Segall Bryant & Hamill LLC Sells 11,188 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Segall Bryant & Hamill LLC cut its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 20.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,474 shares of the Wireless communications provider’s stock after selling 11,188 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in InterDigital were worth $6,016,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caprock Group LLC boosted its position in shares of InterDigital by 8.9% during the third quarter. Caprock Group LLC now owns 3,156 shares of the Wireless communications provider’s stock worth $447,000 after acquiring an additional 257 shares during the last quarter. Natixis Advisors LLC bought a new stake in InterDigital in the third quarter worth $1,427,000. Aubrey Capital Management Ltd lifted its position in InterDigital by 45.0% during the third quarter. Aubrey Capital Management Ltd now owns 29,000 shares of the Wireless communications provider’s stock valued at $4,108,000 after purchasing an additional 9,000 shares during the last quarter. Versor Investments LP bought a new stake in shares of InterDigital in the 3rd quarter worth about $1,091,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of InterDigital during the 3rd quarter valued at about $25,000. 99.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

IDCC has been the subject of several recent research reports. Roth Mkm lifted their price target on InterDigital from $146.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. StockNews.com lowered InterDigital from a “buy” rating to a “hold” rating in a research report on Monday, November 4th.

Insider Activity

In other news, Director John A. Kritzmacher sold 2,500 shares of the business’s 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 transaction, the director now directly owns 20,279 shares of the company’s stock, valued at approximately $2,813,102.88. The trade was a 10.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Rajesh Pankaj sold 700 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $142.78, for a total value of $99,946.00. Following the sale, the chief technology officer now directly owns 54,984 shares in the company, valued at approximately $7,850,615.52. The trade was a 1.26 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,340 shares of company stock worth $472,253. Company insiders own 2.30% of the company’s stock.

InterDigital Price Performance

Shares of IDCC stock opened at $183.32 on Friday. The company has a market capitalization of $4.65 billion, a P/E ratio of 19.59, a P/E/G ratio of 0.77 and a beta of 1.38. The company’s 50-day simple moving average is $155.84 and its two-hundred day simple moving average is $134.01. InterDigital, Inc. has a one year low of $95.33 and a one year high of $191.57. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.62 and a quick ratio of 1.62.

InterDigital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th were given a dividend of $0.45 per share. This is an increase from InterDigital’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.98%. InterDigital’s dividend payout ratio is presently 19.23%.

InterDigital Company 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.