Boston Trust Walden Corp Lowers Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Boston Trust Walden Corp trimmed its position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 638,354 shares of the Wireless communications provider's stock after selling 28,581 shares during the quarter. Boston Trust Walden Corp owned approximately 2.48% of InterDigital worth $69,287,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Asset Management L.P. bought a new position in InterDigital during the second quarter valued at approximately $39,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in InterDigital during the third quarter valued at approximately $68,000. Parkside Financial Bank & Trust grew its position in InterDigital by 12.2% during the third quarter. Parkside Financial Bank & Trust now owns 1,047 shares of the Wireless communications provider's stock valued at $84,000 after acquiring an additional 114 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in InterDigital by 12.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,280 shares of the Wireless communications provider's stock valued at $104,000 after acquiring an additional 143 shares during the last quarter. Finally, Cohen Klingenstein LLC bought a new position in InterDigital during the fourth quarter valued at approximately $230,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other InterDigital news, insider Joshua D. Schmidt sold 336 shares of the firm's stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $107.74, for a total transaction of $36,200.64. Following the completion of the transaction, the insider now owns 18,267 shares of the company's stock, valued at $1,968,086.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other InterDigital news, insider Joshua D. Schmidt sold 336 shares of the firm's stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $107.74, for a total transaction of $36,200.64. Following the completion of the transaction, the insider now owns 18,267 shares of the company's stock, valued at $1,968,086.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Rajesh Pankaj sold 650 shares of the firm's stock in a transaction on Friday, January 5th. The shares were sold at an average price of $103.91, for a total value of $67,541.50. Following the transaction, the chief technology officer now directly owns 56,487 shares of the company's stock, valued at approximately $5,869,564.17. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

InterDigital Trading Down 0.1 %

Shares of InterDigital stock traded down $0.06 on Thursday, hitting $95.78. The stock had a trading volume of 1,738,561 shares, compared to its average volume of 506,710. The stock's 50-day simple moving average is $105.47 and its two-hundred day simple moving average is $98.04. InterDigital, Inc. has a one year low of $66.82 and a one year high of $119.86. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 0.78 and a beta of 1.34. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.05.

InterDigital (NASDAQ:IDCC - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The Wireless communications provider reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.16. InterDigital had a return on equity of 37.77% and a net margin of 38.95%. The company had revenue of $105.52 million during the quarter, compared to analyst estimates of $104.31 million. As a group, sell-side analysts predict that InterDigital, Inc. will post 7.13 EPS for the current year.

InterDigital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Tuesday, April 9th. InterDigital's payout ratio is 21.33%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on IDCC shares. StockNews.com cut shares of InterDigital from a "buy" rating to a "hold" rating in a report on Tuesday, March 19th. Bank of America restated an "underperform" rating and issued a $100.00 target price (down previously from $140.00) on shares of InterDigital in a report on Monday.

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.

Want to see what other hedge funds are holding IDCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for InterDigital, Inc. (NASDAQ:IDCC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.