Sanctuary Advisors LLC Has $903,000 Position in InterDigital, Inc. (NASDAQ:IDCC)

Sanctuary Advisors LLC raised its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 24.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,376 shares of the Wireless communications provider’s stock after acquiring an additional 1,265 shares during the quarter. Sanctuary Advisors LLC’s holdings in InterDigital were worth $903,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC raised its holdings in InterDigital by 22.9% during the third quarter. TD Private Client Wealth LLC now owns 902 shares of the Wireless communications provider’s stock valued at $128,000 after buying an additional 168 shares in the last quarter. Chiron Investment Management LLC increased its holdings in shares of InterDigital by 138.4% during the 3rd quarter. Chiron Investment Management LLC now owns 2,272 shares of the Wireless communications provider’s stock valued at $322,000 after acquiring an additional 1,319 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of InterDigital by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 592,754 shares of the Wireless communications provider’s stock valued at $83,968,000 after acquiring an additional 3,975 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its holdings in InterDigital by 3.6% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,132,818 shares of the Wireless communications provider’s stock worth $160,441,000 after purchasing an additional 39,891 shares during the last quarter. Finally, LRI Investments LLC bought a new stake in InterDigital during the third quarter worth approximately $129,000. 99.83% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Lawrence Liren Chen sold 5,891 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $195.34, for a total value of $1,150,747.94. Following the completion of the sale, the chief executive officer now owns 164,543 shares in the company, valued at approximately $32,141,829.62. This trade represents a 3.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $142.78, for a total value of $99,946.00. Following the sale, the chief technology officer now directly owns 54,984 shares in the company, valued at approximately $7,850,615.52. This trade represents a 1.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,731 shares of company stock valued at $1,276,201. 2.30% of the stock is owned by company insiders.

Analyst Ratings Changes

IDCC has been the topic of a number of recent analyst reports. StockNews.com lowered shares of InterDigital from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Roth Mkm lifted their target price on shares of InterDigital from $146.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th.

InterDigital Price Performance

Shares of NASDAQ:IDCC opened at $189.43 on Monday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $178.14 and a 200 day moving average price of $146.67. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 0.81 and a beta of 1.44. InterDigital, Inc. has a twelve month low of $95.33 and a twelve month high of $203.90.

InterDigital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.80 annualized dividend and a dividend yield of 0.95%. InterDigital’s payout ratio is 19.23%.

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.