Yorktown Management & Research Co Inc cut its position in InterDigital, Inc. (NASDAQ:IDCC) by 16.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,500 shares of the Wireless communications provider’s stock after selling 2,500 shares during the quarter. Yorktown Management & Research Co Inc’s holdings in InterDigital were worth $1,000,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates bought a new stake in shares of InterDigital during the 2nd quarter valued at $210,000. Oakbrook Investments LLC bought a new stake in shares of InterDigital during the 3rd quarter valued at $212,000. Fox Run Management L.L.C. bought a new stake in shares of InterDigital during the 2nd quarter valued at $219,000. Itau Unibanco Holding S.A. bought a new stake in shares of InterDigital during the 2nd quarter valued at $262,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of InterDigital during the 2nd quarter valued at $263,000. Institutional investors and hedge funds own 76.08% of the company’s stock.

InterDigital stock opened at $75.15 on Thursday. The company has a quick ratio of 4.06, a current ratio of 4.06 and a debt-to-equity ratio of 0.31. InterDigital, Inc. has a 52 week low of $68.22 and a 52 week high of $85.85. The firm has a market cap of $2.50 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 2.41 and a beta of 1.06.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings results on Thursday, November 1st. The Wireless communications provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.36. InterDigital had a return on equity of 17.50% and a net margin of 26.19%. The company had revenue of $75.08 million during the quarter, compared to analysts’ expectations of $72.59 million. During the same quarter in the previous year, the firm earned $1.00 EPS. InterDigital’s revenue was down 22.9% on a year-over-year basis. As a group, research analysts forecast that InterDigital, Inc. will post 2.05 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 24th. Stockholders of record on Wednesday, October 10th were issued a dividend of $0.35 per share. The ex-dividend date was Tuesday, October 9th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.86%. InterDigital’s dividend payout ratio (DPR) is currently 23.10%.

In other news, EVP James J. Nolan sold 5,093 shares of the business’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $79.82, for a total transaction of $406,523.26. Following the completion of the transaction, the executive vice president now owns 39,560 shares of the company’s stock, valued at approximately $3,157,679.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is currently owned by insiders.

A number of analysts have recently weighed in on the company. BidaskClub upgraded InterDigital from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 6th. ValuEngine upgraded InterDigital from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. TheStreet downgraded InterDigital from a “b-” rating to a “c+” rating in a research report on Monday, October 29th. Zacks Investment Research downgraded InterDigital from a “hold” rating to a “strong sell” rating in a research report on Monday, August 6th. Finally, National Securities assumed coverage on InterDigital in a research report on Monday, July 23rd. They set a “buy” rating and a $103.00 target price for the company. Two investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. InterDigital has a consensus rating of “Hold” and an average target price of $94.40.

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About InterDigital

InterDigital, Inc designs and develops technologies that enable and enhance wireless communications in the United States and internationally. It offers technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G, and IEEE 802-related products and networks.

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Institutional Ownership by Quarter for InterDigital (NASDAQ:IDCC)

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