Asset Management One Co. Ltd. Sells 4,055 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Asset Management One Co. Ltd. reduced its stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 15.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,395 shares of the Wireless communications provider's stock after selling 4,055 shares during the period. Asset Management One Co. Ltd. owned approximately 0.08% of InterDigital worth $4,171,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in IDCC. Natixis Advisors LLC acquired a new position in InterDigital during the 3rd quarter valued at approximately $1,427,000. Flagship Harbor Advisors LLC acquired a new position in shares of InterDigital in the fourth quarter valued at approximately $338,000. Kovitz Investment Group Partners LLC acquired a new position in InterDigital during the 3rd quarter worth approximately $380,000. Reinhart Partners LLC. boosted its holdings in shares of InterDigital by 83.8% in the 4th quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider's stock valued at $69,785,000 after buying an additional 164,223 shares in the last quarter. Finally, Olympiad Research LP purchased a new stake in InterDigital in the 3rd quarter valued at $475,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at InterDigital

In other news, CFO Richard Brezski sold 9,602 shares of the business's 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 transaction, the chief financial officer now owns 102,555 shares of the company's stock, valued at approximately $22,070,861.55. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eeva K. Hakoranta sold 350 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total value of $75,078.50. Following the completion of the transaction, the insider now directly owns 30,537 shares of the company's stock, valued at approximately $6,550,491.87. The trade was a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,134 shares of company stock valued at $4,678,770 over the last 90 days. 2.30% of the stock is owned by company insiders.

InterDigital Stock Down 2.7 %

Shares of NASDAQ IDCC traded down $5.95 during trading hours on Friday, hitting $211.06. The stock had a trading volume of 112,714 shares, compared to its average volume of 389,443. The firm's 50-day moving average price is $191.85 and its two-hundred day moving average price is $168.38. InterDigital, Inc. has a 52 week low of $95.33 and a 52 week high of $218.76. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70. The company has a market capitalization of $5.42 billion, a P/E ratio of 17.53, a P/E/G ratio of 1.57 and a beta of 1.44.

InterDigital Increases Dividend

The business 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 annualized dividend and a yield of 1.14%. InterDigital's dividend payout ratio is presently 14.95%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of InterDigital from a "buy" rating to a "hold" rating in a research note on Monday, November 4th.

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.