InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Swiss National Bank

Swiss National Bank lessened its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 0.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 49,100 shares of the Wireless communications provider’s stock after selling 200 shares during the quarter. Swiss National Bank owned about 0.19% of InterDigital worth $10,151,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. grew its holdings in InterDigital by 3.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 612,851 shares of the Wireless communications provider’s stock valued at $118,722,000 after buying an additional 21,319 shares during the last quarter. Reinhart Partners LLC. grew its holdings in InterDigital by 13.9% during the 1st quarter. Reinhart Partners LLC. now owns 410,442 shares of the Wireless communications provider’s stock valued at $84,859,000 after buying an additional 50,204 shares during the last quarter. Congress Asset Management Co. grew its holdings in InterDigital by 5.0% during the 1st quarter. Congress Asset Management Co. now owns 339,101 shares of the Wireless communications provider’s stock valued at $70,109,000 after buying an additional 16,040 shares during the last quarter. GAMMA Investing LLC grew its holdings in InterDigital by 31,724.6% during the 1st quarter. GAMMA Investing LLC now owns 299,788 shares of the Wireless communications provider’s stock valued at $619,810,000 after buying an additional 298,846 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in InterDigital by 1,451.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 299,326 shares of the Wireless communications provider’s stock valued at $57,986,000 after buying an additional 280,030 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

InterDigital Price Performance

Shares of NASDAQ:IDCC opened at $268.74 on Friday. InterDigital, Inc. has a one year low of $129.76 and a one year high of $277.95. The stock has a market cap of $6.93 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 1.64 and a beta of 1.37. The business’s fifty day moving average price is $235.97 and its two-hundred day moving average price is $217.53. 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 (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $3.75. InterDigital had a return on equity of 53.44% and a net margin of 51.92%. The business had revenue of $300.60 million for the quarter, compared to analysts’ expectations of $167.93 million. During the same quarter last year, the firm earned $4.57 earnings per share. The business’s revenue was up 34.5% on a year-over-year basis. On average, analysts forecast that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

InterDigital Dividend Announcement

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

Insider Buying and Selling at InterDigital

In other news, CTO Rajesh Pankaj sold 1,000 shares of the firm’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $224.58, for a total transaction of $224,580.00. Following the sale, the chief technology officer owned 76,580 shares in the company, valued at $17,198,336.40. This trade represents a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Samir Armaly sold 779 shares of the firm’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $226.52, for a total value of $176,459.08. Following the sale, the director owned 3,128 shares in the company, valued at $708,554.56. This trade represents a 19.94% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,062 shares of company stock valued at $920,853. 2.80% of the stock is currently owned by insiders.

InterDigital 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.