2,460 Shares in InterDigital, Inc. (NASDAQ:IDCC) Purchased by J2 Capital Management Inc

J2 Capital Management Inc bought a new position in shares of InterDigital, Inc. (NASDAQ:IDCC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,460 shares of the Wireless communications provider’s stock, valued at approximately $477,000.

A number of other institutional investors have also made changes to their positions in the stock. DekaBank Deutsche Girozentrale raised its position in InterDigital by 71.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,258 shares of the Wireless communications provider’s stock valued at $493,000 after purchasing an additional 1,779 shares during the period. Envestnet Asset Management Inc. increased its position in shares of InterDigital by 164.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 117,826 shares of the Wireless communications provider’s stock valued at $13,734,000 after purchasing an additional 73,227 shares during the last quarter. Hsbc Holdings PLC raised its stake in InterDigital by 2.0% in the second quarter. Hsbc Holdings PLC now owns 8,461 shares of the Wireless communications provider’s stock valued at $988,000 after buying an additional 168 shares in the last quarter. Intech Investment Management LLC purchased a new stake in InterDigital during the 2nd quarter worth about $457,000. Finally, Pacer Advisors Inc. increased its holdings in shares of InterDigital by 51,337.0% in the 2nd quarter. Pacer Advisors Inc. now owns 743,265 shares of the Wireless communications provider’s stock valued at $86,635,000 after acquiring an additional 741,820 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Lawrence Liren Chen sold 5,891 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $195.34, for a total value of $1,150,747.94. Following the transaction, the chief executive officer now owns 164,543 shares of the company’s stock, valued at approximately $32,141,829.62. The trade was a 3.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joshua D. Schmidt sold 140 shares of the stock in a transaction on Tuesday, November 19th. The stock was 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 represents a 0.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,622 shares of company stock valued at $2,433,251. 2.30% of the stock is currently owned by company insiders.

InterDigital Stock Up 0.0 %

IDCC opened at $171.69 on Friday. The stock has a market capitalization of $4.35 billion, a P/E ratio of 18.34, a price-to-earnings-growth ratio of 2.11 and a beta of 1.44. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.62 and a current ratio of 1.62. InterDigital, Inc. has a one year low of $95.33 and a one year high of $207.08. The business’s 50-day simple moving average is $190.45 and its 200-day simple moving average is $156.75.

InterDigital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, January 8th. InterDigital’s dividend payout ratio is currently 19.23%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded InterDigital from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

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.