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FACT FOCUS: Posts misrepresent Biden administration spending on EV charging stationsThe story so far: In August, U.S. Federal Judge Amit Mehta, in a tech industry-defining case, said Google had illegal monopoly power in the online search market. Following that landmark ruling, the U.S. Department of Justice (DOJ) on November 20, proposed large-scale remedies that go far beyond the Silicon Valley giant’s online search business. The proposals include possible divestment of Google’s Chrome and Android businesses. What does the U.S. DOJ proposal mean for Google? The DOJ, in its proposal, stressed that Google’s hold over the online search market had to be loosened so there can be more competition. The federal government unit has argued for a mandatory sale of the Chrome browser, possible divestment of the Android mobile operating system, a five-year-long ban on entering the browser market, and a restriction on paying third parties like Apple to make Google the default search engine on their products. Additionally, the DOJ has asked Google to provide publishers and content creators with the ability to block their data from being used to train AI models. The DOJ suggested the formation of a ‘Technical Committee’ to monitor how Google is implementing the various remedies. The proposal raised concerns about whether Google could use its AI technologies or business strategies such as acquisitions, mergers, and partnerships to bypass these remedies. Google will also have to make its search index available to rivals for a small fee and be more transparent about its search technologies. In essence, the regulator’s remedies are sweeping and intend on hitting where it hurts Google the most—its profits. The DOJ wants to make it so that “Google is prohibited from owning not only a browser—following its divestiture of Chrome it may not reenter the browser market for five years—but also from owning or acquiring any investment or interest in any search or search text ad rival, search distributor, or rival query-based AI product or ads technology.” What was Google’s response? Google strongly condemned the remedies as a “radical interventionist agenda.” “DOJ’s wildly overbroad proposal goes miles beyond the Court’s decision. It would break a range of Google products — even beyond Search — that people love and find helpful in their everyday lives,” said Kent Walker, President, Global Affairs & Chief Legal Officer, Google & Alphabet, in a blog post. The executive also listed out the potential dangers of the U.S. DOJ’s remedies. This included risking the security and privacy of millions of American users, forcing Google to disclose company and customer data to either domestic or foreign external companies, harming Google’s investments in AI, hurting Google’s business partners, impacting the ease of accessing Google Search, and normalising government micromanagement of a daily user’s internet experience. “DOJ’s approach would result in unprecedented government overreach that would harm American consumers, developers, and small businesses — and jeopardize America’s global economic and technological leadership at precisely the moment it’s needed most,” said Walker. How could the proposal affect Google’s Chrome users? When you buy a new phone, it might be natural to find Google’s search browsers or apps pre-installed and ready for you to use. The idea of intentionally finding and downloading a rival service that suits you better - such as Microsoft’s Bing, DuckDuckGo, Brave, Firefox, etc. - might not even cross your mind because Google is already present or is the easiest first choice. The DOJ’s proposals aim to break this chain for customers in America, by stopping Google from pushing its services as the go-to option for gadget users. For example, the DOJ’s filing proposed a “choice screen” even on Google devices to make sure that users can freely select either Google Search or a rival product as their default, without being nudged in Google’s direction. Needless to say, Google was not on board with this plan. “As just one example, DOJ’s proposal would literally require us to install not one but two separate choice screens before you could access Google Search on a Pixel phone you bought. And the design of those choice screens would have to be approved by the Technical Committee. And that’s just a small part of it. We wish we were making this up,” commented the company in its blog post. What are the next steps? The ball is now in U.S. District Judge Amit Mehta’s court, where the remedies will be evaluated next April. Google is also expected to propose its own remedies before Judge Mehta. Meanwhile, the DOJ will file a revised proposed final argument on March 7, 2025. It will continue to monitor