InterDigital, Inc. (NASDAQ:IDCC) Shares Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. grew its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 371.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,498 shares of the Wireless communications provider's stock after purchasing an additional 13,785 shares during the period. Edgestream Partners L.P. owned about 0.07% of InterDigital worth $3,390,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in IDCC. Transcendent Capital Group LLC acquired a new position in shares of InterDigital during the third quarter worth $25,000. Global Retirement Partners LLC lifted 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 valued at $26,000 after acquiring an additional 111 shares during the last quarter. Mendota Financial Group LLC grew its holdings in shares of InterDigital by 14,500.0% during the fourth 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 purchased a new position in shares of InterDigital during the fourth quarter worth about $70,000. Finally, Smartleaf Asset Management LLC lifted its holdings 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 valued at $121,000 after purchasing an additional 511 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company's stock.

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Insider Transactions at InterDigital

In related news, CEO Lawrence Liren Chen sold 5,891 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $195.34, for a total transaction of $1,150,747.94. Following the completion of the sale, the chief executive officer now directly owns 164,543 shares of the company's stock, valued at $32,141,829.62. This trade represents a 3.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Eeva K. Hakoranta sold 350 shares of InterDigital stock in a transaction dated Tuesday, February 18th. The shares were 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 directly owns 30,537 shares in the company, valued at approximately $6,550,491.87. The trade was a 1.13 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,134 shares of company stock worth $4,678,770. Company insiders own 2.30% of the company's stock.

InterDigital Stock Performance

NASDAQ:IDCC traded down $0.11 during mid-day trading on Wednesday, reaching $212.48. 341,598 shares of the stock were exchanged, compared to its average volume of 386,737. The stock has a market capitalization of $5.46 billion, a P/E ratio of 17.65, a P/E/G ratio of 1.57 and a beta of 1.45. InterDigital, Inc. has a 1 year low of $95.33 and a 1 year high of $231.96. The company has a 50 day simple moving average of $196.27 and a 200-day simple moving average of $175.54. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02.

InterDigital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.13%. This is a boost from InterDigital's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, April 9th. InterDigital's dividend payout ratio is presently 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.