Hsbc Holdings PLC Has $16.78 Million Stake in InterDigital, Inc. (NASDAQ:IDCC)

Hsbc Holdings PLC increased its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 1,470.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,106 shares of the Wireless communications provider's stock after purchasing an additional 80,624 shares during the quarter. Hsbc Holdings PLC owned about 0.34% of InterDigital worth $16,784,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IDCC. Global Retirement Partners LLC increased its stake in shares of 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 buying an additional 111 shares during the period. Prudent Man Investment Management Inc. acquired a new stake in InterDigital in the fourth quarter worth about $39,000. Mendota Financial Group LLC raised its holdings in InterDigital by 14,500.0% during the 4th 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 last quarter. R Squared Ltd acquired a new position in InterDigital during the 4th quarter valued at about $70,000. Finally, Transce3nd LLC bought a new position in shares of InterDigital in the 4th quarter valued at about $110,000. Institutional investors and hedge funds own 99.83% of the company's stock.

InterDigital Trading Up 1.1 %

IDCC opened at $193.75 on Friday. The firm has a 50 day simple moving average of $206.51 and a 200 day simple moving average of $191.27. InterDigital, Inc. has a fifty-two week low of $97.51 and a fifty-two week high of $231.97. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were given a $0.60 dividend. This is a positive change from InterDigital's previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Wednesday, April 9th. InterDigital's dividend payout ratio (DPR) is currently 19.93%.

Insider Activity at InterDigital

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $218.08, for a total value of $152,656.00. Following the completion of the sale, the chief technology officer now owns 71,606 shares of the company's stock, valued at approximately $15,615,836.48. This represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard Brezski sold 9,602 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total transaction of $2,066,446.42. Following the completion of the sale, the chief financial officer now owns 102,555 shares in the company, valued at approximately $22,070,861.55. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,833 shares of company stock worth $2,938,660. 2.30% of the stock is owned by insiders.

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.

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