Strs Ohio cut its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 82.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,100 shares of the Wireless communications provider’s stock after selling 9,700 shares during the quarter. Strs Ohio’s holdings in InterDigital were worth $159,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of IDCC. Advisor Group Inc. raised its stake in shares of InterDigital by 29.5% during the second quarter. Advisor Group Inc. now owns 2,342 shares of the Wireless communications provider’s stock worth $181,000 after acquiring an additional 534 shares in the last quarter. Shelton Capital Management purchased a new position in shares of InterDigital during the second quarter worth approximately $201,000. State Street Corp raised its stake 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 worth $92,724,000 after acquiring an additional 91,286 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of InterDigital by 9.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 47,773 shares of the Wireless communications provider’s stock worth $3,693,000 after acquiring an additional 4,100 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of InterDigital by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 76,458 shares of the Wireless communications provider’s stock worth $5,911,000 after acquiring an additional 1,285 shares in the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of InterDigital from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 7th. B. Riley reissued a “buy” rating and set a $100.00 price target on shares of InterDigital in a research note on Monday, December 4th. BidaskClub raised shares of InterDigital from a “strong sell” rating to a “sell” rating in a research note on Monday, February 5th. Finally, ValuEngine raised shares of InterDigital from a “hold” rating to a “buy” rating in a research note on Thursday, November 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. InterDigital has an average rating of “Hold” and a consensus target price of $93.67.

In other news, EVP James J. Nolan sold 5,020 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $75.00, for a total value of $376,500.00. Following the transaction, the executive vice president now owns 49,063 shares in the company, valued at $3,679,725. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott A. Mcquilkin sold 500 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $76.50, for a total transaction of $38,250.00. Following the completion of the transaction, the executive vice president now owns 78,881 shares in the company, valued at approximately $6,034,396.50. The disclosure for this sale can be found here. Insiders sold 6,020 shares of company stock worth $453,000 in the last 90 days. Company insiders own 1.90% of the company’s stock.

InterDigital, Inc. (IDCC) opened at $76.50 on Wednesday. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.34. InterDigital, Inc. has a fifty-two week low of $67.55 and a fifty-two week high of $102.30. The stock has a market cap of $2,691.87, a P/E ratio of 10.71 and a beta of 0.94.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Tuesday, January 9th. InterDigital’s dividend payout ratio is 19.34%.

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InterDigital Profile

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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Institutional Ownership by Quarter for InterDigital (NASDAQ:IDCC)

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