BI Asset Management Fondsmaeglerselskab A S Has $13.85 Million Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

BI Asset Management Fondsmaeglerselskab A S cut its stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 34.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,513 shares of the Wireless communications provider's stock after selling 37,161 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned 0.28% of InterDigital worth $13,853,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC lifted its holdings in InterDigital by 24.8% in the third quarter. Sanctuary Advisors LLC now owns 6,376 shares of the Wireless communications provider's stock worth $903,000 after acquiring an additional 1,265 shares during the last quarter. World Investment Advisors LLC bought a new stake in InterDigital during the third quarter worth approximately $1,511,000. Tidal Investments LLC lifted its holdings in shares of InterDigital by 13.1% in the third quarter. Tidal Investments LLC now owns 10,923 shares of the Wireless communications provider's stock valued at $1,547,000 after buying an additional 1,269 shares during the period. GAMMA Investing LLC boosted its position in shares of InterDigital by 41.2% during the 4th quarter. GAMMA Investing LLC now owns 942 shares of the Wireless communications provider's stock valued at $182,000 after purchasing an additional 275 shares in the last quarter. Finally, CWA Asset Management Group LLC boosted its holdings in InterDigital by 24.4% during the fourth quarter. CWA Asset Management Group LLC now owns 8,847 shares of the Wireless communications provider's stock worth $1,714,000 after buying an additional 1,734 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction 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 completion of the sale, the chief technology officer now directly owns 52,396 shares in the company, valued at approximately $9,693,260. This trade represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard Brezski sold 9,602 shares of InterDigital stock in a transaction dated Tuesday, February 18th. The shares were 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 owns 102,555 shares of the company's stock, valued at approximately $22,070,861.55. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,833 shares of company stock worth $2,938,660. 2.30% of the stock is owned by corporate insiders.

InterDigital Trading Up 0.1 %

Shares of InterDigital stock traded up $0.12 on Thursday, reaching $191.66. 466,214 shares of the company were exchanged, compared to its average volume of 410,460. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a fifty-two week low of $97.51 and a fifty-two week high of $231.97. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. The stock has a fifty day moving average price of $207.43 and a 200-day moving average price of $190.31.

InterDigital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th were paid a $0.60 dividend. This is a positive change from InterDigital's previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a yield of 1.25%. InterDigital's dividend payout ratio (DPR) is currently 19.93%.

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.