 396 shares of the Wireless communications provider’s stock valued at $46,000 after purchasing an additional 109 shares during the last quarter. Oak Family Advisors LLC bought a new stake in shares of InterDigital during the second quarter valued at approximately $571,000. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of InterDigital during the second quarter valued at approximately $29,000. 99.83% of the stock is owned by institutional investors.

InterDigital Trading Down 0.8 %

Shares of NASDAQ IDCC opened at $194.36 on Monday. The company’s 50 day simple moving average is $173.81 and its 200 day simple moving average is $144.16. InterDigital, Inc. has a fifty-two week low of $95.33 and a fifty-two week high of $203.90. The firm has a market capitalization of $4.93 billion, a P/E ratio of 20.76, a P/E/G ratio of 0.81 and a beta of 1.44. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.62 and a quick ratio of 1.62.

InterDigital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.80 annualized dividend and a yield of 0.93%. InterDigital’s dividend payout ratio is currently 19.23%.

Analyst Upgrades and Downgrades

Several analysts have recently commented 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 note on Wednesday, September 11th. StockNews.com cut shares of InterDigital from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

Insider Activity at InterDigital

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction on Monday, October 7th. The shares were 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 approximately $7,850,615.52. This trade represents a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John A. Kritzmacher sold 2,500 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $138.72, for a total transaction of $346,800.00. Following the completion of the sale, the director now owns 20,279 shares in the company, valued at approximately $2,813,102.88. This trade represents a 10.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,340 shares of company stock worth $472,253 over the last ninety days. Company insiders own 2.30% of the company’s stock.

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.