Bridgewater Associates LP Grows Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Bridgewater Associates LP grew its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 6.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,840 shares of the Wireless communications provider’s stock after acquiring an additional 1,423 shares during the period. Bridgewater Associates LP owned 0.09% of InterDigital worth $3,235,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Transcendent Capital Group LLC bought a new stake in shares of InterDigital during the 3rd quarter valued at $25,000. V Square Quantitative Management LLC purchased a new stake in shares of InterDigital in the third quarter worth about $26,000. 1620 Investment Advisors Inc. bought a new position in shares of InterDigital in the second quarter valued at approximately $29,000. GAMMA Investing LLC grew its stake in InterDigital by 50.8% during the second quarter. GAMMA Investing LLC now owns 368 shares of the Wireless communications provider’s stock valued at $43,000 after acquiring an additional 124 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in 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. 99.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on IDCC. Roth Mkm boosted their price target on shares of InterDigital from $146.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. StockNews.com cut InterDigital from a “buy” rating to a “hold” rating in a research report on Monday, November 4th.

InterDigital Stock Down 0.2 %

Shares of NASDAQ:IDCC opened at $195.96 on Friday. The firm has a market capitalization of $4.97 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 0.82 and a beta of 1.38. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.62 and a current ratio of 1.62. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $199.79. The firm has a fifty day moving average of $162.85 and a 200 day moving average of $137.72.

InterDigital Increases Dividend

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

Insider Activity

In other InterDigital news, Director John A. Kritzmacher sold 2,500 shares of the business’s stock in a transaction 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 completion of the sale, the director now directly owns 20,279 shares of the company’s stock, valued at $2,813,102.88. The trade was a 10.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction, the chief technology officer now directly owns 54,984 shares in the company, valued at $7,850,615.52. This trade represents a 1.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,340 shares of company stock worth $472,253. 2.30% 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.