Amalgamated Bank Sells 320 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Amalgamated Bank lessened its position in InterDigital, Inc. (NASDAQ:IDCC) by 4.1% in the third quarter, HoldingsChannel.com reports. The fund owned 7,410 shares of the Wireless communications provider’s stock after selling 320 shares during the period. Amalgamated Bank’s holdings in InterDigital were worth $1,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC bought a new stake in InterDigital in the 1st quarter valued at $341,000. Russell Investments Group Ltd. raised its position in shares of InterDigital by 294,025.0% in the first quarter. Russell Investments Group Ltd. now owns 11,765 shares of the Wireless communications provider’s stock valued at $1,253,000 after purchasing an additional 11,761 shares during the period. ProShare Advisors LLC lifted its stake in shares of InterDigital by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 7,771 shares of the Wireless communications provider’s stock worth $827,000 after buying an additional 529 shares during the last quarter. Blair William & Co. IL boosted its holdings in shares of InterDigital by 7.3% during the 1st quarter. Blair William & Co. IL now owns 4,379 shares of the Wireless communications provider’s stock worth $466,000 after buying an additional 299 shares during the period. Finally, Vanguard Group Inc. grew its stake in InterDigital by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 3,234,740 shares of the Wireless communications provider’s stock valued at $344,370,000 after buying an additional 17,238 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Price Performance

Shares of NASDAQ IDCC opened at $184.42 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.62 and a quick ratio of 1.62. InterDigital, Inc. has a fifty-two week low of $91.15 and a fifty-two week high of $191.57. The stock has a market capitalization of $4.67 billion, a PE ratio of 19.70, a P/E/G ratio of 0.80 and a beta of 1.38. The business has a fifty day moving average price of $149.80 and a two-hundred day moving average price of $130.82.

InterDigital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were issued a $0.45 dividend. This is a positive change from InterDigital’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.98%. The ex-dividend date was Wednesday, October 9th. InterDigital’s dividend payout ratio (DPR) is currently 19.23%.

Insider Activity

In other news, Director Derek K. Aberle sold 2,005 shares of InterDigital 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 transaction, the director now owns 7,639 shares in the company, valued at approximately $1,026,681.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other InterDigital news, Director John A. Kritzmacher sold 2,500 shares of the business’s 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 directly owns 20,279 shares of the company’s stock, valued at $2,813,102.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Derek K. Aberle sold 2,005 shares of InterDigital stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $134.40, for a total value of $269,472.00. Following the transaction, the director now directly owns 7,639 shares in the company, valued at $1,026,681.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,205 shares of company stock worth $716,218. 2.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Roth Mkm upped their target price on InterDigital from $146.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. StockNews.com downgraded shares of InterDigital from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

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.