InterDigital, Inc. (NASDAQ:IDCC) CTO Sells $152,656.00 in Stock

InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) CTO Rajesh Pankaj sold 700 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $218.08, for a total value of $152,656.00. Following the transaction, the chief technology officer now directly owns 71,606 shares in the company, 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 filing with the SEC, which is available through the SEC website.

Rajesh Pankaj also recently made the following trade(s):

• On Wednesday, February 5th, Rajesh Pankaj sold 700 shares of InterDigital stock. The shares were sold at an average price of $185.00, for a total transaction of $129,500.00.
• On Monday, January 6th, Rajesh Pankaj sold 700 shares of InterDigital stock. The shares were sold at an average price of $204.13, for a total transaction of $142,891.00.

InterDigital Trading Up 1.9 %

Shares of NASDAQ IDCC traded up $4.12 during midday trading on Tuesday, reaching $225.72. The company had a trading volume of 258,680 shares, compared to its average volume of 414,415. The stock has a market cap of $5.80 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. InterDigital, Inc. has a one year low of $95.33 and a one year high of $231.97. The firm's fifty day moving average price is $201.77 and its 200-day moving average price is $181.37. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02.

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InterDigital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be issued a dividend of $0.60 per share. This is a positive change from InterDigital's previous quarterly dividend of $0.45. This represents a $2.40 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, April 9th. InterDigital's dividend payout ratio is currently 19.93%.

Institutional Investors Weigh In On InterDigital

Large investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its holdings 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 purchasing an additional 111 shares during the period. Elequin Capital LP purchased a new stake in InterDigital in the 4th quarter worth approximately $29,000. Prudent Man Investment Management Inc. bought a new stake in shares of InterDigital in the 4th quarter worth approximately $39,000. Mendota Financial Group LLC increased its stake in shares of InterDigital by 14,500.0% during the fourth quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider's stock valued at $57,000 after buying an additional 290 shares during the period. Finally, R Squared Ltd purchased a new stake in InterDigital in the fourth quarter worth $70,000. Institutional investors own 99.83% 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.