Personal Capital Advisors Corp Buys 7,864 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Personal Capital Advisors Corp raised its stake in InterDigital, Inc. (NASDAQ:IDCCGet Rating) by 4.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 176,065 shares of the Wireless communications provider’s stock after acquiring an additional 7,864 shares during the period. Personal Capital Advisors Corp owned about 0.57% of InterDigital worth $11,233,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cornerstone Advisory LLC bought a new stake in InterDigital in the fourth quarter valued at $29,000. Confluence Wealth Services Inc. bought a new stake in InterDigital in the fourth quarter valued at $43,000. Eaton Vance Management grew its position in InterDigital by 13.2% in the fourth quarter. Eaton Vance Management now owns 2,201 shares of the Wireless communications provider’s stock valued at $73,000 after acquiring an additional 256 shares during the period. Lazard Asset Management LLC grew its position in InterDigital by 13.0% in the fourth quarter. Lazard Asset Management LLC now owns 1,305 shares of the Wireless communications provider’s stock valued at $93,000 after acquiring an additional 150 shares during the period. Finally, Profund Advisors LLC grew its position in InterDigital by 8.3% in the first quarter. Profund Advisors LLC now owns 3,382 shares of the Wireless communications provider’s stock valued at $216,000 after acquiring an additional 258 shares during the period. 86.92% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Eeva K. Hakoranta sold 1,595 shares of the company’s stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $61.44, for a total transaction of $97,996.80. Following the transaction, the insider now owns 20,608 shares of the company’s stock, valued at $1,266,155.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Eeva K. Hakoranta sold 1,595 shares of the company’s stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $61.44, for a total transaction of $97,996.80. Following the transaction, the insider now owns 20,608 shares of the company’s stock, valued at $1,266,155.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Pierre-Yves Lesaicherre sold 1,700 shares of the company’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $55.50, for a total value of $94,350.00. Following the transaction, the director now directly owns 5,378 shares in the company, valued at approximately $298,479. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

InterDigital Price Performance

Shares of IDCC stock opened at $47.81 on Monday. The stock’s fifty day moving average is $56.77 and its 200-day moving average is $60.26. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.45 and a current ratio of 4.45. The stock has a market capitalization of $1.42 billion, a PE ratio of 17.08, a PEG ratio of 0.87 and a beta of 1.03. InterDigital, Inc. has a 52 week low of $45.20 and a 52 week high of $74.27.

InterDigital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Tuesday, October 11th. InterDigital’s dividend payout ratio (DPR) is presently 50.00%.

Analyst Upgrades and Downgrades

IDCC has been the topic of several research analyst reports. StockNews.com cut InterDigital from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Bank of America initiated coverage on InterDigital in a report on Wednesday, August 3rd. They set an “underperform” rating and a $60.00 target price on the stock.

About InterDigital

(Get Rating)

InterDigital, Inc, together with its subsidiaries, designs and develops technologies that enable and enhance wireless communications in the United States, China, South Korea, Japan, Taiwan, and Europe. It provides technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G, 5G, and IEEE 802-related products and networks.

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Institutional Ownership by Quarter for InterDigital (NASDAQ:IDCC)

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