Boston Partners raised its stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,619,545 shares of the Wireless communications provider's stock after purchasing an additional 83,794 shares during the period. Boston Partners owned 6.39% of InterDigital worth $311,654,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of IDCC. One Wealth Advisors LLC grew its stake in shares of InterDigital by 1.8% in the fourth quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider's stock valued at $697,000 after acquiring an additional 64 shares in the last quarter. Savant Capital LLC grew its stake in InterDigital by 2.8% during the fourth quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider's stock worth $461,000 after buying an additional 64 shares in the last quarter. Captrust Financial Advisors grew its stake in InterDigital by 0.5% during the third quarter. Captrust Financial Advisors now owns 13,876 shares of the Wireless communications provider's stock worth $1,965,000 after buying an additional 68 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in InterDigital by 0.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the Wireless communications provider's stock worth $2,383,000 after buying an additional 100 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in InterDigital by 504.5% during the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock worth $26,000 after buying an additional 111 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.
InterDigital Price Performance
InterDigital stock traded down $1.79 during trading hours on Friday, reaching $217.35. 1,269,862 shares of the stock were exchanged, compared to its average volume of 414,134. The company has a market cap of $5.58 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. 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 twelve month low of $95.33 and a twelve month high of $231.97. The stock has a 50 day moving average of $199.97 and a two-hundred day moving average of $179.46.
InterDigital Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.10%. 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 is presently 19.93%.
Insiders Place Their Bets
In other news, insider Eeva K. Hakoranta sold 350 shares of the stock in a transaction dated Tuesday, February 18th. The shares were 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 owns 30,537 shares of the company's stock, valued at approximately $6,550,491.87. This represents a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $218.08, for a total transaction of $152,656.00. Following the completion of the transaction, the chief technology officer now directly owns 71,606 shares of the company's stock, valued at $15,615,836.48. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,724 shares of company stock worth $4,068,936 over the last ninety days. Corporate insiders own 2.30% of the company's stock.
About InterDigital
(
Free Report)
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.
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