InterDigital, Inc. (NASDAQ:IDCC) Stock Holdings Lifted by Aubrey Capital Management Ltd

Aubrey Capital Management Ltd lifted its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 45.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 29,000 shares of the Wireless communications provider’s stock after acquiring an additional 9,000 shares during the quarter. InterDigital comprises 1.6% of Aubrey Capital Management Ltd’s holdings, making the stock its 20th biggest position. Aubrey Capital Management Ltd’s holdings in InterDigital were worth $4,108,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of IDCC. Versor Investments LP acquired a new stake in InterDigital during the 3rd quarter worth about $1,091,000. Transcendent Capital Group LLC acquired a new stake in shares of InterDigital during the third quarter valued at approximately $25,000. Covestor Ltd lifted its position in shares of InterDigital by 701.7% in the 3rd quarter. Covestor Ltd now owns 922 shares of the Wireless communications provider’s stock valued at $131,000 after acquiring an additional 807 shares in the last quarter. Assetmark Inc. boosted its stake in InterDigital by 5.9% in the 3rd quarter. Assetmark Inc. now owns 18,977 shares of the Wireless communications provider’s stock worth $2,688,000 after purchasing an additional 1,060 shares during the period. Finally, CWA Asset Management Group LLC purchased a new position in InterDigital during the 3rd quarter worth approximately $1,007,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Price Performance

Shares of IDCC opened at $184.42 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market cap of $4.67 billion, a PE ratio of 19.70, a PEG ratio of 0.80 and a beta of 1.38. InterDigital, Inc. has a twelve month low of $91.15 and a twelve month high of $191.57. The firm’s 50 day moving average price is $149.80 and its 200 day moving average price is $130.82.

InterDigital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders 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 an increase from InterDigital’s previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, October 9th. InterDigital’s dividend payout ratio is presently 19.23%.

Insiders Place Their Bets

In related news, Director Derek K. Aberle sold 2,005 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.40, for a total value of $269,472.00. Following the completion of the sale, the director now directly owns 7,639 shares in the company, valued at approximately $1,026,681.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other InterDigital news, Director Derek K. Aberle sold 2,005 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $134.40, for a total transaction of $269,472.00. Following the completion of the sale, the director now directly owns 7,639 shares in the company, valued at $1,026,681.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John A. Kritzmacher sold 2,500 shares of InterDigital stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $138.72, for a total value of $346,800.00. Following the completion of the transaction, the director now owns 20,279 shares in the company, valued at $2,813,102.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,205 shares of company stock valued at $716,218 over the last quarter. Insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

IDCC has been the topic of a number of research analyst reports. StockNews.com downgraded InterDigital from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Roth Mkm upped their target price on InterDigital from $146.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, September 11th.

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.