Joshua D. Schmidt Sells 1,781 Shares of InterDigital, Inc. (NASDAQ:IDCC) Stock

InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) insider Joshua D. Schmidt sold 1,781 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $218.00, for a total value of $388,258.00. Following the completion of the sale, the insider now directly owns 24,395 shares of the company's stock, valued at $5,318,110. The trade was a 6.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

InterDigital Stock Performance

Shares of InterDigital stock traded up $4.25 during midday trading on Monday, hitting $221.60. The company had a trading volume of 202,973 shares, compared to its average volume of 413,759. The company has a fifty day simple moving average of $200.81 and a 200 day simple moving average of $180.71. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 1.57 and a beta of 1.45. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a 12-month low of $95.33 and a 12-month high of $231.97.

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. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.08%. This is a boost from InterDigital's previous quarterly dividend of $0.45. InterDigital's dividend payout ratio (DPR) is currently 19.93%.

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Institutional Investors Weigh In On InterDigital

Large investors have recently made changes to their positions in the stock. Natixis Advisors LLC acquired a new stake in InterDigital during the 3rd quarter worth about $1,427,000. Caprock Group LLC raised its stake in shares of InterDigital by 8.9% in the third quarter. Caprock Group LLC now owns 3,156 shares of the Wireless communications provider's stock worth $447,000 after purchasing an additional 257 shares during the last quarter. Moran Wealth Management LLC lifted its holdings in shares of InterDigital by 37.9% during the third quarter. Moran Wealth Management LLC now owns 3,956 shares of the Wireless communications provider's stock worth $560,000 after purchasing an additional 1,087 shares during the period. Intech Investment Management LLC lifted its holdings in shares of InterDigital by 658.8% during the third quarter. Intech Investment Management LLC now owns 29,728 shares of the Wireless communications provider's stock worth $4,210,000 after purchasing an additional 25,810 shares during the period. Finally, Icon Wealth Advisors LLC boosted its position in InterDigital by 161.1% in the third quarter. Icon Wealth Advisors LLC now owns 9,140 shares of the Wireless communications provider's stock valued at $1,294,000 after buying an additional 5,640 shares during the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

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.