Oregon Public Employees Retirement Fund Has $648,000 Stock Holdings in InterDigital Wireless Inc (NASDAQ:IDCC)

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Oregon Public Employees Retirement Fund cut its stake in shares of InterDigital Wireless Inc (NASDAQ:IDCC) by 1.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 11,445 shares of the Wireless communications provider’s stock after selling 200 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in InterDigital Wireless were worth $648,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of IDCC. Guggenheim Capital LLC boosted its position in InterDigital Wireless by 5.4% during the fourth quarter. Guggenheim Capital LLC now owns 16,843 shares of the Wireless communications provider’s stock valued at $918,000 after purchasing an additional 866 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of InterDigital Wireless by 12.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 32,036 shares of the Wireless communications provider’s stock valued at $1,746,000 after buying an additional 3,472 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of InterDigital Wireless by 48.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,542 shares of the Wireless communications provider’s stock valued at $84,000 after buying an additional 506 shares during the last quarter. Mason Street Advisors LLC lifted its position in shares of InterDigital Wireless by 1.4% in the fourth quarter. Mason Street Advisors LLC now owns 16,559 shares of the Wireless communications provider’s stock valued at $902,000 after buying an additional 235 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of InterDigital Wireless by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 434,517 shares of the Wireless communications provider’s stock valued at $23,676,000 after buying an additional 7,732 shares during the last quarter. 76.59% of the stock is owned by hedge funds and other institutional investors.

In other InterDigital Wireless news, Director Philip P. Trahanas sold 4,964 shares of the firm’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $56.25, for a total transaction of $279,225.00. Following the transaction, the director now owns 15,981 shares in the company, valued at approximately $898,931.25. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John A. Kritzmacher sold 969 shares of the firm’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $56.22, for a total value of $54,477.18. Following the transaction, the director now owns 17,178 shares in the company, valued at approximately $965,747.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,633 shares of company stock worth $374,281. 1.70% of the stock is owned by corporate insiders.

Shares of NASDAQ IDCC opened at $60.02 on Friday. The firm has a market cap of $1.82 billion, a P/E ratio of 79.12, a price-to-earnings-growth ratio of 2.77 and a beta of 1.15. The company has a current ratio of 4.71, a quick ratio of 4.71 and a debt-to-equity ratio of 0.46. InterDigital Wireless Inc has a 1-year low of $31.04 and a 1-year high of $66.26. The business’s 50 day moving average is $56.70 and its 200-day moving average is $53.60.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th were paid a dividend of $0.35 per share. The ex-dividend date was Tuesday, July 7th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.33%. InterDigital Wireless’s dividend payout ratio (DPR) is currently 212.12%.

A number of analysts have recently issued reports on IDCC shares. B. Riley reaffirmed a “buy” rating and issued a $90.00 price objective on shares of InterDigital Wireless in a research report on Thursday, July 16th. BidaskClub raised InterDigital Wireless from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Roth Capital reaffirmed a “market perform” rating and issued a $104.00 price objective on shares of InterDigital Wireless in a research report on Sunday, June 7th. ValuEngine cut InterDigital Wireless from a “buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Finally, Dougherty & Co reaffirmed a “buy” rating and issued a $87.00 price objective on shares of InterDigital Wireless in a research report on Sunday, June 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $92.75.

InterDigital Wireless Company Profile

InterDigital, Inc designs and develops technologies that enable and enhance wireless communications in the United States and internationally. It provides 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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Want to see what other hedge funds are holding IDCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for InterDigital Wireless Inc (NASDAQ:IDCC).

Institutional Ownership by Quarter for InterDigital Wireless (NASDAQ:IDCC)

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