Shell Asset Management Co. Has $633,000 Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Shell Asset Management Co. decreased its position in InterDigital, Inc. (NASDAQ:IDCCFree Report) by 1.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,886 shares of the Wireless communications provider’s stock after selling 135 shares during the period. Shell Asset Management Co.’s holdings in InterDigital were worth $633,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in IDCC. Advisor Group Holdings Inc. raised its holdings in InterDigital by 24.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 5,751 shares of the Wireless communications provider’s stock valued at $358,000 after acquiring an additional 1,133 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in InterDigital by 44.5% in the 1st quarter. JPMorgan Chase & Co. now owns 68,729 shares of the Wireless communications provider’s stock valued at $4,385,000 after acquiring an additional 21,169 shares in the last quarter. MetLife Investment Management LLC raised its holdings in InterDigital by 55.6% in the 1st quarter. MetLife Investment Management LLC now owns 16,043 shares of the Wireless communications provider’s stock valued at $1,024,000 after acquiring an additional 5,731 shares in the last quarter. Rhumbline Advisers raised its holdings in InterDigital by 2.7% in the 1st quarter. Rhumbline Advisers now owns 91,875 shares of the Wireless communications provider’s stock valued at $5,862,000 after acquiring an additional 2,458 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in InterDigital by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,447 shares of the Wireless communications provider’s stock valued at $1,687,000 after acquiring an additional 3,260 shares in the last quarter. Institutional investors and hedge funds own 94.98% of the company’s stock.

Insider Transactions at InterDigital

In related news, insider Joshua D. Schmidt sold 682 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $100.00, for a total transaction of $68,200.00. Following the completion of the sale, the insider now directly owns 18,446 shares of the company’s stock, valued at approximately $1,844,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CTO Rajesh Pankaj sold 650 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $103.91, for a total transaction of $67,541.50. Following the completion of the sale, the chief technology officer now directly owns 56,487 shares of the company’s stock, valued at approximately $5,869,564.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joshua D. Schmidt sold 682 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $100.00, for a total value of $68,200.00. Following the sale, the insider now directly owns 18,446 shares of the company’s stock, valued at $1,844,600. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,668 shares of company stock valued at $171,942. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised InterDigital from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th.

Check Out Our Latest Stock Analysis on IDCC

InterDigital Trading Down 0.0 %

Shares of IDCC opened at $103.96 on Friday. InterDigital, Inc. has a 1 year low of $66.82 and a 1 year high of $111.79. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.83. The stock has a 50 day simple moving average of $106.07 and a 200-day simple moving average of $92.47. The stock has a market cap of $2.67 billion, a PE ratio of 14.50, a PEG ratio of 1.10 and a beta of 1.34.

InterDigital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.54%. InterDigital’s payout ratio is presently 22.32%.

InterDigital Profile

(Free Report)

InterDigital, Inc operates as a global research and development company with focus primarily on wireless, visual, and related technologies. It designs and develops technologies that enable connected in a range of communications and entertainment products and services. It licenses or intend to license its innovations to companies providing products and services, including wireless communications, consumer electronics, personal computer, and automotive, as well as cloud-based services, such as video streaming.

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Institutional Ownership by Quarter for InterDigital (NASDAQ:IDCC)

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