LRI Investments LLC Makes New $129,000 Investment in InterDigital, Inc. (NASDAQ:IDCC)

LRI Investments LLC purchased a new position in InterDigital, Inc. (NASDAQ:IDCC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 914 shares of the Wireless communications provider’s stock, valued at approximately $129,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IDCC. CWM LLC lifted its stake in InterDigital by 41.7% during the 2nd quarter. CWM LLC now owns 635 shares of the Wireless communications provider’s stock valued at $74,000 after acquiring an additional 187 shares during the period. AlphaMark Advisors LLC grew its position in InterDigital by 11.7% in the 2nd quarter. AlphaMark Advisors LLC now owns 3,134 shares of the Wireless communications provider’s stock worth $365,000 after purchasing an additional 329 shares during the period. Blue Trust Inc. raised its stake in InterDigital by 31.3% during the 2nd quarter. Blue Trust Inc. now owns 1,074 shares of the Wireless communications provider’s stock valued at $114,000 after buying an additional 256 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of InterDigital by 38.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 396 shares of the Wireless communications provider’s stock valued at $46,000 after buying an additional 109 shares during the period. Finally, Oak Family Advisors LLC purchased a new position in shares of InterDigital in the 2nd quarter worth $571,000. 99.83% of the stock is owned by institutional investors.

InterDigital Price Performance

Shares of InterDigital stock opened at $193.71 on Wednesday. The stock’s fifty day moving average is $170.76 and its 200 day moving average is $142.40. InterDigital, Inc. has a one year low of $95.33 and a one year high of $203.90. 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 stock has a market cap of $4.91 billion, a P/E ratio of 20.70, a P/E/G ratio of 0.82 and a beta of 1.44.

InterDigital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.93%. InterDigital’s dividend payout ratio (DPR) is presently 19.23%.

Insider Buying and Selling

In other InterDigital news, 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 value 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 represents a 10.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joshua D. Schmidt sold 140 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were 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 in the company, 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. In the last ninety days, insiders sold 3,340 shares of company stock valued at $472,253. 2.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

IDCC has been the subject of a number of research reports. Roth Mkm upped 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. StockNews.com lowered shares of InterDigital from a “buy” rating to a “hold” rating in a research report on Monday, November 4th.

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.