Oppenheimer Asset Management Inc. Invests $359,000 in InterDigital, Inc. (NASDAQ:IDCC)

Oppenheimer Asset Management Inc. bought a new stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,855 shares of the Wireless communications provider's stock, valued at approximately $359,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Transcendent Capital Group LLC bought a new stake in shares of InterDigital during the 3rd quarter worth approximately $25,000. Global Retirement Partners LLC increased its holdings in InterDigital by 504.5% during the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock worth $26,000 after buying an additional 111 shares during the last quarter. Mendota Financial Group LLC raised its position in InterDigital by 14,500.0% during the fourth quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider's stock worth $57,000 after acquiring an additional 290 shares in the last quarter. R Squared Ltd acquired a new stake in InterDigital in the fourth quarter valued at $70,000. Finally, Nisa Investment Advisors LLC grew its position in shares of InterDigital by 58.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 629 shares of the Wireless communications provider's stock valued at $89,000 after acquiring an additional 233 shares during the period. Institutional investors own 99.83% of the company's stock.

InterDigital Stock Performance

NASDAQ IDCC traded down $4.74 during trading on Monday, reaching $210.54. 387,424 shares of the company's stock were exchanged, compared to its average volume of 391,687. InterDigital, Inc. has a fifty-two week low of $95.33 and a fifty-two week high of $231.96. The stock has a market capitalization of $5.41 billion, a P/E ratio of 17.49, a PEG ratio of 1.57 and a beta of 1.45. The business has a 50 day moving average price of $195.60 and a 200-day moving average price of $174.46. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70.

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InterDigital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.60 per share. This is an increase from InterDigital's previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 annualized dividend and a yield of 1.14%. InterDigital's dividend payout ratio (DPR) is currently 19.93%.

Insiders Place Their Bets

In other InterDigital news, CFO Richard Brezski sold 9,602 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $215.21, for a total value of $2,066,446.42. Following the transaction, the chief financial officer now directly owns 102,555 shares of the company's stock, valued at $22,070,861.55. This represents a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eeva K. Hakoranta sold 350 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total value of $75,078.50. Following the sale, the insider now owns 30,537 shares of the company's stock, valued at approximately $6,550,491.87. This represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,134 shares of company stock valued at $4,678,770 over the last ninety days. 2.30% of the stock is currently owned by company insiders.

InterDigital Company Profile

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.