Google’s activities and business operations to see if any other changes or remedies need to be added. A transition in the White House can’t be ignored as it is unclear how president-elect Donald Trump might weigh in on the legal matter. Trump had earlier threatened to shut down the search giant but backtracked later. On the other hand, Judge Mehta said the April 2025 trial would not be moved to accommodate late proposal revision requests by Trump-appointed DOJ officials. Published - November 30, 2024 02:54 pm IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit CCI orders investigation into Google following complaint from real money gaming platform WinZO U.S. regulator opens wide-ranging antitrust probe into Microsoft Google asks U.S. appeals court to reject app store monopoly verdict Google makes closing arguments in trial alleging its ad tech constitutes an illegal monopoly technology (general) / internet / Artificial Intelligence / litigation and regulation / antitrust issue / The Hindu Explains
SANTA CLARA, Calif. , Dec. 13, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on January 30, 2025 to shareholders of record as of January 10, 2025 . About Marvell To deliver the data infrastructure technology that connects the world, we're building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world's leading technology companies for over 25 years, we move, store, process and secure the world's data with semiconductor solutions designed for our customers' current needs and future ambitions. Through a process of deep collaboration and transparency, we're ultimately changing the way tomorrow's enterprise, cloud, automotive, and carrier architectures transform—for the better. Marvell® and the Marvell logo are registered trademarks of Marvell and/or its affiliates. For further information, contact: Ashish Saran Senior Vice President, Investor Relations 408-222-0777 ir@marvell.com View original content to download multimedia: https://www.prnewswire.com/news-releases/marvell-technology-inc-declares-quarterly-dividend-payment-302331636.html SOURCE MarvellNone
CHATTANOOGA, Tenn. (AP) — Makai Richards had 17 points in Chattanooga's 84-76 victory against Bryant on Wednesday. Richards added five rebounds for the Mocs (5-3). Trey Bonham shot 4 of 11 from the field, including 2 for 8 from 3-point range, and went 5 for 7 from the line to add 15 points. Sean Cusano went 5 of 7 from the field (3 for 4 from 3-point range) to finish with 13 points. Earl Timberlake led the Bulldogs (4-4) in scoring, finishing with 18 points, six rebounds and six assists. Bryant also got 16 points from Rafael Pinzon. Jakai Robinson finished with 12 points, six rebounds and two blocks. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Waldron Private Wealth LLCApple products are undeniably impressive, but their premium price tags often make them feel out of reach for many. If a tablet has been on your wishlist, or you’re searching for a standout last-minute gift, the Apple iPad (10th Gen) , currently discounted, could be the perfect choice. This tablet, which comes in four color options, features a modern, sleek design. You’ll get a 10.9-inch Liquid Retina display that does a great job of bringing your content to life with crisp details and vibrant colors. The edge-to-edge design maximizes screen space and makes the iPad feel sleek and contemporary, which is perfect for both work and play. This 10th-generation Apple iPad is powered by the A14 Bionic chip, which makes multitasking easier than ever. You will be able to do everything from switching between apps, editing high-resolution photos, and even gaming. The all-day battery life is another bonus, which means you won’t have to worry about charging constantly. If creativity is on your mind, pair it with the Apple Pencil (sold separately). This will help you use it for sketching, note-taking, or annotating documents with precision. And with all that creativity and multitasking, you’ll need space to store your work. The 10th-generation iPad offers storage options to fit your needs, starting with 64 GB for everyday tasks. Some other features that deserve a mention are the 12MP Ultra Wide front camera with Center Stage and the fast Wi-Fi 6 connectivity for easy streaming and downloads. The Touch ID feature adds convenience as well, by allowing you to perform actions with just a tap. Grab this Apple iPad (64 GB, Wi-Fi only) for $279 after a 20% discount. Four colors are available at this price: blue, pink, silver, and yellow. The silver model also has an additional $29.01 on-page coupon. Also check out the options for 256 GB and Wi-Fi + Cellular, as well as a bundle with AppleCare+. Apple iPad (10th Gen) Make Tech Easier may earn commission on products purchased through our links, which supports the work we do for our readers. Our latest tutorials delivered straight to your inbox Zainab is an Actuarial Sciences graduate from Pakistan with a passion for technology. When she's not busy writing insightful pieces on Windows and the latest tech trends, you'll find her with her nose buried in a productivity book, always on the lookout for ways to optimize her workflow and stay ahead of the curve.Bryce Lindsay scores 18 to lead James Madison over Utah Valley 78-61
