InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. cut its stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 58.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,500 shares of the Wireless communications provider's stock after selling 14,700 shares during the period. Hussman Strategic Advisors Inc.'s holdings in InterDigital were worth $2,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. One Wealth Advisors LLC lifted its holdings in InterDigital by 1.8% in the fourth quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider's stock valued at $697,000 after acquiring an additional 64 shares during the last quarter. Savant Capital LLC increased its stake in InterDigital by 2.8% during the fourth quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider's stock worth $461,000 after acquiring an additional 64 shares during the last quarter. Captrust Financial Advisors raised its position in InterDigital by 0.5% in the third quarter. Captrust Financial Advisors now owns 13,876 shares of the Wireless communications provider's stock valued at $1,965,000 after purchasing an additional 68 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of InterDigital by 0.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the Wireless communications provider's stock valued at $2,383,000 after purchasing an additional 100 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of InterDigital by 9.4% during the 3rd quarter. Blue Trust Inc. now owns 1,175 shares of the Wireless communications provider's stock worth $166,000 after purchasing an additional 101 shares during the period. Institutional investors and hedge funds own 99.83% of the company's stock.

Insider Activity at InterDigital

In related news, CFO Richard Brezski sold 9,602 shares of InterDigital stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $215.21, for a total value of $2,066,446.42. Following the completion of the transaction, the chief financial officer now owns 102,555 shares in the company, valued at approximately $22,070,861.55. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Eeva K. Hakoranta sold 350 shares of the 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 owns 30,537 shares in the company, valued at approximately $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 90 days, insiders have sold 23,134 shares of company stock worth $4,678,770. 2.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of InterDigital from a "buy" rating to a "hold" rating in a report on Monday, November 4th.

InterDigital Trading Down 2.6 %

InterDigital stock traded down $5.60 during trading on Friday, hitting $211.40. The company had a trading volume of 315,962 shares, compared to its average volume of 395,578. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a 1-year low of $95.33 and a 1-year high of $218.76. The company's 50 day simple moving average is $192.19 and its 200-day simple moving average is $168.91.

InterDigital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. 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%. InterDigital's payout ratio is presently 14.95%.

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.