Cetera Investment Advisers Buys 1,702 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Cetera Investment Advisers raised its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 58.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 4,604 shares of the Wireless communications provider's stock after purchasing an additional 1,702 shares during the quarter. Cetera Investment Advisers' holdings in InterDigital were worth $952,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IDCC. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of InterDigital by 7.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,489 shares of the Wireless communications provider's stock worth $928,000 after purchasing an additional 316 shares in the last quarter. Cerity Partners LLC lifted its stake in InterDigital by 91.2% during the 1st quarter. Cerity Partners LLC now owns 2,576 shares of the Wireless communications provider's stock valued at $533,000 after acquiring an additional 1,229 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in InterDigital by 8.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 146,384 shares of the Wireless communications provider's stock valued at $30,265,000 after acquiring an additional 11,411 shares in the last quarter. CWM LLC raised its stake in shares of InterDigital by 24.0% during the 1st quarter. CWM LLC now owns 1,138 shares of the Wireless communications provider's stock worth $235,000 after purchasing an additional 220 shares during the period. Finally, Allianz Asset Management GmbH raised its stake in shares of InterDigital by 3,293.9% during the 1st quarter. Allianz Asset Management GmbH now owns 68,761 shares of the Wireless communications provider's stock worth $14,216,000 after purchasing an additional 66,735 shares during the period. Institutional investors and hedge funds own 99.83% of the company's stock.

Insider Activity at InterDigital

In other news, Director John A. Kritzmacher sold 519 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $226.65, for a total transaction of $117,631.35. Following the completion of the transaction, the director owned 19,774 shares of the company's stock, valued at approximately $4,481,777.10. The trade was a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Rajesh Pankaj sold 1,000 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $224.58, for a total value of $224,580.00. Following the transaction, the chief technology officer directly owned 76,580 shares of the company's stock, valued at $17,198,336.40. The trade was a 1.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,062 shares of company stock valued at $920,853 in the last ninety days. Insiders own 2.80% of the company's stock.

InterDigital Stock Performance

Shares of NASDAQ IDCC traded down $1.01 during mid-day trading on Friday, reaching $268.74. 157,015 shares of the company's stock were exchanged, compared to its average volume of 295,869. The firm has a market capitalization of $6.93 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 1.64 and a beta of 1.37. InterDigital, Inc. has a 52 week low of $129.76 and a 52 week high of $277.95. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.96 and a quick ratio of 1.96. The firm has a 50-day moving average price of $235.97 and a two-hundred day moving average price of $217.79.

InterDigital (NASDAQ:IDCC - Get Free Report) last posted its earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share for the quarter, beating analysts' consensus estimates of $2.77 by $3.75. The business had revenue of $300.60 million during the quarter, compared to analyst estimates of $167.93 million. InterDigital had a return on equity of 53.44% and a net margin of 51.92%. The company's quarterly revenue was up 34.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.57 EPS. Analysts predict that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 9th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $2.40 annualized dividend and a dividend yield of 0.9%. InterDigital's payout ratio is presently 17.11%.

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.