InterDigital, Inc. (IDCC) Holdings Lifted by Boston Partners
Boston Partners boosted its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 37.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,795 shares of the Wireless communications provider’s stock after buying an additional 20,493 shares during the period. Boston Partners’ holdings in InterDigital were worth $5,772,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its position in InterDigital by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 2,865,421 shares of the Wireless communications provider’s stock worth $221,497,000 after buying an additional 40,030 shares during the period. State Street Corp increased its position in shares of InterDigital by 8.2% during the second quarter. State Street Corp now owns 1,199,522 shares of the Wireless communications provider’s stock valued at $92,724,000 after purchasing an additional 91,286 shares during the period. Dimensional Fund Advisors LP increased its position in shares of InterDigital by 6.7% during the third quarter. Dimensional Fund Advisors LP now owns 985,849 shares of the Wireless communications provider’s stock valued at $72,708,000 after purchasing an additional 62,291 shares during the period. Koch Industries Inc. increased its position in shares of InterDigital by 5,919.7% during the second quarter. Koch Industries Inc. now owns 473,089 shares of the Wireless communications provider’s stock valued at $467,000 after purchasing an additional 465,230 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in shares of InterDigital by 6.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 226,549 shares of the Wireless communications provider’s stock valued at $17,252,000 after purchasing an additional 12,985 shares during the period. 68.91% of the stock is currently owned by institutional investors.
Shares of InterDigital, Inc. (NASDAQ IDCC) opened at $77.55 on Monday. The stock has a market capitalization of $2,691.84, a P/E ratio of 10.71 and a beta of 0.94. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.34. InterDigital, Inc. has a 1 year low of $67.55 and a 1 year high of $102.30.
IDCC has been the topic of a number of research reports. B. Riley restated a “buy” rating and set a $100.00 price objective on shares of InterDigital in a research report on Wednesday, January 3rd. ValuEngine upgraded InterDigital from a “hold” rating to a “buy” rating in a research report on Thursday, November 16th. Zacks Investment Research upgraded InterDigital from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Wednesday, November 1st. Finally, BidaskClub upgraded InterDigital from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $93.67.
In related news, EVP James J. Nolan sold 5,020 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $75.00, for a total value of $376,500.00. Following the sale, the executive vice president now owns 49,063 shares of the company’s stock, valued at approximately $3,679,725. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Scott A. Mcquilkin sold 500 shares of the business’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $76.50, for a total value of $38,250.00. Following the completion of the sale, the executive vice president now directly owns 78,881 shares in the company, valued at approximately $6,034,396.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,020 shares of company stock worth $453,000. 1.90% of the stock is currently owned by company insiders.
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InterDigital, Inc designs and develops technologies for wireless communications. The Company is focused on three technology areas: cellular wireless technology, Internet of things (IoT) technology, and, through its Hillcrest Laboratories, Inc (Hillcrest Labs) subsidiary, sensor and sensor fusion technology.
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