Inceptionr LLC Invests $387,000 in InterDigital, Inc. (NASDAQ:IDCC)

Inceptionr LLC purchased a new position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,996 shares of the Wireless communications provider's stock, valued at approximately $387,000.

Several other institutional investors also recently modified their holdings of IDCC. Disciplined Growth Investors Inc. MN lifted its holdings in InterDigital by 3.6% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,132,818 shares of the Wireless communications provider's stock worth $160,441,000 after buying an additional 39,891 shares during the period. Geode Capital Management LLC raised its position in shares of InterDigital by 0.7% during the third quarter. Geode Capital Management LLC now owns 592,754 shares of the Wireless communications provider's stock worth $83,968,000 after acquiring an additional 3,975 shares during the last quarter. Reinhart Partners LLC. lifted its stake in shares of InterDigital by 83.8% in 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. Congress Asset Management Co. bought a new stake in InterDigital in the fourth quarter valued at approximately $62,583,000. Finally, Wellington Management Group LLP increased its position in InterDigital by 6.0% during the 3rd quarter. Wellington Management Group LLP now owns 155,700 shares of the Wireless communications provider's stock valued at $22,052,000 after purchasing an additional 8,824 shares during the period. Institutional investors own 99.83% of the company's stock.

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Insider Transactions at InterDigital

In other InterDigital news, insider Eeva K. Hakoranta sold 350 shares of InterDigital stock in a transaction dated Tuesday, February 18th. The stock was 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 owns 30,537 shares in the company, valued at approximately $6,550,491.87. The trade was a 1.13 % decrease in their position. The transaction 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 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 transaction, the chief financial officer now directly owns 102,555 shares in the company, valued at approximately $22,070,861.55. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,134 shares of company stock valued at $4,678,770 in the last 90 days. 2.30% of the stock is currently owned by corporate insiders.

InterDigital Trading Down 0.1 %

Shares of NASDAQ:IDCC traded down $0.11 during trading on Wednesday, reaching $212.48. The stock had a trading volume of 341,590 shares, compared to its average volume of 385,934. The firm's fifty day moving average is $196.27 and its 200 day moving average is $175.54. InterDigital, Inc. has a 52 week low of $95.33 and a 52 week high of $231.96. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 17.65, a P/E/G ratio of 1.57 and a beta of 1.45.

InterDigital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.13%. This is a boost from InterDigital's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, April 9th. InterDigital's dividend payout ratio (DPR) is presently 19.93%.

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.