Leavell Investment Management Inc. Buys 149 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Leavell Investment Management Inc. boosted its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 9.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,784 shares of the Wireless communications provider’s stock after buying an additional 149 shares during the quarter. Leavell Investment Management Inc.’s holdings in InterDigital were worth $346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Transcendent Capital Group LLC bought a new stake in shares of InterDigital in the third quarter valued at about $25,000. V Square Quantitative Management LLC bought a new stake in shares of InterDigital in the 3rd quarter worth approximately $26,000. Mendota Financial Group LLC grew its holdings in shares of InterDigital by 14,500.0% during the 4th quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock worth $57,000 after purchasing an additional 290 shares in the last quarter. R Squared Ltd bought a new stake in shares of InterDigital during the fourth quarter valued at approximately $70,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of InterDigital by 58.8% in the third quarter. Nisa Investment Advisors LLC now owns 629 shares of the Wireless communications provider’s stock valued at $89,000 after purchasing an additional 233 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Price Performance

Shares of IDCC stock opened at $214.29 on Friday. The stock’s fifty day simple moving average is $190.07 and its 200 day simple moving average is $165.97. InterDigital, Inc. has a one year low of $95.33 and a one year high of $216.00. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 17.80, a P/E/G ratio of 2.41 and a beta of 1.44. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.70 and a quick ratio of 1.62.

InterDigital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Wednesday, April 9th. This is an increase from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s payout ratio is currently 14.95%.

Insider Buying and Selling

In other InterDigital news, insider Joshua D. Schmidt sold 140 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $182.19, for a total transaction of $25,506.60. Following the sale, the insider now directly owns 24,138 shares of the company’s stock, valued at approximately $4,397,702.22. This represents a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $204.13, for a total transaction of $142,891.00. Following the completion of the transaction, the chief technology officer now owns 52,997 shares of the company’s stock, valued at $10,818,277.61. This trade represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,322 shares of company stock worth $2,562,751 in the last quarter. 2.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of InterDigital from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

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.