Vanguard Group Inc. Has $681.15 Million Stock Position in InterDigital, Inc. (NASDAQ:IDCC)

Vanguard Group Inc. lowered its stake in InterDigital, Inc. (NASDAQ:IDCC) by 0.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,294,537 shares of the Wireless communications provider’s stock after selling 5,372 shares during the period. Vanguard Group Inc. owned 12.70% of InterDigital worth $681,146,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of InterDigital by 3.6% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 612,851 shares of the Wireless communications provider’s stock worth $118,722,000 after purchasing an additional 21,319 shares during the period. Reinhart Partners LLC. lifted its holdings in shares of InterDigital by 13.9% during the first quarter. Reinhart Partners LLC. now owns 410,442 shares of the Wireless communications provider’s stock worth $84,859,000 after purchasing an additional 50,204 shares during the period. Congress Asset Management Co. lifted its holdings in shares of InterDigital by 5.0% during the first quarter. Congress Asset Management Co. now owns 339,101 shares of the Wireless communications provider’s stock worth $70,109,000 after purchasing an additional 16,040 shares during the period. GAMMA Investing LLC lifted its holdings in shares of InterDigital by 31,724.6% during the first quarter. GAMMA Investing LLC now owns 299,788 shares of the Wireless communications provider’s stock worth $619,810,000 after purchasing an additional 298,846 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of InterDigital by 1,451.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 299,326 shares of the Wireless communications provider’s stock worth $57,986,000 after purchasing an additional 280,030 shares during the period. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insider Buying and Selling at InterDigital

In related news, Director John A. Kritzmacher sold 519 shares of InterDigital stock in a transaction on Monday, June 9th. The shares were sold at an average price of $226.65, for a total transaction of $117,631.35. Following the completion of the transaction, the director owned 19,774 shares of the company’s stock, valued at $4,481,777.10. This trade represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Rajesh Pankaj sold 1,000 shares of InterDigital stock in a transaction on Monday, July 7th. The shares were sold at an average price of $224.58, for a total transaction of $224,580.00. Following the completion of the sale, the chief technology officer directly owned 76,580 shares of the company’s stock, valued at approximately $17,198,336.40. This trade represents a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,062 shares of company stock valued at $920,853 over the last three months. 2.80% of the stock is currently owned by corporate insiders.

InterDigital Price Performance

Shares of NASDAQ:IDCC opened at $276.11 on Thursday. The firm has a market cap of $7.12 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 1.67 and a beta of 1.37. The firm’s fifty day moving average is $234.28 and its 200-day moving average is $216.29. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.96 and a current ratio of 1.96. InterDigital, Inc. has a 52 week low of $129.76 and a 52 week high of $277.95.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $3.75. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The company had revenue of $300.60 million for the quarter, compared to analyst estimates of $167.93 million. During the same quarter in the previous year, the business earned $4.57 earnings per share. InterDigital’s revenue was up 34.5% compared to the same quarter last year. Sell-side analysts predict that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, July 9th. InterDigital’s dividend payout ratio (DPR) is currently 17.11%.

About InterDigital

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.