Leuthold Group LLC Buys Shares of 2,143 InterDigital, Inc. (NASDAQ:IDCC)

Leuthold Group LLC acquired a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 2,143 shares of the Wireless communications provider’s stock, valued at approximately $415,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Global Retirement Partners LLC raised its stake in shares of InterDigital by 504.5% during the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock valued at $26,000 after purchasing an additional 111 shares during the period. Transcendent Capital Group LLC bought a new stake in shares of InterDigital during the 3rd quarter valued at $25,000. Mendota Financial Group LLC raised its stake in shares of InterDigital by 14,500.0% during the 4th quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock valued at $57,000 after purchasing an additional 290 shares during the period. R Squared Ltd bought a new stake in shares of InterDigital during the 4th quarter valued at $70,000. Finally, Nisa Investment Advisors LLC grew its position in InterDigital by 58.8% during the third quarter. Nisa Investment Advisors LLC now owns 629 shares of the Wireless communications provider’s stock worth $89,000 after buying an additional 233 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Richard Brezski sold 9,602 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total value of $2,066,446.42. Following the completion of the transaction, the chief financial officer now directly owns 102,555 shares in the company, valued at approximately $22,070,861.55. This represents a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Rajesh Pankaj sold 700 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $185.00, for a total value of $129,500.00. Following the completion of the transaction, the chief technology officer now owns 52,396 shares of the company’s stock, valued at $9,693,260. The trade was a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,134 shares of company stock worth $4,678,770 over the last ninety days. 2.30% of the stock is owned by corporate insiders.

InterDigital Price Performance

InterDigital stock opened at $211.40 on Friday. InterDigital, Inc. has a 52 week low of $95.33 and a 52 week high of $218.76. The business has a 50-day simple moving average of $192.19 and a 200 day simple moving average of $169.13. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 1.57 and a beta of 1.44.

InterDigital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.14%. This is a boost from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, April 9th. InterDigital’s payout ratio is presently 19.93%.

Analysts Set New Price Targets

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

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.