Emerald Advisers LLC Has $31.34 Million Stock Position in InterDigital, Inc. (NASDAQ:IDCC)

Emerald Advisers LLC reduced its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 10.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 161,800 shares of the Wireless communications provider's stock after selling 19,187 shares during the quarter. InterDigital makes up about 1.2% of Emerald Advisers LLC's portfolio, making the stock its 27th biggest holding. Emerald Advisers LLC owned 0.64% of InterDigital worth $31,344,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Global Retirement Partners LLC raised its holdings in InterDigital by 504.5% in the 4th 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 period. Mendota Financial Group LLC increased its stake 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 period. R Squared Ltd acquired a new stake in InterDigital during the 4th quarter worth approximately $70,000. Smartleaf Asset Management LLC lifted its holdings in InterDigital by 468.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider's stock worth $121,000 after purchasing an additional 511 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in InterDigital by 1,209.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 668 shares of the Wireless communications provider's stock valued at $129,000 after purchasing an additional 617 shares during the period. Institutional investors own 99.83% of the company's stock.

Remove Ads

InterDigital Stock Performance

IDCC stock traded down $7.55 during trading hours on Thursday, hitting $215.05. 274,813 shares of the stock were exchanged, compared to its average volume of 413,934. InterDigital, Inc. has a 12 month low of $95.33 and a 12 month high of $231.97. 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 firm has a market capitalization of $5.52 billion, a P/E ratio of 17.86, a P/E/G ratio of 1.57 and a beta of 1.45. The company has a 50-day simple moving average of $203.58 and a two-hundred day simple moving average of $181.89.

InterDigital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be issued a $0.60 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a yield of 1.12%. This is an increase from InterDigital's previous quarterly dividend of $0.45. InterDigital's payout ratio is currently 19.93%.

Insiders Place Their Bets

In other InterDigital news, CFO Richard Brezski sold 9,602 shares of InterDigital stock in a transaction on 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 completion of the transaction, the chief financial officer now directly owns 102,555 shares of the company's stock, valued at $22,070,861.55. The trade was a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $185.00, for a total value of $129,500.00. Following the sale, the chief technology officer now directly owns 52,396 shares in the company, valued at approximately $9,693,260. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,833 shares of company stock worth $2,954,830 in the last quarter. Corporate insiders own 2.30% of the company's stock.

InterDigital 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.