CARSON, Calif. — Joseph Paintsil and Dejan Joveljic scored in the first half, and the LA Galaxy won their record sixth MLS Cup championship with a 2-1 victory over the New York Red Bulls on Saturday. After striking twice in the first 13 minutes of the final with goals from their star forwards, the Galaxy nursed their lead through a scoreless second half to raise their league's biggest trophy for the first time since 2014. MLS' most successful franchise struggled through most of the ensuing decade, even finishing 26th in the 29-team league last year. But the Galaxy turned everything around this season with a high-scoring new lineup that finished second in the Western Conference and then streaked through the playoffs with a whopping 18 goals in five games to win another crown. Sean Nealis scored for the seventh-seeded Red Bulls, whose improbable charge through the playoffs ended one win shy of its first Cup championship. With the league's youngest roster, New York fell just short of becoming the lowest-seeded team to win MLS' playoff tournament under first-year German coach Sandro Schwarz. Galaxy goalkeeper John McCarthy made four saves to win his second MLS title in three seasons. He was the MVP of the 2022 MLS Cup Final for the Galaxy's crosstown rival, Los Angeles FC. The Galaxy won this title without perhaps their most important player. Riqui Puig, the playmaking midfielder from Barcelona who ran their offense impressively all season long, tore a ligament in his knee last week in the Western Conference final. Puig watched the game in a suit, but his teammates hadn't forgotten him: After his replacement, Gastón Brugman, set up LA's opening goal with a superb pass, Paintsil held up Puig's jersey to their fans during the celebration. Paintsil put the Galaxy ahead in the ninth minute when he ran onto that sublime pass from Brugman and pounded home his 14th MLS goal — including four in the playoffs — in the Ghanaian forward's outstanding first season. Just four minutes later, Joveljic sprinted past four New York defenders and chipped home the 21st goal of his outstanding year as the Galaxy's striker. Nealis got New York on the scoreboard in the 28th minute when he volleyed home a ball that got loose in LA's penalty area after a corner. The Galaxy's usually shaky defense gave up another handful of good chances before reaching halftime with a tenuous lead. The second half was lively, but scoreless. Red Bulls captain Emil Forsberg hit the outside of the post in the 72nd minute, while Gabriel Pec and Galaxy substitute Marco Reus nearly converted chances a few moments later. The ball got loose again in the Galaxy's penalty area in the third minute of extra time, but two Red Bulls couldn't finish. The Galaxy bench rushed onto the field and prematurely celebrated a victory in the seventh minute of injury time, only to be herded back off for another 30 seconds of play. The Galaxy finished 17-0-3 this season at their frequently renamed suburban stadium, where the sellout crowd of 26,812 for the final included several robust cheering sections of traveling Red Bulls supporters hoping to see their New Jersey-based club's breakthrough on MLS' biggest stage. The Galaxy's Greg Vanney became the fourth coach to win an MLS title with two clubs. The former Galaxy player also won it all with Toronto in 2017. The club famous for employing global stars from David Beckham and Zlatan Ibrahimovic to Robbie Keane and Javier "Chicharito" Hernández rebuilt itself this season with lesser-known young talents from around the world. The Galaxy signed Pec from Brazil and the Ghanaian Paintsil out of Belgium, and the duo combined with incumbent Serbian striker Joveljic to form a potent attack that could outscore almost any MLS opponent. But the Galaxy also relied heavily on Puig, their Catalan catalyst and one of MLS' best players. Puig stayed in last week's game after injuring his knee, and he even delivered the decisive pass to Joveljic for the game's only goal.Stock market today: Wall Street stabilizes after Wednesday's sell-offNEW YORK (AP) — U.S. stocks are stabilizing Thursday following one of their worst days of the year . The S&P 500 rose 0.2% in late trading, a day after tumbling 2.9% when the Federal Reserve said it may deliver fewer cuts to interest rates next year than earlier thought. The Dow