InterDigital, Inc. (NASDAQ:IDCC) Shares Bought by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its stake in InterDigital, Inc. by 11.8% in the 1st quarter, now owning 12,294 shares valued at approximately $2.54 million.
• InterDigital reported a strong earnings performance with $6.52 earnings per share, significantly exceeding analyst expectations of $2.77.
• The company announced a quarterly dividend of $0.60, reflecting an annualized yield of 0.9%, with a payout ratio of 17.11%.

Natixis Advisors LLC boosted its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 11.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,294 shares of the Wireless communications provider's stock after purchasing an additional 1,299 shares during the quarter. Natixis Advisors LLC's holdings in InterDigital were worth $2,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in InterDigital by 54.2% in the fourth quarter. LPL Financial LLC now owns 7,996 shares of the Wireless communications provider's stock worth $1,549,000 after acquiring an additional 2,810 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new position in InterDigital during the fourth quarter valued at approximately $885,000. Envestnet Asset Management Inc. raised its stake in shares of InterDigital by 10.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 134,973 shares of the Wireless communications provider's stock worth $26,147,000 after buying an additional 12,816 shares during the period. Russell Investments Group Ltd. raised its stake in shares of InterDigital by 1.8% during the 4th quarter. Russell Investments Group Ltd. now owns 2,932 shares of the Wireless communications provider's stock worth $568,000 after buying an additional 51 shares during the period. Finally, Invesco Ltd. raised its stake in shares of InterDigital by 4.7% during the 4th quarter. Invesco Ltd. now owns 327,851 shares of the Wireless communications provider's stock worth $63,511,000 after buying an additional 14,809 shares during the period. Institutional investors own 99.83% of the company's stock.

Insider Buying and Selling

In other news, Director John A. Kritzmacher sold 519 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $226.65, for a total value of $117,631.35. Following the transaction, the director owned 19,774 shares of the company's stock, valued at $4,481,777.10. This represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joshua D. Schmidt sold 466 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $232.33, for a total value of $108,265.78. Following the transaction, the insider directly owned 28,804 shares in the company, valued at approximately $6,692,033.32. The trade was a 1.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,062 shares of company stock worth $920,853 over the last quarter. Corporate insiders own 2.80% of the company's stock.

InterDigital Price Performance

Shares of IDCC stock traded down $1.77 during trading hours on Friday, hitting $264.21. 178,637 shares of the company's stock were exchanged, compared to its average volume of 300,463. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a fifty-two week low of $129.76 and a fifty-two week high of $277.95. The firm has a market cap of $6.82 billion, a P/E ratio of 18.83, a P/E/G ratio of 1.61 and a beta of 1.37. The firm has a 50 day moving average of $231.18 and a two-hundred day moving average of $214.57.

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

InterDigital Dividend Announcement

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

InterDigital 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.