InterDigital, Inc. (NASDAQ:IDCC) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its stake in InterDigital, Inc. (NASDAQ:IDCC) by 101.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,686 shares of the Wireless communications provider’s stock after purchasing an additional 14,427 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.11% of InterDigital worth $5,557,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Pacer Advisors Inc. increased its stake in InterDigital by 51,337.0% in the 2nd quarter. Pacer Advisors Inc. now owns 743,265 shares of the Wireless communications provider’s stock valued at $86,635,000 after buying an additional 741,820 shares during the period. Reinhart Partners LLC. acquired a new position in shares of InterDigital during the third quarter worth about $27,762,000. International Assets Investment Management LLC raised its holdings in InterDigital by 283,160.0% during the third quarter. International Assets Investment Management LLC now owns 113,304 shares of the Wireless communications provider’s stock worth $16,047,000 after purchasing an additional 113,264 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in InterDigital by 164.2% in the second quarter. Envestnet Asset Management Inc. now owns 117,826 shares of the Wireless communications provider’s stock valued at $13,734,000 after purchasing an additional 73,227 shares during the period. Finally, Emerald Advisers LLC lifted its position in InterDigital by 50.3% in the third quarter. Emerald Advisers LLC now owns 180,987 shares of the Wireless communications provider’s stock valued at $25,633,000 after purchasing an additional 60,575 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Stock Performance

Shares of IDCC opened at $185.27 on Friday. The company has a market capitalization of $4.70 billion, a PE ratio of 19.79, a P/E/G ratio of 0.95 and a beta of 1.44. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $207.08. The company has a 50-day simple moving average of $190.01 and a 200-day simple moving average of $153.95. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.03.

InterDigital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.97%. InterDigital’s payout ratio is 19.23%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded InterDigital from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

Insider Transactions at InterDigital

In other news, insider Joshua D. Schmidt sold 140 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $182.19, for a total value of $25,506.60. Following the sale, the insider now directly owns 24,138 shares in the company, valued at $4,397,702.22. This represents a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lawrence Liren Chen sold 5,891 shares of InterDigital stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $195.34, for a total value of $1,150,747.94. Following the sale, the chief executive officer now owns 164,543 shares of the company’s stock, valued at approximately $32,141,829.62. This represents a 3.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,622 shares of company stock valued at $2,433,251 in the last quarter. 2.30% of the stock is currently owned by corporate insiders.

InterDigital Company 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.