Jones Industrial Average was up 136 points, or 0.3%, with less than an hour remaining in trading, following Wednesday’s drop of more than 1,100 points. The Nasdaq composite rose 0.3%. Wednesday’s drop took some of the enthusiasm out of the market, which critics had already been warning was overly buoyant and would need everything to go correctly for it to justify its high prices. But indexes remain near their records , and the S&P 500 is still on track for one of its best years of the millennium . Traders are now expecting the Federal Reserve to deliver just one or maybe two cuts to interest rates next year, according to data from CME Group. Some are even betting on none. A month ago, the majority saw at least two cuts in 2025 as a safe bet. Wall Street loves lower interest rates because they give the economy a boost and goose prices for investments, but they can also provide fuel for inflation. Darden Restaurants, the company behind Olive Garden and other chains, helped lift the market after leaping 15.1%. It delivered profit for the latest quarter that edged past analysts’ expectations. The operator of LongHorn Steakhouses also gave a forecast for revenue for this fiscal year that topped analysts’. Accenture rose 6.7% after the professional services company likewise topped expectations for profit in the latest quarter. CEO Julie Sweet said it saw growth around the world, and the company raised its forecast for revenue this fiscal year. Amazon shares added 1.8%, even as workers at seven of its facilities went on strike Thursday in the middle of the online retail giant’s busiest time of the year. Amazon says it doesn’t expect an impact on its operations during what the workers’ union calls the largest strike against the company in U.S. history. They helped offset a tumble for Micron Technology, which fell 16.7% despite reporting stronger profit than expected. The computer memory company’s revenue fell short of Wall Street’s forecasts, and CEO Sanjay Mehrotra said it expects demand from consumers to remain weaker in the near term. It gave a forecast for revenue in the current quarter that fell well short of what analysts were thinking. Lamb Weston, which makes French fries and other potato products, dropped 22.6% after falling short of analysts’ expectations for profit and revenue in the latest quarter. It also cut its financial targets for the fiscal year, saying demand for frozen potatoes is continuing to soften, particularly outside North America. The company replaced its chief executive. In the bond market, yields were mixed a day after shooting higher on expectations that the Fed would deliver fewer cuts to rates in 2025. Reports on the U.S. economy came in mixed. One showed the overall economy grew at a 3.1% annualized rate during the summer, faster than earlier thought. The economy has remained remarkably resilient even though the Fed held its main interest rate at a two-decade high for a while before beginning to cut them in September. A separate report showed fewer U.S. workers applied for unemployment benefits last week, an indication that the job market also remains solid. But a third report said manufacturing in the mid-Atlantic region is unexpectedly contracting again despite economists’ expectations for growth. The yield on the 10-year Treasury rose to 4.57% from 4.52% late Wednesday and from less than 4.20% earlier this month. But the two-year yield, which more closely tracks expectations for action by the Fed in the near term, eased back to 4.31% from 4.35%. The rise in longer-term yields has put pressure on the housing market by keeping mortgage rates higher. Homebuilder Lennar fell 4.8% after it reported weaker profit and revenue for the latest quarter than analysts expected. CEO Stuart Miller said that “the housing market that appeared to be improving as the Fed cut short-term interest rates, proved to be far more challenging as mortgage rates rose” through the quarter. “Even while demand remained strong, and the chronic supply shortage continued to drive the market, our results were driven by affordability limitations from higher interest rates,” he said. A report on Thursday may have offered some encouragement for the housing industry. It showed a pickup in sales of previously occupied homes. In stock markets abroad, London’s FTSE 100 fell 1.1% after the Bank of England paused its cuts to rates and kept its main interest rate unchanged on Thursday. The move comes as inflation there moved further above the central bank’s 2% target rate, while the British economy is flatlining at best. The Bank of Japan also kept its benchmark interest rate unchanged, and Tokyo’s Nikkei 225 fell 0.7%. Indexes likewise sank across much of the rest of Asia and Europe. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.
