16,538 Shares in InterDigital, Inc. (NASDAQ:IDCC) Bought by Townsquare Capital LLC

Townsquare Capital LLC bought a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 16,538 shares of the Wireless communications provider's stock, valued at approximately $3,204,000. Townsquare Capital LLC owned about 0.07% of InterDigital as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of IDCC. Congress Asset Management Co. purchased a new stake in shares of InterDigital in the fourth quarter valued at $62,583,000. Reinhart Partners LLC. grew its holdings in InterDigital by 83.8% during the 4th quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider's stock valued at $69,785,000 after purchasing an additional 164,223 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in InterDigital in the 4th quarter worth about $19,572,000. Norges Bank purchased a new stake in InterDigital in the 4th quarter worth about $17,387,000. Finally, Boston Partners lifted its stake in InterDigital by 5.5% in the fourth quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider's stock worth $311,654,000 after purchasing an additional 83,794 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors.

Insider Activity

In other InterDigital news, CFO Richard Brezski sold 9,602 shares of InterDigital stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total transaction of $2,066,446.42. Following the completion of the sale, the chief financial officer now directly owns 102,555 shares of the company's stock, valued at $22,070,861.55. The trade was a 8.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $185.00, for a total value of $129,500.00. Following the transaction, the chief technology officer now directly owns 52,396 shares in the company, valued at $9,693,260. The trade was a 1.32 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,833 shares of company stock valued at $2,938,660. 2.30% of the stock is currently owned by company insiders.

InterDigital Trading Down 3.9 %

Shares of IDCC traded down $7.71 during mid-day trading on Friday, reaching $189.27. 328,595 shares of the company's stock traded hands, compared to its average volume of 413,202. InterDigital, Inc. has a 12 month low of $96.48 and a 12 month high of $231.97. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70. The stock has a market cap of $4.86 billion, a P/E ratio of 15.72, a P/E/G ratio of 1.57 and a beta of 1.44. The stock's 50-day moving average is $208.98 and its two-hundred day moving average is $190.04.

InterDigital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a $0.60 dividend. This is a positive change from InterDigital's previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a yield of 1.27%. InterDigital's dividend payout ratio (DPR) is presently 19.93%.

About InterDigital

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.