InterDigital, Inc. (NASDAQ:IDCC) EVP Scott A. Mcquilkin sold 500 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $79.15, for a total value of $39,575.00. Following the sale, the executive vice president now directly owns 79,768 shares of the company’s stock, valued at approximately $6,313,637.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

InterDigital, Inc. (NASDAQ:IDCC) remained flat at $75.85 on Friday. The company had a trading volume of 171,909 shares. The firm’s 50 day moving average price is $82.02 and its 200 day moving average price is $87.19. InterDigital, Inc. has a 12-month low of $53.40 and a 12-month high of $102.30. The stock has a market capitalization of $2.63 billion, a PE ratio of 8.50 and a beta of 1.01.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, April 27th. The Wireless communications provider reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.22. The company had revenue of $94.53 million during the quarter, compared to analyst estimates of $92.90 million. InterDigital had a return on equity of 43.97% and a net margin of 48.22%. The firm’s quarterly revenue was down 12.3% on a year-over-year basis. During the same quarter last year, the company earned $0.79 earnings per share. Equities analysts predict that InterDigital, Inc. will post $3.23 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 26th. Investors of record on Wednesday, July 12th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Monday, July 10th. InterDigital’s dividend payout ratio is 13.47%.

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A number of large investors have recently bought and sold shares of the stock. Tyers Asset Management LLC raised its stake in InterDigital by 2.8% in the first quarter. Tyers Asset Management LLC now owns 1,168 shares of the Wireless communications provider’s stock valued at $101,000 after buying an additional 32 shares in the last quarter. TrimTabs Asset Management LLC raised its stake in shares of InterDigital by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,358 shares of the Wireless communications provider’s stock valued at $117,000 after buying an additional 640 shares during the period. Segantii Capital Management Ltd purchased a new stake in shares of InterDigital during the first quarter valued at about $129,000. Elkfork Partners LLC raised its stake in shares of InterDigital by 2.8% in the first quarter. Elkfork Partners LLC now owns 1,606 shares of the Wireless communications provider’s stock valued at $139,000 after buying an additional 44 shares during the period. Finally, Meadow Creek Investment Management LLC raised its stake in shares of InterDigital by 2.8% in the first quarter. Meadow Creek Investment Management LLC now owns 2,044 shares of the Wireless communications provider’s stock valued at $176,000 after buying an additional 56 shares during the period. 69.13% of the stock is owned by institutional investors.

Several research analysts recently commented on the company. B. Riley reaffirmed a “buy” rating and issued a $100.00 target price on shares of InterDigital in a research report on Tuesday, June 13th. Zacks Investment Research upgraded InterDigital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 26th. ValuEngine upgraded InterDigital from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 25th. Benchmark Co. began coverage on InterDigital in a research note on Tuesday, April 25th. They set a “hold” rating for the company. Finally, BidaskClub cut InterDigital from a “sell” rating to a “strong sell” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $92.50.

InterDigital Company Profile

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)

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