Fox Run Management L.L.C. acquired a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,772 shares of the Wireless communications provider's stock, valued at approximately $343,000.
Several other hedge funds also recently bought and sold shares of IDCC. Natixis Advisors LLC purchased a new stake in shares of InterDigital during the third quarter valued at $1,427,000. Flagship Harbor Advisors LLC purchased a new stake in InterDigital in the 4th quarter valued at about $338,000. Kovitz Investment Group Partners LLC bought a new position in InterDigital in the 3rd quarter worth about $380,000. Reinhart Partners LLC. increased its position in shares of InterDigital by 83.8% during the fourth quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider's stock worth $69,785,000 after acquiring an additional 164,223 shares during the period. Finally, Amundi raised its stake in shares of InterDigital by 57.0% during the fourth quarter. Amundi now owns 20,897 shares of the Wireless communications provider's stock valued at $3,989,000 after acquiring an additional 7,586 shares in the last quarter. Institutional investors own 99.83% of the company's stock.
InterDigital Trading Down 2.3 %
NASDAQ:IDCC traded down $5.01 during midday trading on Friday, hitting $210.04. The stock had a trading volume of 225,721 shares, compared to its average volume of 425,688. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.57 and a beta of 1.45. 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, Inc. has a one year low of $95.33 and a one year high of $231.97. The stock has a 50-day moving average of $204.34 and a 200 day moving average of $183.15.
InterDigital Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors 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. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Wednesday, April 9th. InterDigital's dividend payout ratio is 19.93%.
Insider Activity at InterDigital
In other news, insider Joshua D. Schmidt sold 1,781 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $218.00, for a total transaction of $388,258.00. Following the transaction, the insider now owns 24,395 shares in the company, valued at $5,318,110. This represents a 6.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Eeva K. Hakoranta sold 350 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total transaction of $75,078.50. Following the sale, the insider now directly owns 30,537 shares in the company, valued at approximately $6,550,491.87. This represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,833 shares of company stock valued at $2,954,830 over the last quarter. 2.30% of the stock is owned by corporate insiders.
About InterDigital
(
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.
Read More
Before you consider InterDigital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and InterDigital wasn't on the list.
While InterDigital currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
