InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 20.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,220 shares of the Wireless communications provider's stock after selling 11,493 shares during the period. Allspring Global Investments Holdings LLC owned 0.18% of InterDigital worth $8,867,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new position in InterDigital during the third quarter worth approximately $25,000. V Square Quantitative Management LLC acquired a new position in InterDigital during the third quarter worth approximately $26,000. Mendota Financial Group LLC increased its position in InterDigital by 14,500.0% during the fourth quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider's stock worth $57,000 after purchasing an additional 290 shares during the last quarter. R Squared Ltd acquired a new position in InterDigital during the fourth quarter worth approximately $70,000. Finally, Nisa Investment Advisors LLC increased its position in shares of InterDigital by 58.8% in the third quarter. Nisa Investment Advisors LLC now owns 629 shares of the Wireless communications provider's stock worth $89,000 after acquiring an additional 233 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company's stock.

Insider Activity

In other news, insider Eeva K. Hakoranta sold 350 shares of the company's 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 completion of the transaction, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $185.00, for a total transaction of $129,500.00. Following the transaction, the chief technology officer now owns 52,396 shares in the company, valued at $9,693,260. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,134 shares of company stock worth $4,678,770. 2.30% of the stock is currently owned by company insiders.

InterDigital Trading Down 2.6 %

Shares of InterDigital stock traded down $5.60 during trading hours on Friday, hitting $211.40. The company's stock had a trading volume of 315,962 shares, compared to its average volume of 395,296. InterDigital, Inc. has a 1-year low of $95.33 and a 1-year high of $218.76. The business has a fifty day moving average of $191.85 and a 200 day moving average of $168.38. The company has a market capitalization of $5.43 billion, a PE ratio of 17.56, a P/E/G ratio of 1.57 and a beta of 1.44. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders 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 represents a $2.40 annualized dividend and a dividend yield of 1.14%. This is a positive change from InterDigital's previous quarterly dividend of $0.45. InterDigital's dividend payout ratio is presently 14.95%.

Analysts Set New Price Targets

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

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.