Commonwealth Equity Services LLC reduced its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 27.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,385 shares of the Wireless communications provider's stock after selling 14,790 shares during the quarter. Commonwealth Equity Services LLC owned 0.15% of InterDigital worth $7,436,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in IDCC. One Wealth Advisors LLC grew its position in InterDigital by 1.8% during the 4th quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider's stock worth $697,000 after acquiring an additional 64 shares during the last quarter. Savant Capital LLC boosted its stake in InterDigital by 2.8% in the fourth quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider's stock worth $461,000 after purchasing an additional 64 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of 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 purchasing an additional 68 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of InterDigital by 0.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the Wireless communications provider's stock valued at $2,383,000 after buying an additional 100 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings 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 valued at $26,000 after buying an additional 111 shares during the last quarter. 99.83% of the stock is owned by institutional investors.
Insider Buying and Selling
In other news, insider Eeva K. Hakoranta sold 350 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total transaction of $75,078.50. Following the completion of the sale, the insider now owns 30,537 shares in the company, valued at $6,550,491.87. The trade was a 1.13 % decrease in their ownership of the stock. The transaction 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 firm's 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 completion of the transaction, the chief financial officer now owns 102,555 shares in the company, valued at approximately $22,070,861.55. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,833 shares of company stock worth $2,954,830 in the last quarter. Insiders own 2.30% of the company's stock.
InterDigital Price Performance
NASDAQ IDCC traded up $4.25 on Monday, hitting $221.60. 202,973 shares of the company were exchanged, compared to its average volume of 413,759. InterDigital, Inc. has a 1-year low of $95.33 and a 1-year high of $231.97. The firm has a 50 day moving average of $199.97 and a two-hundred day moving average of $180.09. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. The company has a market cap of $5.69 billion, a P/E ratio of 18.41, a P/E/G ratio of 1.57 and a beta of 1.45.
InterDigital Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.08%. This is a positive change from InterDigital's previous quarterly dividend of $0.45. InterDigital's dividend payout ratio (DPR) is currently 19.93%.
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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