InterDigital, Inc. (NASDAQ:IDCC) EVP James J. Nolan sold 2,294 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $71.30, for a total value of $163,562.20. Following the sale, the executive vice president now owns 54,042 shares of the company’s stock, valued at $3,853,194.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

InterDigital, Inc. (NASDAQ IDCC) traded down 0.35% during trading on Tuesday, hitting $71.65. 514,664 shares of the stock were exchanged. InterDigital, Inc. has a 52 week low of $65.39 and a 52 week high of $102.30. The stock has a market cap of $2.49 billion, a P/E ratio of 7.81 and a beta of 1.00. The stock has a 50 day moving average of $77.60 and a 200-day moving average of $84.81.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings results on Thursday, July 27th. The Wireless communications provider reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.05. InterDigital had a net margin of 37.96% and a return on equity of 27.36%. The company had revenue of $135.78 million for the quarter, compared to analysts’ expectations of $133.69 million. During the same quarter in the previous year, the company earned $1.14 earnings per share. InterDigital’s quarterly revenue was up 78.8% on a year-over-year basis. Equities analysts expect that InterDigital, Inc. will post $3.59 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 26th. Investors of record on Wednesday, July 12th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Monday, July 10th. InterDigital’s dividend payout ratio is currently 13.00%.

TRADEMARK VIOLATION NOTICE: This report was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright and trademark law. The original version of this report can be read at https://www.americanbankingnews.com/2017/08/08/interdigital-inc-nasdaqidcc-evp-sells-163562-20-in-stock.html.

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of InterDigital by 3.3% in the first quarter. Vanguard Group Inc. now owns 2,825,391 shares of the Wireless communications provider’s stock valued at $243,831,000 after buying an additional 89,997 shares in the last quarter. State Street Corp boosted its position in shares of InterDigital by 2.0% in the first quarter. State Street Corp now owns 1,108,236 shares of the Wireless communications provider’s stock valued at $95,642,000 after buying an additional 21,278 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of InterDigital by 17.7% in the first quarter. AQR Capital Management LLC now owns 658,561 shares of the Wireless communications provider’s stock valued at $56,834,000 after buying an additional 99,018 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of InterDigital by 5.1% in the first quarter. Geode Capital Management LLC now owns 392,469 shares of the Wireless communications provider’s stock valued at $33,870,000 after buying an additional 19,139 shares in the last quarter. Finally, Gotham Asset Management LLC boosted its position in shares of InterDigital by 29.7% in the first quarter. Gotham Asset Management LLC now owns 371,155 shares of the Wireless communications provider’s stock valued at $32,031,000 after buying an additional 84,884 shares in the last quarter. Institutional investors own 69.33% of the company’s stock.

A number of brokerages have weighed in on IDCC. Benchmark Co. began coverage on InterDigital in a report on Tuesday, April 25th. They set a “hold” rating for the company. B. Riley reiterated a “buy” rating and set a $100.00 price target on shares of InterDigital in a report on Saturday, April 29th. Zacks Investment Research upgraded InterDigital from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 26th. ValuEngine upgraded InterDigital from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 25th. Finally, BidaskClub downgraded InterDigital from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $92.50.

About InterDigital

InterDigital, Inc designs and develops technologies for wireless communications. The Company is focused on three technology areas: cellular wireless technology, Internet of things (IoT) technology, and, through its Hillcrest Laboratories, Inc (Hillcrest Labs) subsidiary, sensor and sensor fusion technology.

Insider Buying and Selling by Quarter for InterDigital (NASDAQ:IDCC)

Receive News & Ratings for InterDigital Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterDigital Inc. and related companies with MarketBeat.com's FREE daily email newsletter.