Creative Planning Buys 551 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Creative Planning increased its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 4.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,637 shares of the Wireless communications provider’s stock after buying an additional 551 shares during the period. Creative Planning’s holdings in InterDigital were worth $1,590,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Miller Howard Investments Inc. NY raised its position in shares of InterDigital by 2.0% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 4,602 shares of the Wireless communications provider’s stock worth $536,000 after acquiring an additional 90 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in InterDigital by 38.0% in the second quarter. Nisa Investment Advisors LLC now owns 396 shares of the Wireless communications provider’s stock worth $46,000 after purchasing an additional 109 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of InterDigital by 50.8% during the second quarter. GAMMA Investing LLC now owns 368 shares of the Wireless communications provider’s stock valued at $43,000 after buying an additional 124 shares during the last quarter. Juncture Wealth Strategies LLC grew its position in shares of InterDigital by 1.4% in the 2nd quarter. Juncture Wealth Strategies LLC now owns 9,943 shares of the Wireless communications provider’s stock worth $1,159,000 after buying an additional 134 shares during the last quarter. Finally, Burney Co. raised its stake in shares of InterDigital by 7.2% during the 2nd quarter. Burney Co. now owns 2,102 shares of the Wireless communications provider’s stock worth $245,000 after acquiring an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Analysts Set New Price Targets

IDCC has been the subject of several recent analyst reports. Roth Mkm raised their target price on shares of InterDigital from $146.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. StockNews.com lowered InterDigital from a “buy” rating to a “hold” rating in a report on Monday.

Insider Transactions at InterDigital

In other InterDigital news, Director John A. Kritzmacher sold 2,500 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $138.72, for a total transaction of $346,800.00. Following the transaction, the director now owns 20,279 shares of the company’s stock, valued at approximately $2,813,102.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director John A. Kritzmacher sold 2,500 shares of InterDigital stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $138.72, for a total transaction of $346,800.00. Following the sale, the director now owns 20,279 shares of the company’s stock, valued at approximately $2,813,102.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Derek K. Aberle sold 2,005 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $134.40, for a total value of $269,472.00. Following the sale, the director now directly owns 7,639 shares of the company’s stock, valued at approximately $1,026,681.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

InterDigital Stock Down 0.1 %

Shares of IDCC stock opened at $143.19 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.03. InterDigital, Inc. has a twelve month low of $74.65 and a twelve month high of $145.49. The stock has a 50 day moving average of $136.40 and a 200 day moving average of $119.43. The stock has a market cap of $3.61 billion, a P/E ratio of 21.06, a P/E/G ratio of 0.88 and a beta of 1.39.

InterDigital (NASDAQ:IDCC) last posted its earnings results on Thursday, August 1st. The Wireless communications provider reported $4.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $3.77. The business had revenue of $223.49 million for the quarter, compared to analyst estimates of $95.63 million. InterDigital had a net margin of 37.99% and a return on equity of 44.57%. As a group, sell-side analysts expect that InterDigital, Inc. will post 9.05 EPS for the current year.

InterDigital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th will be issued a dividend of $0.45 per share. This is a positive change from InterDigital’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, October 9th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.26%. InterDigital’s dividend payout ratio is presently 26.47%.

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.