Geode Capital Management LLC Purchases 1,991 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Geode Capital Management LLC grew its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 594,745 shares of the Wireless communications provider's stock after acquiring an additional 1,991 shares during the quarter. Geode Capital Management LLC owned about 2.35% of InterDigital worth $115,240,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of IDCC. Global Retirement Partners LLC boosted its position in shares of 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 period. Prudent Man Investment Management Inc. acquired a new position in shares of InterDigital in the 4th quarter worth $39,000. Mendota Financial Group LLC boosted its position 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 period. R Squared Ltd purchased a new stake in InterDigital during the fourth quarter valued at about $70,000. Finally, Smartleaf Asset Management LLC increased its position in shares of InterDigital by 468.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider's stock worth $121,000 after acquiring an additional 511 shares in the last quarter. Institutional investors own 99.83% of the company's stock.

InterDigital Stock Up 0.8 %

InterDigital stock traded up $1.56 during mid-day trading on Monday, hitting $203.49. The company's stock had a trading volume of 24,239 shares, compared to its average volume of 413,859. The firm's 50 day moving average is $209.65 and its 200 day moving average is $188.18. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70. InterDigital, Inc. has a 52-week low of $95.36 and a 52-week high of $231.97. The company has a market cap of $5.23 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44.

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InterDigital Increases Dividend

The firm 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 $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Wednesday, April 9th. This is a positive change from InterDigital's previous quarterly dividend of $0.45. InterDigital's payout ratio is presently 19.93%.

Insider Buying and Selling

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

About InterDigital

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.