Trexquant Investment LP Buys 16,576 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Trexquant Investment LP boosted its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 222.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,020 shares of the Wireless communications provider's stock after buying an additional 16,576 shares during the quarter. Trexquant Investment LP owned approximately 0.09% of InterDigital worth $4,653,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Global Retirement Partners LLC lifted its position 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 worth $26,000 after purchasing an additional 111 shares in the last quarter. Prudent Man Investment Management Inc. bought a new stake in InterDigital in the 4th quarter valued at $39,000. Mendota Financial Group LLC lifted its stake in shares of InterDigital by 14,500.0% during the 4th quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider's stock worth $57,000 after buying an additional 290 shares during the last quarter. R Squared Ltd acquired a new stake in InterDigital during the 4th quarter worth approximately $70,000. Finally, Smartleaf Asset Management LLC raised its position in shares of InterDigital by 468.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider's stock valued at $121,000 after buying an additional 511 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company's stock.

Insider Buying and Selling

In other news, insider Eeva K. Hakoranta sold 350 shares of the business'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 owns 30,537 shares in the company, valued at $6,550,491.87. The trade was a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the company's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $181.03, for a total transaction of $126,721.00. Following the transaction, the chief technology officer now owns 78,161 shares in the company, valued at approximately $14,149,485.83. The trade was a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,833 shares of company stock valued at $2,938,660 over the last ninety days. 2.30% of the stock is owned by company insiders.

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InterDigital Price Performance

NASDAQ:IDCC traded down $7.72 during mid-day trading on Thursday, reaching $199.36. The stock had a trading volume of 100,440 shares, compared to its average volume of 415,411. 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 $95.36 and a 12 month high of $231.97. The stock has a market capitalization of $5.12 billion, a PE ratio of 16.58, a P/E/G ratio of 1.57 and a beta of 1.44. The stock has a 50-day simple moving average of $208.89 and a two-hundred day simple moving average of $186.94.

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 paid a $0.60 dividend. This is a boost from InterDigital's previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 annualized dividend and a dividend yield of 1.20%. 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.