InterDigital, Inc. (NASDAQ:IDCC) Shares Purchased by Amundi

Amundi boosted its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 57.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,897 shares of the Wireless communications provider's stock after acquiring an additional 7,586 shares during the period. Amundi owned 0.08% of InterDigital worth $3,989,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IDCC. Global Retirement Partners LLC grew its stake in InterDigital by 504.5% during the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock valued at $26,000 after acquiring an additional 111 shares in the last quarter. Mendota Financial Group LLC boosted its holdings in InterDigital by 14,500.0% in the 4th quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider's stock valued at $57,000 after purchasing an additional 290 shares during the last quarter. R Squared Ltd acquired a new position in InterDigital in the 4th quarter valued at about $70,000. Smartleaf Asset Management LLC boosted its holdings in InterDigital by 468.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider's stock valued at $121,000 after purchasing an additional 511 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its holdings in InterDigital by 22.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 902 shares of the Wireless communications provider's stock valued at $128,000 after purchasing an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company's stock.

Remove Ads

InterDigital Trading Down 0.6 %

NASDAQ:IDCC traded down $1.43 on Thursday, hitting $219.42. The stock had a trading volume of 264,442 shares, compared to its average volume of 411,646. 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 stock has a market cap of $5.64 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 1.57 and a beta of 1.45. The company has a fifty day moving average price of $198.76 and a two-hundred day moving average price of $178.64. InterDigital, Inc. has a 1-year low of $95.33 and a 1-year high of $231.97.

InterDigital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.09%. This is a positive change from InterDigital's previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, April 9th. InterDigital's payout ratio is presently 19.93%.

Insider Buying and Selling at InterDigital

In other InterDigital news, insider Joshua D. Schmidt sold 1,781 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $218.00, for a total value of $388,258.00. Following the transaction, the insider now directly owns 24,395 shares in the company, valued at $5,318,110. The trade was a 6.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Lawrence Liren Chen sold 5,891 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $189.12, for a total transaction of $1,114,105.92. Following the completion of the transaction, the chief executive officer now owns 158,652 shares in the company, valued at approximately $30,004,266.24. This represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,024 shares of company stock worth $3,916,280 in the last ninety days. 2.30% of the stock is owned by 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.