InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Capital Management Corp VA

Capital Management Corp VA lessened its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,900 shares of the Wireless communications provider's stock after selling 13,463 shares during the period. InterDigital comprises approximately 5.9% of Capital Management Corp VA's investment portfolio, making the stock its biggest position. Capital Management Corp VA owned 0.67% of InterDigital worth $32,719,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Disciplined Growth Investors Inc. MN grew its position in InterDigital by 3.6% in 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 acquiring an additional 39,891 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of InterDigital by 0.7% in the third quarter. Geode Capital Management LLC now owns 592,754 shares of the Wireless communications provider's stock worth $83,968,000 after purchasing an additional 3,975 shares during the last quarter. Reinhart Partners LLC. increased its stake in InterDigital by 83.8% in the 4th quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider's stock worth $69,785,000 after buying an additional 164,223 shares during the period. Congress Asset Management Co. bought a new stake in InterDigital during the 4th quarter valued at about $62,583,000. Finally, Wellington Management Group LLP boosted its position in InterDigital by 6.0% in the 3rd quarter. Wellington Management Group LLP now owns 155,700 shares of the Wireless communications provider's stock valued at $22,052,000 after buying an additional 8,824 shares during the period. Institutional investors own 99.83% of the company's stock.

Remove Ads

Insider Activity at InterDigital

In other news, CFO Richard Brezski sold 9,602 shares of the business's stock in a transaction dated 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 sale, the chief financial officer now owns 102,555 shares in the company, valued at approximately $22,070,861.55. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Eeva K. Hakoranta sold 350 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total transaction of $75,078.50. Following the completion of the sale, the insider now directly owns 30,537 shares of the company's stock, valued at $6,550,491.87. The trade was a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,134 shares of company stock worth $4,678,770 over the last three months. 2.30% of the stock is owned by corporate insiders.

InterDigital Trading Down 0.1 %

Shares of NASDAQ:IDCC traded down $0.11 during trading on Wednesday, reaching $212.48. 341,624 shares of the company were exchanged, compared to its average volume of 388,864. The business's fifty day simple moving average is $196.27 and its 200-day simple moving average is $175.54. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70. InterDigital, Inc. has a 12-month low of $95.33 and a 12-month high of $231.96. The firm has a market capitalization of $5.46 billion, a PE ratio of 17.65, a P/E/G ratio of 1.57 and a beta of 1.45.

InterDigital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.60 per share. This is an increase from InterDigital's previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.13%. InterDigital's dividend payout ratio is presently 19.93%.

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.