ExodusPoint Capital Management LP bought a new stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 44,229 shares of the Wireless communications provider's stock, valued at approximately $8,568,000. ExodusPoint Capital Management LP owned about 0.17% of InterDigital as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. 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 worth $26,000 after acquiring an additional 111 shares during the period. Prudent Man Investment Management Inc. bought a new position in InterDigital during the fourth quarter valued at about $39,000. Mendota Financial Group LLC raised its holdings in 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 acquiring an additional 290 shares in the last quarter. R Squared Ltd bought a new stake in shares of InterDigital in the 4th quarter worth approximately $70,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 99.83% of the company's stock.
Insider Transactions at InterDigital
In other news, CTO Rajesh Pankaj sold 700 shares of the business's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $181.03, for a total value of $126,721.00. Following the sale, the chief technology officer now owns 78,161 shares in the company, valued at approximately $14,149,485.83. The trade was a 0.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard Brezski sold 9,602 shares of the business's 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 sale, 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 13,833 shares of company stock valued at $2,938,660. Corporate insiders own 2.30% of the company's stock.
InterDigital Stock Performance
InterDigital stock traded down $7.85 on Thursday, hitting $199.23. The company's stock had a trading volume of 126,141 shares, compared to its average volume of 415,502. InterDigital, Inc. has a one year low of $95.36 and a one year high of $231.97. The firm has a market cap of $5.12 billion, a P/E ratio of 16.52, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. 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 fifty day moving average price of $208.89 and a 200-day moving average price of $186.94.
InterDigital Increases Dividend
The firm 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 dividend of $0.60 per share. This is a boost from InterDigital's previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a yield of 1.20%. InterDigital's dividend payout ratio (DPR) is currently 19.93%.
InterDigital Profile
(
Free Report)
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.
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