InterDigital, Inc. (NASDAQ:IDCC) Stock Holdings Boosted by Invesco Ltd.

Invesco Ltd. lifted its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 8.5% in the 1st quarter, Holdings Channel reports. The fund owned 355,704 shares of the Wireless communications provider’s stock after buying an additional 27,853 shares during the period. Invesco Ltd.’s holdings in InterDigital were worth $73,542,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IDCC. Wealth Enhancement Advisory Services LLC raised its position in shares of InterDigital by 7.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,489 shares of the Wireless communications provider’s stock worth $928,000 after buying an additional 316 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of InterDigital by 91.2% in the first quarter. Cerity Partners LLC now owns 2,576 shares of the Wireless communications provider’s stock valued at $533,000 after acquiring an additional 1,229 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of InterDigital by 8.5% in the first quarter. Envestnet Asset Management Inc. now owns 146,384 shares of the Wireless communications provider’s stock valued at $30,265,000 after acquiring an additional 11,411 shares in the last quarter. CWM LLC boosted its holdings in shares of InterDigital by 24.0% in the first quarter. CWM LLC now owns 1,138 shares of the Wireless communications provider’s stock valued at $235,000 after acquiring an additional 220 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of InterDigital by 25.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,707 shares of the Wireless communications provider’s stock valued at $560,000 after acquiring an additional 542 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.

Insider Activity at InterDigital

In other news, Director Jean F. Rankin sold 606 shares of the firm’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $226.47, for a total transaction of $137,240.82. Following the completion of the transaction, the director owned 27,353 shares in the company, valued at approximately $6,194,633.91. This trade represents a 2.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Rajesh Pankaj sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $224.58, for a total transaction of $224,580.00. Following the transaction, the chief technology officer owned 76,580 shares of the company’s stock, valued at approximately $17,198,336.40. This trade represents a 1.29% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,062 shares of company stock worth $920,853. Company insiders own 2.80% of the company’s stock.

InterDigital Trading Down 0.4%

InterDigital stock opened at $268.74 on Friday. The firm has a 50 day simple moving average of $235.97 and a 200-day simple moving average of $217.79. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.96 and a quick ratio of 1.96. The stock has a market capitalization of $6.93 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 1.64 and a beta of 1.37. InterDigital, Inc. has a 12-month low of $129.76 and a 12-month high of $277.95.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $3.75. The business had revenue of $300.60 million during the quarter, compared to analysts’ expectations of $167.93 million. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The business’s revenue was up 34.5% on a year-over-year basis. During the same period last year, the firm posted $4.57 earnings per share. As a group, equities research analysts expect that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

InterDigital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 9th were given a dividend of $0.60 per share. The ex-dividend date was Wednesday, July 9th. This represents a $2.40 annualized dividend and a dividend yield of 0.9%. InterDigital’s dividend payout ratio (DPR) is 17.11%.

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.