Major stock indexes on Wall Street drifted to a mixed finish Friday, capping a rare bumpy week for the market. The S&P 500 ended essentially flat, down less than 0.1%, after wavering between tiny gains and losses most of the day. The benchmark index posted a loss for the week, its first after three straight weekly gains. The Dow Jones Industrial Average slipped 0.2%, while the Nasdaq composite rose 0.1%, ending just below the record high it set on Wednesday. There were more than twice as many decliners than gainers on the New York Stock Exchange. Gains in technology stocks helped temper losses in communication services, financials and other sectors of the market. Broadcom surged 24.4% for the biggest gain in the S&P 500 after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. The company also raised its dividend. The company's big gain helped cushion the market's broader fall. Pricey stock values for technology companies like Broadcom give the sector more weight in pushing the market higher or lower. Artificial intelligence technology has been a focal point for the technology sector and the overall stock market over the last year. Tech companies, and Wall Street, expect demand for AI to continue driving growth for semiconductor and other technology companies. Some tech stocks were a drag on the market. Nvidia fell 2.2%, Meta Platforms dropped 1.7% and Google parent Alphabet slid 1.1%. Among the market's other decliners were Airbnb, which fell 4.7% for the biggest loss in the S&P 500, and Charles Schwab, which closed 4% lower. Furniture and housewares company RH, formerly known as Restoration Hardware, surged 17% after raising its forecast for revenue growth for the year. All told, the S&P 500 lost 0.16 points to close at 6,051.09. The Dow dropped 86.06 points to 43,828.06. The Nasdaq rose 23.88 points to 19,926.72. Wall Street's rally stalled this week amid mixed economic reports and ahead of the Federal Reserve's last meeting of the year. The central bank will meet next week and is widely expected to cut interest rates for a third time since September. Expectations of a series of rate cuts has driven the S&P 500 to 57 all-time highs so far this year . The Fed has been lowering its benchmark interest rate following an aggressive rate hiking policy that was meant to tame inflation. It raised rates from near-zero in early 2022 to a two-decade high by the middle of 2023. Inflation eased under pressure from higher interest rates, nearly to the central bank's 2% target. The economy, including consumer spending and employment, held strong despite the squeeze from inflation and high borrowing costs. A slowing job market, though, has helped push a long-awaited reversal of the Fed's policy. Inflation rates have been warming up slightly over the last few months. A report on consumer prices this week showed an increase to 2.7% in November from 2.6% in October. The Fed's preferred measure of inflation, the personal consumption expenditures index, will be released next week. Wall Street expects it to show a 2.5% rise in November, up from 2.3% in October. The economy, though, remains solid heading into 2025 as consumers continue spending and employment remains healthy, said Gregory Daco, chief economist at EY. “Still, the outlook is clouded by unusually high uncertainty surrounding regulatory, immigration, trade and tax policy,” he said. Treasury yields edged higher. The yield on the 10-year Treasury rose to 4.40% from 4.34% late Thursday. European markets slipped. Britain's FTSE 100 fell 0.1%. Britain’s economy unexpectedly shrank by 0.1% month-on-month in October, following a 0.1% decline in September, according to data from the Office for National Statistics. Asian markets closed mostly lower.Is Realty Income a Millionaire-Maker Stock?
Trump says US should stay out of fighting in Syria as opposition forces gain ground
CARSON, Calif. — Joseph Paintsil and Dejan Joveljic scored in the first half, and the LA Galaxy won their record sixth MLS Cup championship with a 2-1 victory over the New York Red Bulls on Saturday. After striking twice in the first 13 minutes of the final with goals from their star forwards, the Galaxy nursed their lead through a scoreless second half to raise their league's biggest trophy for the first time since 2014. MLS' most successful franchise struggled through most of the ensuing decade, even finishing 26th in the 29-team league last year. But the Galaxy turned everything around this season with a high-scoring new lineup that finished second in the Western Conference and then streaked through the playoffs with a whopping 18 goals in five games to win another crown. Sean Nealis scored for the seventh-seeded Red Bulls, whose improbable charge through the playoffs ended one win shy of its first Cup championship. With the league's youngest roster, New York fell just short of becoming the lowest-seeded team to win MLS' playoff tournament under first-year German coach Sandro Schwarz. Galaxy goalkeeper John McCarthy made four saves to win his second MLS title in three seasons. He was the MVP of the 2022 MLS Cup Final for the Galaxy's crosstown rival, Los Angeles FC. The Galaxy won this title without perhaps their most important player. Riqui Puig, the playmaking midfielder from Barcelona who ran their offense impressively all season long, tore a ligament in his knee last week in the Western Conference final. Puig watched the game in a suit, but his teammates hadn't forgotten him: After his replacement, Gastón Brugman, set up LA's opening goal with a superb pass, Paintsil held up Puig's jersey to their fans during the celebration. Paintsil put the Galaxy ahead in the ninth minute when he ran onto that sublime pass from Brugman and pounded home his 14th MLS goal — including four in the playoffs — in the Ghanaian forward's outstanding first season. Just four minutes later, Joveljic sprinted past four New York defenders and chipped home the 21st goal of his outstanding year as the Galaxy's striker. Nealis got New York on the scoreboard in the 28th minute when he volleyed home a ball that got loose in LA's penalty area after a corner. The Galaxy's usually shaky defense gave up another handful of good chances before reaching halftime with a tenuous lead. The second half was lively, but scoreless. Red Bulls captain Emil Forsberg hit the outside of the post in the 72nd minute, while Gabriel Pec and Galaxy substitute Marco Reus nearly converted chances a few moments later. The ball got loose again in the Galaxy's penalty area in the third minute of extra time, but two Red Bulls couldn't finish. The Galaxy bench rushed onto the field and prematurely celebrated a victory in the seventh minute of injury time, only to be herded back off for another 30 seconds of play. The Galaxy finished 17-0-3 this season at their frequently renamed suburban stadium, where the sellout crowd of 26,812 for the final included several robust cheering sections of traveling Red Bulls supporters hoping to see their New Jersey-based club's breakthrough on MLS' biggest stage. The Galaxy's Greg Vanney became the fourth coach to win an MLS title with two clubs. The former Galaxy player also won it all with Toronto in 2017. The club famous for employing global stars from David Beckham and Zlatan Ibrahimovic to Robbie Keane and Javier "Chicharito" Hernández rebuilt itself this season with lesser-known young talents from around the world. The Galaxy signed Pec from Brazil and the Ghanaian Paintsil out of Belgium, and the duo combined with incumbent Serbian striker Joveljic to form a potent attack that could outscore almost any MLS opponent. But the Galaxy also relied heavily on Puig, their Catalan catalyst and one of MLS' best players. Puig stayed in last week's game after injuring his knee, and he even delivered the decisive pass to Joveljic for the game's only goal.
