denkapparat Operations GmbH Buys Shares of 7,340 InterDigital, Inc. (NASDAQ:IDCC)

denkapparat Operations GmbH acquired a new stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,340 shares of the Wireless communications provider's stock, valued at approximately $1,422,000. InterDigital accounts for about 2.1% of denkapparat Operations GmbH's portfolio, making the stock its 2nd largest holding.

A number of other institutional investors also recently modified their holdings of IDCC. Global Retirement Partners LLC boosted its position in 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 purchasing an additional 111 shares during the last quarter. Mendota Financial Group LLC boosted its holdings 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 buying an additional 290 shares during the last quarter. R Squared Ltd bought a new position in shares of InterDigital during the 4th quarter valued at approximately $70,000. Smartleaf Asset Management LLC increased its position in InterDigital by 468.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider's stock worth $121,000 after buying an additional 511 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its position in shares of InterDigital by 22.9% in the third 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 during the period. 99.83% of the stock is owned by institutional investors and hedge funds.

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InterDigital Price Performance

Shares of IDCC stock traded up $0.82 on Tuesday, reaching $207.57. The company's stock had a trading volume of 97,024 shares, compared to its average volume of 425,383. InterDigital, Inc. has a 12-month low of $95.33 and a 12-month high of $231.97. The stock's 50 day simple moving average is $205.04 and its 200-day simple moving average is $183.68. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $5.33 billion, a P/E ratio of 17.24, a PEG 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 given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.16%. This is a positive change from InterDigital's previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, April 9th. InterDigital's dividend payout ratio (DPR) is presently 19.93%.

Insider Buying and Selling at InterDigital

In other news, CFO Richard Brezski sold 9,602 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total transaction of $2,066,446.42. Following the transaction, the chief financial officer now directly owns 102,555 shares of the company's stock, valued at $22,070,861.55. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Eeva K. Hakoranta sold 350 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total transaction of $75,078.50. Following the transaction, the insider now owns 30,537 shares in the company, valued at approximately $6,550,491.87. This trade represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,833 shares of company stock valued at $2,954,830 in the last quarter. Company insiders own 2.30% of the company's stock.

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.