Mackenzie Financial Corp Purchases Shares of 16,416 InterDigital, Inc. (NASDAQ:IDCC)

Mackenzie Financial Corp acquired a new position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 16,416 shares of the Wireless communications provider's stock, valued at approximately $1,782,000. Mackenzie Financial Corp owned about 0.06% of InterDigital as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of InterDigital by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,343,395 shares of the Wireless communications provider's stock worth $268,274,000 after acquiring an additional 72,720 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of InterDigital by 220.9% in the 4th quarter. Pacer Advisors Inc. now owns 1,151,777 shares of the Wireless communications provider's stock worth $125,014,000 after acquiring an additional 792,868 shares in the last quarter. Boston Trust Walden Corp grew its position in shares of InterDigital by 7.4% in the 3rd quarter. Boston Trust Walden Corp now owns 666,935 shares of the Wireless communications provider's stock worth $53,515,000 after acquiring an additional 46,181 shares in the last quarter. Shannon River Fund Management LLC grew its position in shares of InterDigital by 3.9% in the 3rd quarter. Shannon River Fund Management LLC now owns 642,265 shares of the Wireless communications provider's stock worth $51,535,000 after acquiring an additional 23,815 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of InterDigital by 8.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 374,348 shares of the Wireless communications provider's stock worth $30,038,000 after acquiring an additional 28,176 shares in the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at InterDigital

In other InterDigital news, insider Eeva K. Hakoranta sold 699 shares of InterDigital stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $95.77, for a total transaction of $66,943.23. Following the sale, the insider now owns 29,984 shares of the company's stock, valued at approximately $2,871,567.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other InterDigital news, insider Eeva K. Hakoranta sold 699 shares of InterDigital stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $95.77, for a total transaction of $66,943.23. Following the sale, the insider now owns 29,984 shares of the company's stock, valued at approximately $2,871,567.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Rajesh Pankaj sold 650 shares of the business's stock in a transaction on Friday, April 5th. The stock was sold at an average price of $95.33, for a total value of $61,964.50. Following the completion of the sale, the chief technology officer now directly owns 64,939 shares in the company, valued at approximately $6,190,634.87. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

InterDigital Stock Performance

NASDAQ:IDCC traded up $0.73 during midday trading on Wednesday, reaching $99.66. 405,038 shares of the company traded hands, compared to its average volume of 496,969. InterDigital, Inc. has a twelve month low of $66.82 and a twelve month high of $119.86. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 0.80 and a beta of 1.34. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.33 and a quick ratio of 1.33. The company has a fifty day moving average price of $103.50 and a 200 day moving average price of $99.76.

InterDigital (NASDAQ:IDCC - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The Wireless communications provider reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.16. The business had revenue of $105.52 million during the quarter, compared to analyst estimates of $104.31 million. InterDigital had a return on equity of 37.77% and a net margin of 38.95%. On average, analysts expect that InterDigital, Inc. will post 7.02 EPS for the current fiscal year.

InterDigital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Tuesday, April 9th. InterDigital's payout ratio is currently 21.33%.

Analyst Ratings Changes

IDCC has been the subject of several research reports. Bank of America reiterated an "underperform" rating and issued a $100.00 target price (down previously from $140.00) on shares of InterDigital in a research report on Monday, April 1st. StockNews.com lowered InterDigital from a "buy" rating to a "hold" rating in a research report on Tuesday, March 19th.

About InterDigital

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.