Algert Global LLC decreased its holdings in InterDigital, Inc. ( NASDAQ:IDCC – Free Report ) by 68.3% in the third quarter, Holdings Channel reports. The firm owned 4,878 shares of the Wireless communications provider’s stock after selling 10,530 shares during the period. Algert Global LLC’s holdings in InterDigital were worth $691,000 as of its most recent SEC filing. Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Transcendent Capital Group LLC acquired a new stake in InterDigital in the third quarter worth about $25,000. V Square Quantitative Management LLC acquired a new stake in InterDigital in the 3rd quarter worth approximately $26,000. 1620 Investment Advisors Inc. purchased a new stake in InterDigital during the 2nd quarter worth approximately $29,000. GAMMA Investing LLC increased its stake in InterDigital by 50.8% during the 2nd quarter. GAMMA Investing LLC now owns 368 shares of the Wireless communications provider’s stock valued at $43,000 after purchasing an additional 124 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of InterDigital by 38.0% in the second quarter. Nisa Investment Advisors LLC now owns 396 shares of the Wireless communications provider’s stock worth $46,000 after buying an additional 109 shares during the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors. InterDigital Stock Down 0.2 % NASDAQ:IDCC opened at $195.96 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.62 and a quick ratio of 1.62. The company’s fifty day moving average price is $161.70 and its 200-day moving average price is $137.10. InterDigital, Inc. has a 1-year low of $95.33 and a 1-year high of $199.79. The firm has a market capitalization of $4.97 billion, a P/E ratio of 20.94, a PEG ratio of 0.82 and a beta of 1.38. InterDigital Increases Dividend Insider Buying and Selling at InterDigital In related news, Director John A. Kritzmacher sold 2,500 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $138.72, for a total transaction of $346,800.00. Following the sale, the director now directly owns 20,279 shares of the company’s stock, valued at approximately $2,813,102.88. This represents a 10.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink . Also, insider Joshua D. Schmidt sold 140 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $182.19, for a total transaction of $25,506.60. Following the sale, the insider now owns 24,138 shares in the company, valued at approximately $4,397,702.22. This represents a 0.58 % decrease in their position. The disclosure for this sale can be found here . In the last quarter, insiders sold 3,340 shares of company stock worth $472,253. Insiders own 2.30% of the company’s stock. Wall Street Analysts Forecast Growth IDCC has been the topic of several research reports. Roth Mkm upped their target price on InterDigital from $146.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. StockNews.com cut InterDigital from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Read Our Latest Research Report on IDCC About InterDigital ( Free Report ) InterDigital, Inc operates as a global research and development company with focus primarily on wireless, visual, artificial intelligence (AI), and related technologies. The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing such products and services, including makers of wireless communications, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming. Featured Articles Want to see what other hedge funds are holding IDCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for InterDigital, Inc. ( NASDAQ:IDCC – Free Report ). Receive News & Ratings for InterDigital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterDigital and related companies with MarketBeat.com's FREE daily email newsletter .NoneNo. 10 Marquette 94, W. Carolina 62
