Clark Estates Inc. NY Sells 2,250 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Clark Estates Inc. NY trimmed its position in InterDigital, Inc. (NASDAQ:IDCC) by 7.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 27,750 shares of the Wireless communications provider’s stock after selling 2,250 shares during the period. InterDigital comprises 0.7% of Clark Estates Inc. NY’s investment portfolio, making the stock its 25th biggest position. Clark Estates Inc. NY owned approximately 0.11% of InterDigital worth $3,930,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new position in shares of InterDigital in the third quarter valued at approximately $25,000. V Square Quantitative Management LLC bought a new position in InterDigital during the third quarter valued at $26,000. 1620 Investment Advisors Inc. purchased a new stake in InterDigital in the second quarter worth $29,000. GAMMA Investing LLC raised its stake in shares of InterDigital by 50.8% in the second quarter. GAMMA Investing LLC now owns 368 shares of the Wireless communications provider’s stock valued at $43,000 after buying an additional 124 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in shares of InterDigital by 38.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 396 shares of the Wireless communications provider’s stock worth $46,000 after acquiring an additional 109 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Stock Up 1.1 %

IDCC stock opened at $195.98 on Wednesday. InterDigital, Inc. has a twelve month low of $95.33 and a twelve month high of $196.45. The firm has a market capitalization of $4.97 billion, a PE ratio of 20.94, a PEG ratio of 0.81 and a beta of 1.38. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.03. The stock has a 50-day simple moving average of $158.10 and a two-hundred day simple moving average of $135.63.

InterDigital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Wednesday, October 9th. This is a positive change from InterDigital’s previous quarterly dividend of $0.40. InterDigital’s dividend payout ratio is 19.23%.

Wall Street Analyst Weigh In

IDCC has been the topic of several recent research reports. Roth Mkm upped their price objective on shares of InterDigital from $146.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. StockNews.com downgraded shares of InterDigital from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

Insiders Place Their Bets

In related news, Director John A. Kritzmacher sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $138.72, for a total value of $346,800.00. Following the transaction, the director now directly owns 20,279 shares in the company, valued at approximately $2,813,102.88. This represents a 10.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joshua D. Schmidt sold 140 shares of InterDigital stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $182.19, for a total transaction of $25,506.60. Following the sale, the insider now owns 24,138 shares of the company’s stock, valued at approximately $4,397,702.22. The trade was a 0.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,340 shares of company stock worth $472,253 in the last three months. 2.30% of the stock is currently owned by corporate insiders.

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.