Cibc World Markets Corp Invests $458,000 in InterDigital, Inc. (NASDAQ:IDCC)

Cibc World Markets Corp bought a new stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,366 shares of the Wireless communications provider's stock, valued at approximately $458,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Global Retirement Partners LLC lifted its holdings in shares of InterDigital by 504.5% during the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock valued at $26,000 after buying an additional 111 shares during the last quarter. Mendota Financial Group LLC lifted its stake in InterDigital by 14,500.0% in the fourth quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider's stock valued at $57,000 after acquiring an additional 290 shares during the last quarter. R Squared Ltd bought a new stake in InterDigital in the fourth quarter worth approximately $70,000. Smartleaf Asset Management LLC increased its stake in shares of InterDigital by 468.8% during 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. Finally, TD Private Client Wealth LLC raised its holdings in shares of InterDigital by 22.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 902 shares of the Wireless communications provider's stock valued at $128,000 after purchasing an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company's stock.

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Insider Activity at InterDigital

In related news, insider Joshua D. Schmidt sold 1,781 shares of InterDigital stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $218.00, for a total value of $388,258.00. Following the transaction, the insider now owns 24,395 shares in the company, valued at $5,318,110. This trade represents a 6.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Richard Brezski sold 9,602 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $215.21, for a total transaction of $2,066,446.42. Following the sale, the chief financial officer now owns 102,555 shares of the company's stock, valued at $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 13,833 shares of company stock valued at $2,954,830. Corporate insiders own 2.30% of the company's stock.

InterDigital Stock Down 3.4 %

NASDAQ:IDCC traded down $7.55 during trading hours on Thursday, reaching $215.05. The company's stock had a trading volume of 274,813 shares, compared to its average volume of 413,304. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70. The company has a market cap of $5.52 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. InterDigital, Inc. has a one year low of $95.33 and a one year high of $231.97. The business's 50-day moving average is $202.71 and its 200-day moving average is $181.66.

InterDigital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Wednesday, April 9th. This is an increase from InterDigital's previous quarterly dividend of $0.45. InterDigital's dividend payout ratio is 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.