Victory Capital Management Inc. Sells 119,829 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Victory Capital Management Inc. lessened its stake in InterDigital, Inc. (NASDAQ:IDCCFree Report) by 85.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,339 shares of the Wireless communications provider’s stock after selling 119,829 shares during the period. Victory Capital Management Inc. owned approximately 0.08% of InterDigital worth $1,632,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its position in InterDigital by 1.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 15,909 shares of the Wireless communications provider’s stock worth $967,000 after buying an additional 214 shares during the last quarter. Creative Planning lifted its holdings in shares of InterDigital by 2.3% in the 4th quarter. Creative Planning now owns 10,087 shares of the Wireless communications provider’s stock worth $499,000 after acquiring an additional 229 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of InterDigital by 8.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,852 shares of the Wireless communications provider’s stock valued at $141,000 after purchasing an additional 234 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of InterDigital by 0.3% during the 2nd quarter. Legal & General Group Plc now owns 88,629 shares of the Wireless communications provider’s stock valued at $5,389,000 after purchasing an additional 249 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in InterDigital by 5.3% in the 1st quarter. ProShare Advisors LLC now owns 4,937 shares of the Wireless communications provider’s stock worth $360,000 after purchasing an additional 250 shares during the period. Institutional investors own 94.98% of the company’s stock.

Insider Buying and Selling at InterDigital

In other news, insider Joshua D. Schmidt sold 682 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were 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 in the company, valued at $1,844,600. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CTO Rajesh Pankaj sold 650 shares of the company’s stock in a transaction that occurred 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 transaction, the chief technology officer now owns 56,487 shares in the company, valued at $5,869,564.17. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Joshua D. Schmidt sold 682 shares of InterDigital stock in a transaction on Wednesday, November 22nd. The shares were 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 owns 18,446 shares in the company, valued at approximately $1,844,600. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,668 shares of company stock worth $171,942. 1.50% of the stock is currently owned by company insiders.

InterDigital Stock Down 0.0 %

Shares of InterDigital stock opened at $103.96 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.82 and a current ratio of 2.82. InterDigital, Inc. has a 52-week low of $66.82 and a 52-week high of $111.79. The company’s 50 day moving average price is $106.07 and its 200-day moving average price is $92.47. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 1.10 and a beta of 1.34.

InterDigital Announces Dividend

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

Analyst Ratings Changes

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

Get Our Latest Report on IDCC

About InterDigital

(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.

See Also

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Institutional Ownership by Quarter for InterDigital (NASDAQ:IDCC)

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