Quantbot Technologies LP Has $204,000 Holdings in InterDigital, Inc. (IDCC)

Quantbot Technologies LP lessened its stake in InterDigital, Inc. (NASDAQ:IDCC) by 87.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,775 shares of the Wireless communications provider’s stock after selling 18,543 shares during the period. Quantbot Technologies LP’s holdings in InterDigital were worth $204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Riverhead Capital Management LLC boosted its holdings in InterDigital by 74.6% in the second quarter. Riverhead Capital Management LLC now owns 1,397 shares of the Wireless communications provider’s stock worth $108,000 after acquiring an additional 597 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in InterDigital in the second quarter worth about $118,000. Victory Capital Management Inc. boosted its holdings in InterDigital by 17.5% in the second quarter. Victory Capital Management Inc. now owns 1,616 shares of the Wireless communications provider’s stock worth $125,000 after acquiring an additional 241 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in InterDigital by 107.2% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,182 shares of the Wireless communications provider’s stock worth $160,000 after acquiring an additional 1,129 shares in the last quarter. Finally, Advisor Group Inc. lifted its holdings in shares of InterDigital by 29.5% during the second quarter. Advisor Group Inc. now owns 2,342 shares of the Wireless communications provider’s stock worth $181,000 after purchasing an additional 534 shares during the period. Institutional investors own 72.89% of the company’s stock.

In other InterDigital news, EVP Jannie K. Lau sold 2,561 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $72.31, for a total transaction of $185,185.91. Following the sale, the executive vice president now owns 19,496 shares in the company, valued at approximately $1,409,755.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP James J. Nolan sold 5,020 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $75.00, for a total value of $376,500.00. Following the sale, the executive vice president now owns 49,063 shares in the company, valued at approximately $3,679,725. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,081 shares of company stock worth $599,186. 1.90% of the stock is owned by company insiders.

A number of research analysts have issued reports on the company. B. Riley reissued a “buy” rating and issued a $100.00 price target on shares of InterDigital in a report on Friday, October 27th. Zacks Investment Research downgraded InterDigital from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 24th. ValuEngine raised InterDigital from a “hold” rating to a “buy” rating in a report on Thursday, November 16th. Finally, Sidoti upgraded InterDigital from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. InterDigital presently has an average rating of “Hold” and an average price target of $89.00.

InterDigital, Inc. (NASDAQ IDCC) opened at $76.10 on Friday. InterDigital, Inc. has a 12 month low of $67.55 and a 12 month high of $102.30. The firm has a market capitalization of $2,601.62, a price-to-earnings ratio of 10.35 and a beta of 0.95. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.22 and a current ratio of 3.22.

InterDigital (NASDAQ:IDCC) last posted its earnings results on Thursday, October 26th. The Wireless communications provider reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.34. InterDigital had a return on equity of 32.77% and a net margin of 42.94%. The firm had revenue of $97.30 million for the quarter, compared to analyst estimates of $94.13 million. During the same quarter in the prior year, the company earned $2.99 EPS. InterDigital’s revenue was down 53.3% on a year-over-year basis. equities analysts forecast that InterDigital, Inc. will post 4.04 EPS for the current fiscal year.

InterDigital declared that its board has approved a share repurchase plan on Thursday, September 14th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the Wireless communications provider to reacquire up to 4.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

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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.

Institutional Ownership by Quarter for InterDigital (NASDAQ:IDCC)

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