Aurora Investment Counsel Buys New Position in InterDigital, Inc. (NASDAQ:IDCC)

Aurora Investment Counsel purchased a new position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,043 shares of the Wireless communications provider's stock, valued at approximately $1,171,000.

A number of other institutional investors also recently made changes to their positions in the stock. HighTower Advisors LLC raised its holdings in shares of InterDigital by 1.9% in the fourth quarter. HighTower Advisors LLC now owns 6,309 shares of the Wireless communications provider's stock worth $1,222,000 after acquiring an additional 120 shares during the last quarter. Inspire Advisors LLC acquired a new stake in InterDigital in the 4th quarter worth about $3,146,000. Moran Wealth Management LLC boosted its stake in InterDigital by 3.3% in the 4th quarter. Moran Wealth Management LLC now owns 4,086 shares of the Wireless communications provider's stock worth $792,000 after buying an additional 130 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in InterDigital by 55.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,588 shares of the Wireless communications provider's stock worth $2,051,000 after buying an additional 3,789 shares during the last quarter. Finally, Amundi boosted its stake in InterDigital by 57.0% in the 4th quarter. Amundi now owns 20,897 shares of the Wireless communications provider's stock worth $3,989,000 after buying an additional 7,586 shares during the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

InterDigital Trading Down 0.3 %

NASDAQ:IDCC traded down $0.58 during mid-day trading on Tuesday, reaching $219.05. The company's stock had a trading volume of 337,540 shares, compared to its average volume of 413,228. The company's fifty day simple moving average is $197.52 and its two-hundred day simple moving average is $177.77. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70. InterDigital, Inc. has a twelve month low of $95.33 and a twelve month high of $231.97. The stock has a market cap of $5.63 billion, a P/E ratio of 18.19, a P/E/G ratio of 1.57 and a beta of 1.45.

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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 paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.10%. This is a positive change from InterDigital's previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, April 9th. InterDigital's dividend payout ratio (DPR) is presently 19.93%.

Insiders Place Their Bets

In other news, insider Eeva K. Hakoranta sold 350 shares of the firm'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 transaction, the insider now directly owns 30,537 shares in the company, valued at $6,550,491.87. This trade represents a 1.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Richard Brezski sold 9,602 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 102,555 shares in the company, valued at approximately $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. In the last ninety days, insiders have sold 23,134 shares of company stock valued at $4,678,770. 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.