Advisory Services Network LLC Sells 4,073 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Advisory Services Network LLC trimmed its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 17.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,781 shares of the Wireless communications provider's stock after selling 4,073 shares during the quarter. Advisory Services Network LLC owned 0.07% of InterDigital worth $3,638,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Boston Partners boosted its position in InterDigital by 5.5% during the 4th quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider's stock worth $311,654,000 after acquiring an additional 83,794 shares during the last quarter. Geode Capital Management LLC increased its stake in InterDigital by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 594,745 shares of the Wireless communications provider's stock valued at $115,240,000 after buying an additional 1,991 shares during the last quarter. Reinhart Partners LLC. lifted its position in InterDigital by 83.8% during the 4th quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider's stock worth $69,785,000 after buying an additional 164,223 shares in the last quarter. Invesco Ltd. boosted its stake in shares of InterDigital by 4.7% during the 4th quarter. Invesco Ltd. now owns 327,851 shares of the Wireless communications provider's stock worth $63,511,000 after buying an additional 14,809 shares during the last quarter. Finally, Congress Asset Management Co. acquired a new position in shares of InterDigital during the 4th quarter worth about $62,583,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at InterDigital

In other news, insider Eeva K. Hakoranta sold 350 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total value of $75,078.50. Following the sale, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard Brezski sold 9,602 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were 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 owns 102,555 shares of the company's stock, valued at $22,070,861.55. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,833 shares of company stock worth $2,938,660 in the last 90 days. Corporate insiders own 2.30% of the company's stock.

InterDigital Stock Up 0.8 %

Shares of NASDAQ:IDCC traded up $1.61 during midday trading on Tuesday, reaching $203.37. The company had a trading volume of 46,520 shares, compared to its average volume of 413,706. InterDigital, Inc. has a 1-year low of $95.36 and a 1-year high of $231.97. The stock has a market cap of $5.22 billion, a PE ratio of 16.89, a P/E/G ratio of 1.57 and a beta of 1.44. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. The business's 50 day moving average price is $210.03 and its 200 day moving average price is $188.60.

InterDigital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.18%. This is a boost from InterDigital's previous quarterly dividend of $0.45. InterDigital's dividend payout ratio is currently 19.93%.

InterDigital 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.