InterDigital, Inc. (NASDAQ:IDCC) Insider Sells $75,078.50 in Stock

InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) insider Eeva K. Hakoranta sold 350 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total value of $75,078.50. Following the completion of the sale, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

InterDigital Price Performance

Shares of InterDigital stock traded down $5.60 on Friday, reaching $211.40. The company's stock had a trading volume of 315,962 shares, compared to its average volume of 395,578. The company has a market capitalization of $5.43 billion, a P/E ratio of 17.56, a PEG ratio of 1.57 and a beta of 1.44. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $218.76. The stock has a 50-day moving average price of $192.19 and a 200-day moving average price of $168.91. 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.60 per share. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a yield of 1.14%. This is a positive change from InterDigital's previous quarterly dividend of $0.45. InterDigital's payout ratio is 14.95%.

Hedge Funds Weigh In On InterDigital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IDCC. Transcendent Capital Group LLC acquired a new position in InterDigital during the third quarter worth $25,000. Global Retirement Partners LLC boosted its stake in InterDigital by 504.5% during the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock worth $26,000 after buying an additional 111 shares during the last quarter. Elequin Capital LP acquired a new position in shares of InterDigital in the 4th quarter valued at $29,000. Prudent Man Investment Management Inc. acquired a new position in shares of InterDigital in the 4th quarter valued at $39,000. Finally, Mendota Financial Group LLC lifted its stake 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 valued at $57,000 after purchasing an additional 290 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered InterDigital from a "buy" rating to a "hold" rating in a research note on Monday, November 4th.

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.