InterDigital, Inc. (NASDAQ:IDCC) CFO Richard Brezski Sells 9,602 Shares

InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) CFO Richard Brezski sold 9,602 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 102,555 shares in the company, valued at $22,070,861.55. This represents a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

InterDigital Stock Performance

Shares of IDCC traded down $5.60 during mid-day trading on Friday, reaching $211.40. 315,962 shares of the company's stock traded hands, compared to its average volume of 395,578. The business's 50-day moving average price is $192.19 and its 200-day moving average price is $168.91. The stock has a market capitalization of $5.43 billion, a P/E ratio of 17.56, 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 quick ratio of 1.70 and a current ratio of 1.70. InterDigital, Inc. has a 12 month low of $95.33 and a 12 month high of $218.76.

InterDigital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Wednesday, April 9th. This is a boost from InterDigital's previous quarterly dividend of $0.45. InterDigital's payout ratio is 14.95%.

Institutional Investors Weigh In On InterDigital

A number of hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. raised its holdings in shares of InterDigital by 1.8% during the fourth quarter. Russell Investments Group Ltd. now owns 2,932 shares of the Wireless communications provider's stock valued at $568,000 after buying an additional 51 shares during the last quarter. One Wealth Advisors LLC raised its holdings in shares of InterDigital by 1.8% during the fourth quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider's stock valued at $697,000 after buying an additional 64 shares during the last quarter. Savant Capital LLC raised its holdings in shares of InterDigital by 2.8% during the fourth quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider's stock valued at $461,000 after buying an additional 64 shares during the last quarter. Captrust Financial Advisors raised its holdings in InterDigital by 0.5% during the third quarter. Captrust Financial Advisors now owns 13,876 shares of the Wireless communications provider's stock worth $1,965,000 after purchasing an additional 68 shares in the last quarter. Finally, Summit Investment Advisors Inc. raised its holdings in InterDigital by 3.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,646 shares of the Wireless communications provider's stock worth $513,000 after purchasing an additional 83 shares in the last quarter. Institutional investors own 99.83% of the company's stock.

Analyst Ratings Changes

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

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.