Wellington Management Group LLP Has $22.05 Million Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Wellington Management Group LLP increased its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 6.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 155,700 shares of the Wireless communications provider’s stock after purchasing an additional 8,824 shares during the period. Wellington Management Group LLP’s holdings in InterDigital were worth $22,052,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in IDCC. Pacer Advisors Inc. boosted its position in shares of InterDigital by 51,337.0% during the 2nd quarter. Pacer Advisors Inc. now owns 743,265 shares of the Wireless communications provider’s stock worth $86,635,000 after acquiring an additional 741,820 shares in the last quarter. Reinhart Partners LLC. acquired a new stake in shares of InterDigital during the 3rd quarter worth approximately $27,762,000. Emerald Advisers LLC boosted its position in shares of InterDigital by 127,997.9% during the 2nd quarter. Emerald Advisers LLC now owns 120,412 shares of the Wireless communications provider’s stock worth $14,035,000 after acquiring an additional 120,318 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of InterDigital by 283,160.0% during the 3rd quarter. International Assets Investment Management LLC now owns 113,304 shares of the Wireless communications provider’s stock worth $16,047,000 after acquiring an additional 113,264 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its position in shares of InterDigital by 473.5% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 96,469 shares of the Wireless communications provider’s stock worth $11,244,000 after acquiring an additional 79,648 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Analyst Ratings Changes

IDCC has been the topic of a number of research 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 report on Wednesday, September 11th. StockNews.com lowered shares of InterDigital from a “buy” rating to a “hold” rating in a research report on Monday, November 4th.

Insider Activity

In other news, insider Joshua D. Schmidt sold 140 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $182.19, for a total transaction of $25,506.60. Following the completion of the transaction, the insider now owns 24,138 shares of the company’s stock, valued at approximately $4,397,702.22. This trade represents a 0.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John A. Kritzmacher sold 2,500 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 20,279 shares of the company’s stock, valued at $2,813,102.88. The trade was a 10.98 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,340 shares of company stock valued at $472,253. Insiders own 2.30% of the company’s stock.

InterDigital Stock Performance

Shares of InterDigital stock opened at $194.36 on Friday. InterDigital, Inc. has a fifty-two week low of $95.33 and a fifty-two week high of $203.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market capitalization of $4.93 billion, a P/E ratio of 20.76, a P/E/G ratio of 0.81 and a beta of 1.44. The company’s 50 day moving average price is $173.81 and its two-hundred day moving average price is $143.71.

InterDigital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Wednesday, January 8th. InterDigital’s payout ratio is currently 19.23%.

InterDigital 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.