Thrivent Financial for Lutherans Sells 230 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Thrivent Financial for Lutherans trimmed its position in shares of InterDigital, Inc. (NASDAQ:IDCC – Get Rating) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,427 shares of the Wireless communications provider’s stock after selling 230 shares during the quarter. Thrivent Financial for Lutherans owned 0.10% of InterDigital worth $1,506,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of InterDigital by 1.5% during the first quarter. Vanguard Group Inc. now owns 3,411,704 shares of the Wireless communications provider’s stock worth $217,667,000 after purchasing an additional 49,177 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in InterDigital by 1.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 964,141 shares of the Wireless communications provider’s stock valued at $38,971,000 after acquiring an additional 14,546 shares in the last quarter. Renaissance Technologies LLC lifted its position in InterDigital by 1.1% in the 1st quarter. Renaissance Technologies LLC now owns 706,467 shares of the Wireless communications provider’s stock valued at $45,073,000 after acquiring an additional 7,993 shares in the last quarter. Boston Trust Walden Corp lifted its position in InterDigital by 13.2% in the 4th quarter. Boston Trust Walden Corp now owns 615,013 shares of the Wireless communications provider’s stock valued at $30,431,000 after acquiring an additional 71,477 shares in the last quarter. Finally, Capital Management Corp VA lifted its position in InterDigital by 20.9% in the 4th quarter. Capital Management Corp VA now owns 398,159 shares of the Wireless communications provider’s stock valued at $19,701,000 after acquiring an additional 68,960 shares in the last quarter. 83.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. TheStreet raised shares of InterDigital from a “c+” rating to a “b” rating in a research report on Monday, January 23rd. Bank of America upgraded shares of InterDigital from a “neutral” rating to a “buy” rating and lifted their price target for the company from $55.00 to $105.00 in a research note on Wednesday, May 10th. William Blair started coverage on shares of InterDigital in a research note on Thursday, January 26th. They issued an “outperform” rating on the stock. Finally, StockNews.com started coverage on shares of InterDigital in a research note on Thursday. They issued a “buy” rating on the stock. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $92.50.

InterDigital Stock Up 0.1 %

InterDigital stock opened at $84.38 on Monday. The firm has a market capitalization of $2.26 billion, a PE ratio of 13.86, a P/E/G ratio of 1.00 and a beta of 1.22. The company’s 50-day moving average is $74.28 and its 200-day moving average is $64.66. InterDigital, Inc. has a fifty-two week low of $40.23 and a fifty-two week high of $86.27. The company has a debt-to-equity ratio of 0.97, a current ratio of 4.70 and a quick ratio of 4.70.

InterDigital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 12th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, April 11th. This represents a $1.40 annualized dividend and a dividend yield of 1.66%. InterDigital’s dividend payout ratio is presently 22.99%.

Insider Transactions at InterDigital

In other news, insider Eeva K. Hakoranta sold 766 shares of the business’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $73.05, for a total transaction of $55,956.30. Following the transaction, the insider now directly owns 20,200 shares in the company, valued at approximately $1,475,610. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Eeva K. Hakoranta sold 766 shares of the business’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $73.05, for a total transaction of $55,956.30. Following the transaction, the insider now directly owns 20,200 shares in the company, valued at approximately $1,475,610. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eeva K. Hakoranta sold 1,137 shares of InterDigital stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $72.83, for a total transaction of $82,807.71. Following the sale, the insider now directly owns 18,552 shares of the company’s stock, valued at approximately $1,351,142.16. The disclosure for this sale can be found here. Insiders have sold 28,476 shares of company stock worth $2,138,966 in the last ninety days. Insiders own 1.20% of the company’s stock.

InterDigital Profile

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InterDigital, Inc engages in the design and development of technologies that enable and enhance wireless communications, and capabilities. It focuses on mobile technology and devices, which includes cellular wireless technology, Internet of Things, technology, video coding & transmission, sensor and sensor fusion technology.