Bridgewater Associates LP Sells 11,589 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Bridgewater Associates LP cut its stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 50.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,251 shares of the Wireless communications provider's stock after selling 11,589 shares during the period. Bridgewater Associates LP's holdings in InterDigital were worth $2,180,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of IDCC. Global Retirement Partners LLC raised its stake in shares of InterDigital by 504.5% in the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock worth $26,000 after acquiring an additional 111 shares during the last quarter. Prudent Man Investment Management Inc. bought a new position in shares of InterDigital in the 4th quarter worth $39,000. Mendota Financial Group LLC boosted 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 purchasing an additional 290 shares during the last quarter. R Squared Ltd bought a new position in shares of InterDigital in the 4th quarter worth $70,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of InterDigital by 468.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider's stock worth $121,000 after purchasing an additional 511 shares during the last quarter. 99.83% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Richard Brezski sold 9,602 shares of InterDigital 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 sale, 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 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 InterDigital stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $218.08, for a total value of $152,656.00. Following the transaction, the chief technology officer now owns 71,606 shares of the company's stock, valued at $15,615,836.48. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,833 shares of company stock worth $2,938,660. Corporate insiders own 2.30% of the company's stock.

InterDigital Trading Up 1.5 %

IDCC stock traded up $2.91 during midday trading on Thursday, hitting $194.45. 51,108 shares of the company's stock were exchanged, compared to its average volume of 408,823. The stock's fifty day moving average price is $207.43 and its 200-day moving average price is $190.31. 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 cap of $4.99 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. InterDigital, Inc. has a one year low of $97.51 and a one year high of $231.97.

InterDigital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were issued a dividend of $0.60 per share. The ex-dividend date was Wednesday, April 9th. This is a positive change from InterDigital's previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a yield of 1.23%. InterDigital's payout ratio is currently 19.93%.

InterDigital Company 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.