Inspire Advisors LLC Invests $3.15 Million in InterDigital, Inc. (NASDAQ:IDCC)

Inspire Advisors LLC bought a new position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 16,238 shares of the Wireless communications provider's stock, valued at approximately $3,146,000. InterDigital comprises approximately 0.4% of Inspire Advisors LLC's portfolio, making the stock its 29th biggest position. Inspire Advisors LLC owned about 0.06% of InterDigital as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. One Wealth Advisors LLC increased its position in shares of InterDigital by 1.8% during the 4th quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider's stock worth $697,000 after purchasing an additional 64 shares during the last quarter. Savant Capital LLC increased its position in shares of InterDigital by 2.8% during the 4th quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider's stock worth $461,000 after purchasing an additional 64 shares during the last quarter. Captrust Financial Advisors increased its position in shares of InterDigital by 0.5% during the 3rd 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 during the last quarter. Louisiana State Employees Retirement System boosted its holdings in InterDigital by 0.8% during 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 acquiring an additional 100 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in InterDigital by 504.5% during the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock valued at $26,000 after acquiring an additional 111 shares during the period. 99.83% of the stock is owned by institutional investors and hedge funds.

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InterDigital Trading Up 4.3 %

InterDigital stock traded up $8.86 during midday trading on Friday, reaching $217.09. 396,129 shares of the stock traded hands, compared to its average volume of 385,278. The company has a 50-day simple moving average of $196.89 and a two-hundred day simple moving average of $176.03. InterDigital, Inc. has a 12-month low of $95.33 and a 12-month high of $231.96. The firm has a market cap of $5.58 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. 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 Increases Dividend

The company also recently announced 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 represents a $2.40 dividend on an annualized basis and a yield of 1.11%. 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 19.93%.

Insider Activity at InterDigital

In related news, CTO Rajesh Pankaj sold 700 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $185.00, for a total transaction of $129,500.00. Following the completion of the transaction, the chief technology officer now directly owns 52,396 shares in the company, valued at $9,693,260. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Richard Brezski sold 9,602 shares of the firm's stock in a transaction dated 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 owns 102,555 shares of the company's stock, valued at $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. Insiders sold 23,134 shares of company stock worth $4,678,770 in the last three months. 2.30% of the stock is owned by company insiders.

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.