Fuller & Thaler Asset Management Inc. Buys 21,319 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Fuller & Thaler Asset Management Inc. increased its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 3.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 612,851 shares of the Wireless communications provider's stock after buying an additional 21,319 shares during the period. Fuller & Thaler Asset Management Inc. owned 2.42% of InterDigital worth $118,722,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. World Investment Advisors LLC bought a new position in InterDigital during the 3rd quarter worth $1,511,000. Tidal Investments LLC raised its stake in InterDigital by 13.1% in the 3rd quarter. Tidal Investments LLC now owns 10,923 shares of the Wireless communications provider's stock worth $1,547,000 after purchasing an additional 1,269 shares in the last quarter. GAMMA Investing LLC boosted its holdings in InterDigital by 41.2% in the 4th quarter. GAMMA Investing LLC now owns 942 shares of the Wireless communications provider's stock valued at $182,000 after purchasing an additional 275 shares during the period. CWA Asset Management Group LLC grew its position in shares of InterDigital by 24.4% during the 4th quarter. CWA Asset Management Group LLC now owns 8,847 shares of the Wireless communications provider's stock worth $1,714,000 after purchasing an additional 1,734 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of InterDigital by 101.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 28,686 shares of the Wireless communications provider's stock worth $5,557,000 after purchasing an additional 14,427 shares during the period. Institutional investors and hedge funds own 99.83% of the company's stock.

InterDigital Trading Up 2.0 %

Shares of IDCC stock opened at $186.99 on Wednesday. The stock has a market cap of $4.80 billion, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. InterDigital, Inc. has a 1 year low of $97.51 and a 1 year 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 stock has a 50 day simple moving average of $207.89 and a 200 day simple moving average of $190.30.

InterDigital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.28%. This is an increase from InterDigital's previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, April 9th. InterDigital's dividend payout ratio is presently 19.93%.

Insider Transactions at InterDigital

In other news, CTO Rajesh Pankaj sold 700 shares of the company's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $181.03, for a total transaction of $126,721.00. Following the completion of the sale, the chief technology officer now owns 78,161 shares of the company's stock, valued at approximately $14,149,485.83. This represents a 0.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Eeva K. Hakoranta sold 350 shares of InterDigital stock in a transaction that occurred on 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 transaction, the insider now directly owns 30,537 shares in the company, valued at $6,550,491.87. This trade represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,833 shares of company stock valued at $2,938,660. 2.30% of the stock is owned by corporate insiders.

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.

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