InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj Sells 700 Shares

InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) CTO Rajesh Pankaj sold 700 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $181.03, for a total value of $126,721.00. Following the transaction, the chief technology officer now owns 78,161 shares in the company, valued at $14,149,485.83. This trade represents a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, March 20th, Rajesh Pankaj sold 700 shares of InterDigital stock. The stock was sold at an average price of $218.08, for a total transaction of $152,656.00.
• 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 value of $129,500.00.

InterDigital Stock Performance

NASDAQ:IDCC traded down $0.62 during midday trading on Friday, reaching $201.93. 247,188 shares of the company traded hands, compared to its average volume of 415,277. InterDigital, Inc. has a twelve month low of $95.36 and a twelve month high of $231.97. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70. The company has a fifty day moving average price of $209.65 and a 200 day moving average price of $187.83. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44.

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InterDigital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be given a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This is an increase from InterDigital's previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a yield of 1.19%. InterDigital's dividend payout ratio (DPR) is currently 19.93%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new stake in InterDigital during the 3rd quarter valued at $234,000. Wellington Management Group LLP raised its stake in shares of InterDigital by 6.0% during the third 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 in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in InterDigital in the third quarter worth about $380,000. LRI Investments LLC bought a new position in InterDigital in the 3rd quarter valued at about $129,000. Finally, Disciplined Growth Investors Inc. MN increased its stake 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 valued at $160,441,000 after buying an additional 39,891 shares during the period. 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.