AXA raised its stake in InterDigital, Inc. (NASDAQ:IDCC) by 164.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,500 shares of the Wireless communications provider’s stock after buying an additional 42,600 shares during the period. AXA owned approximately 0.20% of InterDigital worth $5,216,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in InterDigital by 57.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,815 shares of the Wireless communications provider’s stock worth $138,000 after purchasing an additional 664 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in InterDigital by 3.4% during the third quarter. Cubist Systematic Strategies LLC now owns 24,420 shares of the Wireless communications provider’s stock valued at $1,801,000 after acquiring an additional 802 shares during the period. Victory Capital Management Inc. boosted its holdings in InterDigital by 52.2% during the third quarter. Victory Capital Management Inc. now owns 2,459 shares of the Wireless communications provider’s stock valued at $181,000 after acquiring an additional 843 shares during the period. ING Groep NV raised its position in shares of InterDigital by 23.2% during the fourth quarter. ING Groep NV now owns 5,238 shares of the Wireless communications provider’s stock valued at $399,000 after buying an additional 987 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of InterDigital by 1.7% during the fourth quarter. Swiss National Bank now owns 58,500 shares of the Wireless communications provider’s stock valued at $4,455,000 after buying an additional 1,000 shares during the last quarter. 74.16% of the stock is currently owned by institutional investors.
A number of research analysts have recently commented on IDCC shares. B. Riley reaffirmed a “buy” rating and set a $100.00 price objective on shares of InterDigital in a research report on Monday, December 4th. BidaskClub raised shares of InterDigital from a “strong sell” rating to a “sell” rating in a report on Monday, February 5th. Zacks Investment Research lowered shares of InterDigital from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Finally, Dougherty & Co raised shares of InterDigital from a “neutral” rating to a “buy” rating and set a $87.00 price target on the stock in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. InterDigital presently has an average rating of “Hold” and an average target price of $88.67.
InterDigital, Inc. (IDCC) traded down $1.00 on Friday, reaching $72.80. 4,920 shares of the company’s stock traded hands, compared to its average volume of 301,973. InterDigital, Inc. has a 12 month low of $67.55 and a 12 month high of $93.00. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $2,569.35, a price-to-earnings ratio of 15.15 and a beta of 0.99.
InterDigital (NASDAQ:IDCC) last issued its quarterly earnings data on Thursday, February 22nd. The Wireless communications provider reported $2.68 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $1.60. InterDigital had a net margin of 32.70% and a return on equity of 26.52%. The business had revenue of $205.30 million for the quarter, compared to analyst estimates of $191.42 million. During the same period last year, the business posted $3.85 earnings per share. The firm’s quarterly revenue was down 25.0% on a year-over-year basis. research analysts forecast that InterDigital, Inc. will post 1.58 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Monday, April 23rd will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, April 20th. InterDigital’s dividend payout ratio (DPR) is presently 28.75%.
In other news, EVP Scott A. Mcquilkin sold 500 shares of InterDigital stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $76.50, for a total value of $38,250.00. Following the completion of the transaction, the executive vice president now owns 78,881 shares of the company’s stock, valued at approximately $6,034,396.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 1,272 shares of company stock valued at $95,594. Insiders own 1.90% of the company’s stock.
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InterDigital, Inc designs and develops technologies for wireless communications. The Company is focused on three technology areas: cellular wireless technology, Internet of things (IoT) technology, and, through its Hillcrest Laboratories, Inc (Hillcrest Labs) subsidiary, sensor and sensor fusion technology.
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