Atria Investments Inc Makes New $511,000 Investment in InterDigital, Inc. (NASDAQ:IDCC)

Atria Investments Inc acquired a new position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,640 shares of the Wireless communications provider's stock, valued at approximately $511,000.

A number of other large investors have also recently made changes to their positions in IDCC. Global Retirement Partners LLC increased its stake in InterDigital by 504.5% in the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock valued at $26,000 after purchasing an additional 111 shares in the last quarter. Mendota Financial Group LLC raised its position in shares of InterDigital by 14,500.0% in the 4th quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider's stock worth $57,000 after buying an additional 290 shares during the period. R Squared Ltd purchased a new position in InterDigital in the fourth quarter valued at about $70,000. Smartleaf Asset Management LLC raised its position in InterDigital by 468.8% in the fourth 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 period. Finally, Steward Partners Investment Advisory LLC increased its position in shares of InterDigital by 1,209.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 668 shares of the Wireless communications provider's stock worth $129,000 after acquiring an additional 617 shares during the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

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InterDigital Stock Up 2.5 %

Shares of NASDAQ IDCC traded up $5.53 during midday trading on Monday, reaching $222.62. 220,506 shares of the company's stock were exchanged, compared to its average volume of 381,700. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $231.96. The stock has a market capitalization of $5.72 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. 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 business's fifty day moving average price is $197.16 and its two-hundred day moving average price is $177.19.

InterDigital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.08%. This is an increase from InterDigital's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, April 9th. InterDigital's dividend payout ratio (DPR) is 19.93%.

Insider Buying and Selling at InterDigital

In related news, CTO Rajesh Pankaj sold 700 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $185.00, for a total transaction of $129,500.00. Following the sale, the chief technology officer now owns 52,396 shares of the company's stock, valued at $9,693,260. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard Brezski sold 9,602 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total value of $2,066,446.42. Following the sale, the chief financial officer now directly owns 102,555 shares in the company, valued at approximately $22,070,861.55. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,134 shares of company stock worth $4,678,770 over the last ninety days. Company insiders own 2.30% of the company's stock.

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.