Teacher Retirement System of Texas Purchases 3,096 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Teacher Retirement System of Texas boosted its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 29.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,784 shares of the Wireless communications provider's stock after acquiring an additional 3,096 shares during the quarter. Teacher Retirement System of Texas owned 0.05% of InterDigital worth $2,670,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Global Retirement Partners LLC lifted its holdings in shares of InterDigital by 504.5% in the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock valued at $26,000 after purchasing an additional 111 shares in the last quarter. Mendota Financial Group LLC raised its position in InterDigital by 14,500.0% in the 4th 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 last quarter. R Squared Ltd bought a new position in InterDigital during the 4th quarter valued at $70,000. Smartleaf Asset Management LLC boosted its holdings in InterDigital by 468.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider's stock worth $121,000 after acquiring an additional 511 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in InterDigital by 22.9% during the third quarter. TD Private Client Wealth LLC now owns 902 shares of the Wireless communications provider's stock worth $128,000 after acquiring an additional 168 shares during the period. Institutional investors and hedge funds own 99.83% of the company's stock.

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Insider Activity

In other InterDigital news, CFO Richard Brezski sold 9,602 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $215.21, for a total transaction of $2,066,446.42. Following the completion of the transaction, the chief financial officer now owns 102,555 shares in the company, valued at $22,070,861.55. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $218.08, for a total transaction of $152,656.00. Following the completion of the transaction, the chief technology officer now owns 71,606 shares of the company's stock, valued at $15,615,836.48. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,833 shares of company stock valued at $2,954,830 in the last three months. Company insiders own 2.30% of the company's stock.

InterDigital Stock Performance

NASDAQ:IDCC traded down $5.01 during trading on Friday, reaching $210.04. The company's stock had a trading volume of 225,721 shares, compared to its average volume of 425,688. InterDigital, Inc. has a 12 month low of $95.33 and a 12 month high of $231.97. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. The firm has a 50 day moving average of $204.34 and a 200-day moving average of $182.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70.

InterDigital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.14%. 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 payout ratio is presently 19.93%.

InterDigital 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.