InterDigital, Inc. $IDCC is Capital Management Corp VA’s Largest Position

Capital Management Corp VA reduced its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 7.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,195 shares of the Wireless communications provider’s stock after selling 10,774 shares during the quarter. InterDigital comprises 7.0% of Capital Management Corp VA’s investment portfolio, making the stock its biggest holding. Capital Management Corp VA owned 0.50% of InterDigital worth $44,257,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IDCC. Twin Peaks Wealth Advisors LLC acquired a new stake in InterDigital in the second quarter valued at $28,000. Root Financial Partners LLC purchased a new position in shares of InterDigital in the 3rd quarter valued at about $30,000. Huntington National Bank increased its holdings in shares of InterDigital by 530.3% in the 2nd quarter. Huntington National Bank now owns 208 shares of the Wireless communications provider’s stock valued at $47,000 after purchasing an additional 175 shares in the last quarter. Spire Wealth Management acquired a new stake in shares of InterDigital in the third quarter valued at about $49,000. Finally, Country Trust Bank purchased a new stake in InterDigital during the second quarter worth about $56,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insider Transactions at InterDigital

In other news, Director John A. Kritzmacher sold 1,250 shares of InterDigital stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $331.00, for a total value of $413,750.00. Following the completion of the sale, the director owned 15,815 shares of the company’s stock, valued at $5,234,765. The trade was a 7.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joshua D. Schmidt sold 466 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $325.34, for a total value of $151,608.44. Following the completion of the transaction, the insider owned 27,462 shares of the company’s stock, valued at $8,934,487.08. The trade was a 1.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 37,307 shares of company stock worth $12,280,908 in the last three months. 2.80% of the stock is currently owned by company insiders.

InterDigital Stock Performance

NASDAQ IDCC opened at $326.44 on Friday. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a fifty-two week low of $177.00 and a fifty-two week high of $412.60. The business has a fifty day moving average of $333.33 and a 200-day moving average of $320.09. The stock has a market cap of $8.41 billion, a price-to-earnings ratio of 22.03 and a beta of 1.57.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, October 30th. The Wireless communications provider reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.14. The firm had revenue of $164.68 million during the quarter, compared to analysts’ expectations of $153.43 million. InterDigital had a return on equity of 51.89% and a net margin of 53.50%.The firm’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 EPS. As a group, analysts predict that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 28th. Investors of record on Wednesday, January 14th were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, January 14th. This represents a $2.80 dividend on an annualized basis and a yield of 0.9%. InterDigital’s dividend payout ratio (DPR) is 18.89%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group set a $475.00 price target on shares of InterDigital and gave the company a “buy” rating in a research report on Thursday, October 30th. Weiss Ratings cut InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, December 29th. UBS Group set a $425.00 target price on InterDigital in a report on Monday, December 1st. Zacks Research downgraded InterDigital from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Finally, Roth Mkm reiterated a “buy” rating on shares of InterDigital in a research report on Tuesday, January 20th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $416.67.

About InterDigital

InterDigital, Inc is a mobile and video technology research and development company that designs and licenses wireless communications and video compression innovations. Its patent portfolio encompasses key standards across 3G, 4G LTE and 5G wireless networks, as well as video and multimedia technologies. By focusing on fundamental technology creation rather than device manufacturing, InterDigital delivers core intellectual property to smartphone manufacturers, chipset vendors and telecommunications operators worldwide.

The company’s principal services include patent licensing, technology evaluation and consulting.