EAM Investors LLC Acquires Shares of 28,410 InterDigital, Inc. (NASDAQ:IDCC)

EAM Investors LLC acquired a new position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 28,410 shares of the Wireless communications provider's stock, valued at approximately $5,504,000. InterDigital makes up approximately 0.8% of EAM Investors LLC's portfolio, making the stock its 19th largest position. EAM Investors LLC owned approximately 0.11% of InterDigital as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Congress Asset Management Co. purchased a new position in InterDigital during the 4th quarter worth $62,583,000. Reinhart Partners LLC. lifted its stake in InterDigital by 83.8% in the fourth quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider's stock valued at $69,785,000 after purchasing an additional 164,223 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in InterDigital during the fourth quarter valued at $19,572,000. Norges Bank purchased a new stake in InterDigital in the fourth quarter worth $17,387,000. Finally, Boston Partners raised its stake in shares of InterDigital by 5.5% in the fourth quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider's stock valued at $311,654,000 after buying an additional 83,794 shares during the period. Institutional investors own 99.83% of the company's stock.

Insider Buying and Selling

In other 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 transaction, the chief financial officer now owns 102,555 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the business's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $181.03, for a total value of $126,721.00. Following the completion of the sale, the chief technology officer now directly owns 78,161 shares of the company's stock, valued at approximately $14,149,485.83. This trade represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,833 shares of company stock worth $2,938,660. Corporate insiders own 2.30% of the company's stock.

InterDigital Stock Performance

InterDigital stock traded down $6.41 during midday trading on Monday, reaching $182.86. The stock had a trading volume of 110,490 shares, compared to its average volume of 412,019. 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 firm has a market capitalization of $4.70 billion, a PE ratio of 15.19, a P/E/G ratio of 1.57 and a beta of 1.44. InterDigital, Inc. has a 12 month low of $96.48 and a 12 month high of $231.97. The firm's 50-day moving average price is $208.98 and its 200 day moving average price is $190.04.

InterDigital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Wednesday, April 9th. This is a boost from InterDigital's previous quarterly dividend of $0.45. 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.