Segall Bryant & Hamill LLC Trims Position in InterDigital, Inc. (NASDAQ:IDCC)

Segall Bryant & Hamill LLC trimmed its position in InterDigital, Inc. (NASDAQ:IDCC) by 20.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,474 shares of the Wireless communications provider’s stock after selling 11,188 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.17% of InterDigital worth $6,016,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of IDCC. Vanguard Group Inc. increased its holdings in shares of InterDigital by 0.5% in the first quarter. Vanguard Group Inc. now owns 3,234,740 shares of the Wireless communications provider’s stock worth $344,370,000 after purchasing an additional 17,238 shares during the period. Disciplined Growth Investors Inc. MN increased its stake in InterDigital by 1.0% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,092,927 shares of the Wireless communications provider’s stock worth $127,392,000 after acquiring an additional 10,532 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of InterDigital by 51,337.0% during 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. Robeco Institutional Asset Management B.V. grew its holdings in shares of InterDigital by 28.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 214,783 shares of the Wireless communications provider’s stock worth $30,420,000 after purchasing an additional 48,137 shares in the last quarter. Finally, Reinhart Partners LLC. bought a new position in shares of InterDigital in the third quarter worth approximately $27,762,000. 99.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

IDCC has been the subject of a number of research reports. StockNews.com cut shares of InterDigital from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Roth Mkm increased their price objective on InterDigital from $146.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th.

InterDigital Stock Performance

InterDigital stock opened at $183.32 on Friday. The firm has a fifty day simple moving average of $155.84 and a two-hundred day simple moving average of $134.01. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.03. InterDigital, Inc. has a twelve month low of $95.33 and a twelve month high of $191.57. The company has a market capitalization of $4.65 billion, a PE ratio of 19.59, a P/E/G ratio of 0.77 and a beta of 1.38.

InterDigital Increases Dividend

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

Insiders Place Their Bets

In other InterDigital news, Director John A. Kritzmacher sold 2,500 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $138.72, for a total value of $346,800.00. Following the transaction, the director now owns 20,279 shares in the company, valued at approximately $2,813,102.88. The trade was a 10.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joshua D. Schmidt sold 140 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $182.19, for a total transaction of $25,506.60. Following the sale, the insider now 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. Insiders have sold 3,340 shares of company stock valued at $472,253 in the last ninety days. Company insiders own 2.30% of the company’s stock.

InterDigital 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.