Los Angeles Capital Management LLC Purchases 6,572 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Los Angeles Capital Management LLC lifted its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 36.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,676 shares of the Wireless communications provider's stock after purchasing an additional 6,572 shares during the period. Los Angeles Capital Management LLC owned 0.10% of InterDigital worth $4,780,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Global Retirement Partners LLC increased its position 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 valued at $26,000 after buying an additional 111 shares during the period. Transcendent Capital Group LLC purchased a new position in shares of InterDigital during the 3rd quarter worth approximately $25,000. Mendota Financial Group LLC raised its position in shares of InterDigital by 14,500.0% in the 4th quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider's stock worth $57,000 after acquiring an additional 290 shares in the last quarter. R Squared Ltd purchased a new position in shares of InterDigital in the 4th quarter valued at approximately $70,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of InterDigital by 58.8% during the third quarter. Nisa Investment Advisors LLC now owns 629 shares of the Wireless communications provider's stock valued at $89,000 after purchasing an additional 233 shares in the last quarter. 99.83% of the stock is owned by institutional investors.

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InterDigital Stock Down 2.5 %

Shares of IDCC stock traded down $5.31 during trading hours on Monday, hitting $208.33. 426,687 shares of the company's stock traded hands, compared to its average volume of 383,394. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 1.57 and a beta of 1.44. The stock's fifty day simple moving average is $194.02 and its two-hundred day simple moving average is $171.89. InterDigital, Inc. has a 12-month low of $95.33 and a 12-month high of $218.76.

InterDigital Increases Dividend

The business 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. 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 dividend yield of 1.15%. InterDigital's dividend payout ratio (DPR) is presently 19.93%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at InterDigital

In related news, CFO Richard Brezski sold 9,602 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 102,555 shares in the company, valued at $22,070,861.55. The trade was a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eeva K. Hakoranta sold 350 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total value of $75,078.50. Following the sale, the insider now owns 30,537 shares in the company, valued at approximately $6,550,491.87. This represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,134 shares of company stock valued at $4,678,770 in the last quarter. 2.30% of the stock is owned by insiders.

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.