Seizert Capital Partners LLC lifted its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 22.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,916 shares of the Wireless communications provider’s stock after acquiring an additional 8,890 shares during the period. Seizert Capital Partners LLC owned 0.14% of InterDigital worth $3,704,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of InterDigital by 1.0% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,062 shares of the Wireless communications provider’s stock worth $391,000 after buying an additional 51 shares in the last quarter. State of Tennessee Treasury Department lifted its position in shares of InterDigital by 25.0% in the second quarter. State of Tennessee Treasury Department now owns 100,000 shares of the Wireless communications provider’s stock worth $7,730,000 after buying an additional 20,000 shares in the last quarter. Strid Group LLC purchased a new stake in shares of InterDigital in the second quarter worth about $4,514,000. Swiss National Bank lifted its position in shares of InterDigital by 1.8% in the second quarter. Swiss National Bank now owns 57,500 shares of the Wireless communications provider’s stock worth $4,445,000 after buying an additional 1,000 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of InterDigital by 0.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 2,796 shares of the Wireless communications provider’s stock worth $216,000 after buying an additional 15 shares in the last quarter. 70.97% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “InterDigital, Inc. (IDCC) Stake Boosted by Seizert Capital Partners LLC” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at https://www.watchlistnews.com/interdigital-inc-idcc-stake-boosted-by-seizert-capital-partners-llc/1541424.html.

Shares of InterDigital, Inc. (IDCC) opened at 70.70 on Monday. InterDigital, Inc. has a 52-week low of $67.55 and a 52-week high of $102.30. The company has a 50 day moving average price of $72.93 and a 200-day moving average price of $81.60. The stock has a market capitalization of $2.45 billion, a P/E ratio of 7.71 and a beta of 0.95.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, July 27th. The Wireless communications provider reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.05. The company had revenue of $135.78 million for the quarter, compared to analysts’ expectations of $133.69 million. InterDigital had a return on equity of 44.58% and a net margin of 45.92%. InterDigital’s revenue was up 78.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 EPS. On average, analysts predict that InterDigital, Inc. will post $3.61 earnings per share for the current fiscal year.

A number of equities research analysts recently commented on IDCC shares. ValuEngine upgraded InterDigital from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 25th. B. Riley reiterated a “buy” rating and issued a $100.00 target price on shares of InterDigital in a research report on Thursday, June 8th. BidaskClub downgraded InterDigital from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Sidoti upgraded InterDigital from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 8th. Finally, Zacks Investment Research upgraded InterDigital from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a research report on Friday, August 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. InterDigital currently has an average rating of “Hold” and a consensus price target of $87.75.

In other news, EVP James J. Nolan sold 2,294 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $71.30, for a total transaction of $163,562.20. Following the transaction, the executive vice president now directly owns 54,042 shares in the company, valued at approximately $3,853,194.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Scott A. Mcquilkin sold 500 shares of the business’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 transaction, the executive vice president now owns 79,768 shares in the company, valued at $6,313,637.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,594 shares of company stock worth $270,649. Insiders own 1.90% of the company’s stock.

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.

Institutional Ownership 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 Analyst Ratings Network's FREE daily email newsletter.